China’s Carbon Market Development and Carbon Market Connection: A Literature Review

Hua, Yifei; Dong, Feng

doi:10.3390/en12091663

Cited by 41 publications

(20 citation statements)

References 64 publications

(128 reference statements)

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“…The Guangdong Climate Exchange and the TCX are also involved in consulting on ETS trading rules [6,8]. The Shanghai pilot proposal for the trading system for carbon units has been selected for the national ETS [21]. Additionally, all carbon exchanges conducted capacity building programs to support compliance by covered entities [22].…”

Section: The National Etsmentioning

confidence: 99%

The consultative drafting process for Chinese emissions trading regulation: effective inputs but uncertain output

Geroe¹

2021

Int. J. EQ

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The interviews informing this paper provide a series of interlocking case studies of the ways in which specialist expertise in renewable energy institutions is integrated through the consultative drafting processes for Chinese emission trading schemes (ETS). This has been implemented through drafting groups, research collaboration, various types of meetings and conferences, industry feedback and online solicitation of opinions. Interviews in state-related research institutions, universities, regional ETS carbon exchanges and private sector consultancies indicated that this process can be a useful means of integrating regulatory measures that have proven effective. Not all interviewee recommendations are reflected in the February 2021 Trial Measures for the Chinese national ETS and related implementing rules. Examples of adoption of interviewees' recommendations included detailed requirements for emissions monitoring plans, models for trading systems and registries, and specific methodologies such as default emissions values. The most important examples of non-adoption were stringent penalties for emissions and monitoring, reporting and verification (MRV) offences and supervisory powers of regulators relating to third-party inspection organisations. The March 2021 opinion solicitation draft (OSD) for a higher level, more permanent State Council regulation contains stronger penalties and supervisory powers. The 2019 and 2020 OSDs for the current national ETS rules also contained stronger penalties and supervisory powers than the current rules. Hence, all of the OSDs more closely resemble interviewee recommendations than the current rules. Interview evidence, and related scholarly writing, suggests that this pattern may relate to resistance of powerful economic interests. Nonetheless, it suggests that such resistance can be countered through capacity building and the example of early adopters in effective emissions trading. While the consultative drafting process has proved a useful means for identifying effective regulatory design on the basis of pilot ETS experience, it has yet to be put to best effect in the current national ETS rules.

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Section: The National Etsmentioning

confidence: 99%

The consultative drafting process for Chinese emissions trading regulation: effective inputs but uncertain output

Geroe¹

2021

Int. J. EQ

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“…Combating climate change and reducing dependence on foreign energy imports are often cited as justification for the expansion of wind energy development [24][25][26]. Governments around the world have enacted energy policy strategies aimed at the reduction of CO 2 emissions [27,28]. Environmental concerns have been a driving force for the development of wind energy [29].…”

Section: Development Motivationsmentioning

confidence: 99%

The Cost of Wind: Negative Economic Effects of Global Wind Energy Development

Dorrell

Lee

2020

Energies

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This paper provides a structured literature review of the negative economic effects associated with the development of wind energy and synthesized the evidence at an abstract level. We then developed an analytical framework to systematically review economic issues such as volatility, electricity price, housing values, and unemployment in relation to wind energy. Global wind energy development data from the time period from 2000 through 2019 were included for a more robust analysis. This period encompasses the vast majority of total global installed wind energy capacity. After amalgamating evidence from existing studies and data banks, we discuss the policy implications, suggest avenues for future research, and propose solutions to mitigate externalities. By understanding the negative economic impact created by the expansion of wind energy, we can better equip policy makers and developers to create more efficient and sustainable energy policy to benefit citizens and preserve the environment for generations to come.

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“…Thousands of small and medium-sized enterprises (SME) have not fully implemented this regulation. Besides, some issues in the carbon market, such as the carbon quota allocation, carbon pricing mechanism, and policy systems, still exist [ 19 ]. Additionally, due to the government’s low-carbon policies and consumers’ low-carbon preference, manufacturers must reach the trade-off between environmental and economic performance during production [ 20 ].…”

Section: Introductionmentioning

confidence: 99%

Manufacturer’s Encroachment and Carbon Emission Reduction Decisions Considering Cap-and-Trade Regulation and Consumers’ Low-Carbon Preference

Ding

Jin

et al. 2022

IJERPH

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Carbon emission reduction and achieving carbon neutrality has become an inevitable trend in the sustainable development era. We investigate the manufacturer’s encroachment and carbon emission reduction decisions considering government cap-and-trade regulations and consumers’ low-carbon preference. The equilibrium decisions for the four scenarios are analytically obtained and compared based using the Stackelberg game. A comparison with and without cap-and-trade regulation under two encroachment decisions regarding member’s profits and carbon emission reduction levels are conducted. It is shown that the encroachment decision is always advantageous for the manufacturer if the government decides not to implement cap-and-trade regulation, and the retailer always loses profit. Moreover, if the carbon quota is sufficient, cap-and-trade regulation benefits the manufacturer. Otherwise, the manufacturer’s encroachment decision depends on the appropriate initial unit amount of carbon emission and unit carbon price. The retailer’s profit may not always be hurt by the manufacturer’s encroachment with cap-and-trade regulation; unless the unit carbon price exceeds a certain threshold, a higher consumer’s low-carbon preference in the encroachment scenario reduces more carbon emissions than in the no-encroachment scenario for the manufacturer. Further, the rising platform commission rate causes the platform profit to increase first and then decrease; the platform profit will slightly decrease if both products become more substitutes.

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China’s Carbon Market Development and Carbon Market Connection: A Literature Review

Cited by 41 publications

References 64 publications

The consultative drafting process for Chinese emissions trading regulation: effective inputs but uncertain output

The consultative drafting process for Chinese emissions trading regulation: effective inputs but uncertain output

The Cost of Wind: Negative Economic Effects of Global Wind Energy Development

Manufacturer’s Encroachment and Carbon Emission Reduction Decisions Considering Cap-and-Trade Regulation and Consumers’ Low-Carbon Preference

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