Market-based Climate Policy in China? The Case of Emissions Trading Systems

2019 ◽  
Vol 11 (04) ◽  
pp. 46-59
Author(s):  
Erik BAARK
Keyword(s):  
Climate Change ◽  
Climate Policy ◽  
Carbon Emissions ◽  
Emissions Trading ◽  
Chinese Government ◽  
Negative Consequences ◽  
Trading System ◽  
Political Issues ◽  
Trading Systems ◽  
Emissions Trading System

China recognises the need to reduce carbon emissions in order to avoid negative consequences from climate change in the future. Therefore, the Chinese government initiated seven emissions trading system (ETS) pilots in 2013 and began to develop China’s national ETS in 2017. However, Chinese efforts to implement ETS have encountered legal, institutional and political issues that must be solved so that a national ETS could help to mitigate emissions in China.

scholarly journals Ratcheting Up Carbon Trade: The Politics of Reforming EU Emissions Trading

2017 ◽  
Vol 17 (2) ◽  
pp. 105-124 ◽  
Author(s):  
Torbjørg Jevnaker ◽  
Jørgen Wettestad
Keyword(s):  
Greenhouse Gas ◽  
Climate Policy ◽  
Emissions Trading ◽  
Carbon Price ◽  
European Parliament ◽  
Carbon Markets ◽  
Trading System ◽  
Trading Systems ◽  
Emissions Trading System ◽  
The Eu

The EU’s emissions trading system (ETS) covers almost half of its greenhouse gas emissions and has been hailed as the cornerstone and flagship of EU climate policy. In spring 2013, however, the ETS was in severe crisis, with a huge surplus of allowances and a sagging carbon price. Even a formally simple measure to change the timing of auctioning was initially rejected by the European Parliament. Two years later, a much more important, quantity-focused “market thermostat” (the market stability reserve) was adopted, and proposals for a complete ETS overhaul were put on the table. This article examines how it was possible to turn the flagship around so quickly, providing insights into the mechanisms for gradually rendering emissions trading systems more effective. Crucial changes at the EU and national levels are identified, chief among them changes in Germany and in the European Parliament. Furthermore, the quantity-based tightening mechanism discussed could be of relevance for carbon markets outside Europe.

scholarly journals Canadian Challenges in Implementing the Kyoto Protocol: A Cause for Harmonization

2020 ◽  
Author(s):  
Elisabeth DeMarco ◽  
Robert Routliffe ◽  
Heather Landymore
Keyword(s):  
Kyoto Protocol ◽  
Emissions Trading ◽  
Legal Issues ◽  
Current Status ◽  
Trading System ◽  
Trading Systems ◽  
Legal Context ◽  
Ghg Reduction ◽  
The Impact ◽  
Emissions Trading System

On 17 December 2002, Canada ratified the Kyoto Protocol to the United Nations Framework Convention on Climate Change (Kyoto Protocol), taking on binding targets to reduce Canadian emissions of greenhouse gases (GHGs). Canada's ratification decision and the proposed domestic emissions trading system forming part of Canada's Kyoto implementation plan continue to be the source of considerable disagreement and conflict between the provinces and thefederal government regarding: the practical challenges associated with multiple Canadian jurisdictions implementing emissions trading systems: the current status and legal issues associated with covenants between industry and government(s) to enforce GHG reduction targets; the legal jurisdiction over domestic emissions trading system(s); and the impact on interprovincial and international trade. Each ofthese issues is examined in the unique Canadian legal context. The authors conclude that many ofthe most significant challenges may be mitigated through harmonization and coordination byfederal and provincial governments in a manner that allows for local concerns to be addressed without fragmenting the Canadian emissions markets.

Building Carbon Emissions Trading System for China under the Experience of EU Emissions Trading System

2013 ◽  
Vol 411-414 ◽  
pp. 2505-2510
Author(s):  
Qi Wei ◽  
Man Man Tian
Keyword(s):  
Carbon Emissions ◽  
Emissions Trading ◽  
Rapid Development ◽  
Market Condition ◽  
Carbon Trading ◽  
Trading System ◽  
Carbon Emissions Trading ◽  
Trading Market ◽  
Eu Emissions Trading System ◽  
Emissions Trading System

Along with the rapid development of economy, China has become the leading emitter of greenhouse gases in the world. Carbon emissions trading system is an important tool and means to response to climate change effectively and reduce greenhouse gas emissions. At present, Chinese carbon trading market is still in its infancy, and there are many deficiencies: legal system is imperfect and carbon source monitoring regulation is lax, the variety of trading is single, China does not have pricing power of carbon emissions and the layouts of trading platform are not reasonable. Through using the implementation experience of the EU emissions trading system, we construct Chinese carbon trading mechanism based on total control principle: voluntary trading market should be carried out fist and mandatory transaction will be implemented when market condition is sufficient. According to the quotas allocation from free to auction, mandatory transaction shall be implemented in there stages.

scholarly journals The International Influence of the Emissions Trading System in Mexico

2021 ◽  
pp. 91-107
Author(s):  
Alicia Gutierrez González
Keyword(s):  
Climate Change ◽  
Carbon Dioxide Emissions ◽  
Emissions Trading ◽  
Carbon Tax ◽  
Ghg Emissions ◽  
Learning By Doing ◽  
The European Union ◽  
Trading System ◽  
Reduce Carbon Dioxide ◽  
Emissions Trading System

AbstractThis article aims to give an overview of the international influence of the Emissions Trading System (ETS) in Mexico. It is divided into three parts. First, it briefly examines both the international Climate Change regime through the description of such instruments as the 1997 Kyoto Protocol and the 2015 Paris Agreement, and the national regime by reviewing as the 2012 General Law on Climate Change (LGCC), the National Emissions Registry (RENE) and its Regulations, as well as other instruments regarding mitigation from carbon tax and clean energy. Second, it analyzes the legal framework of the pilot phase of the ETS in Mexico (under the cap and trade principle) which seeks to reduce carbon dioxide emissions (CO2) only in the energy and industry sectors whose emissions are greater than 100 thousand direct tonnes of CO2. In doing so, it also explains the relevance of implementing an ETS as a cost-effective mitigation measure to achieve the Nationally Determined Contributions (NDCs) in order to reduce 22% greenhouse gas (GHG) emissions by 2030 (increasing to 36% if there is international support and financing) and 50% by 2050 as a developing country. Third, it focuses on the European Union Emissions Trading System (EU ETS) experience and shows that all its phases must be done gradually by adopting the learning-by-doing approach.

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