Review of recent progress of emission trading policy in China

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26210%2F22%3APU144276" target="_blank" >RIV/00216305:26210/22:PU144276 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.sciencedirect.com/science/article/abs/pii/S0959652622011015" target="_blank" >https://www.sciencedirect.com/science/article/abs/pii/S0959652622011015</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.jclepro.2022.131480" target="_blank" >10.1016/j.jclepro.2022.131480</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Review of recent progress of emission trading policy in China

Popis výsledku v původním jazyce

Global warming caused by the excessive combustion of fossil fuels has become the focus of the international community. China's carbon emission reduction policy plays a vital role in international climate change, carbon emission neutrality and domestic environmental pollution control. This paper summarises the progress of China's Emission Trading Scheme (ETS) pilots from 2011 to 2021, including trading volume, carbon emissions price, and the effect of carbon emission abatement. By calculating the carbon emissions intensity decrease rate of China's ETS pilot and non-pilot regions, the ETS and carbon emissions tax are compared in terms of emission reduction effectiveness, emission reduction cost and implementation resistance to provide theoretical support for the Chinese government to select and develop carbon emission reduction tools. The development of the Clean Development Mechanism in China is also compared with China Certified Emission Reduction (CCER), and the offsetting rules of CCER are summarised. After the whole analysis and assessment, the results show that from 2013 to 2018, the average carbon emissions intensity decline rate in the ETS pilots was 7.3% and that in non-pilots was 4.29%. Some problems of China's carbon emissions trading market are also concluded. The trading volume is small (only 43.4 × 106 t in 2020) and is discrepant greatly in the different ETS pilots. The carbon emissions price is low (only 33.45 Yuan/t in 2020), with high volatility and large price differences among the ETS pilots. Based on the existing problems, this paper proposes some suggestions for improving China's emission trading market and provides theoretical and decision-making support for promoting carbon emission reduction and neutralisation for China.

Název v anglickém jazyce

Review of recent progress of emission trading policy in China

Popis výsledku anglicky

Global warming caused by the excessive combustion of fossil fuels has become the focus of the international community. China's carbon emission reduction policy plays a vital role in international climate change, carbon emission neutrality and domestic environmental pollution control. This paper summarises the progress of China's Emission Trading Scheme (ETS) pilots from 2011 to 2021, including trading volume, carbon emissions price, and the effect of carbon emission abatement. By calculating the carbon emissions intensity decrease rate of China's ETS pilot and non-pilot regions, the ETS and carbon emissions tax are compared in terms of emission reduction effectiveness, emission reduction cost and implementation resistance to provide theoretical support for the Chinese government to select and develop carbon emission reduction tools. The development of the Clean Development Mechanism in China is also compared with China Certified Emission Reduction (CCER), and the offsetting rules of CCER are summarised. After the whole analysis and assessment, the results show that from 2013 to 2018, the average carbon emissions intensity decline rate in the ETS pilots was 7.3% and that in non-pilots was 4.29%. Some problems of China's carbon emissions trading market are also concluded. The trading volume is small (only 43.4 × 106 t in 2020) and is discrepant greatly in the different ETS pilots. The carbon emissions price is low (only 33.45 Yuan/t in 2020), with high volatility and large price differences among the ETS pilots. Based on the existing problems, this paper proposes some suggestions for improving China's emission trading market and provides theoretical and decision-making support for promoting carbon emission reduction and neutralisation for China.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

20704 - Energy and fuels

Projekt

<a href="/cs/project/EF15_003%2F0000456" target="_blank" >EF15_003/0000456: Laboratoř integrace procesů pro trvalou udržitelnost</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2022

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Journal of Cleaner Production

ISSN

0959-6526

e-ISSN

1879-1786

Svazek periodika

neuveden

Číslo periodika v rámci svazku

349

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

13

Strana od-do

131480-131480

Kód UT WoS článku

000789639300003

EID výsledku v databázi Scopus

2-s2.0-85126972739