Comparison of Carbon Emission Trading Schemes in the European Union and China

Zhang, Mengya; Liu, Yong; Su, Yunpeng

doi:10.3390/cli5030070

Cited by 30 publications

(10 citation statements)

References 44 publications

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“…Other scholars have studied the design of the carbon market trading mechanism [22][23][24]. For example, Zhang [25] thought that regions or countries must develop according to local conditions. There are many theoretical pieces of research on carbon market trading mechanisms, but few of them can be applied to actual carbon trading.…”

Section: Research On International Forestry Carbon Sequestration and Trade Of Other Pollutantsmentioning

confidence: 99%

Design of Combined Auction Model for Emission Rights of International Forestry Carbon Sequestration and Other Pollutants Based on SMRA

Guo

Hua

et al. 2021

Sustainability

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In this paper, the combined transactions for emission rights of international carbon sequestration and other pollutants in forestry have been taken as the research object, and the Simultaneous Multiple Round Auction (SMRA) theory has been used to design a new model for the current auction transactions. In this paper, the feasibility and application of the SMRA model of reach object are studied by the methods of simulation experiment, model analysis, and analogical analysis, and the promotion of this model is discussed. The results show that the new auction model designed in this paper fills in the blank of the combined auction of international forestry carbon sequestration and other pollutant emission rights. It successfully eliminates the winners’ curse and the losses of the sellers. Meanwhile, it provides a new way of resolving ecological deficits problems, achieving the ultimate goal of an overall reduction in carbon and pollution emission. Moreover, it’s beneficial in resolving the structural contradictions between ecological purification and pollutants discharge, hence maximizing the benefits for all the stakeholders. Finally, it is suggested that the SMRA should be adopted in the international trading of emission rights of international carbon sequestration and other pollutants to promote the emission reduction of greenhouse gases and pollutants.

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Section: Research On International Forestry Carbon Sequestration and Trade Of Other Pollutantsmentioning

confidence: 99%

Design of Combined Auction Model for Emission Rights of International Forestry Carbon Sequestration and Other Pollutants Based on SMRA

Guo

Hua

et al. 2021

Sustainability

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“…NDRC released Interim Regulations on Administration of Carbon Emission Trading on 11 December 2014 that will deal notably with carbon emissions trading [43]. The core objectives of carbon emissions trading may be the 'Chinese Certified Emissions Reductions' (CCER) [44] and the 'emission quotas' in these pilot areas.…”

Section: Emission Trading Scheme In Chinamentioning

confidence: 99%

Environmental Challenges and Current Practices in China—A Thorough Analysis

Khan

Chang

2018

Sustainability

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This study presents a critical analysis of the environmental challenges regarding global environmental policies and current practices in China. The study provides imperative evidence about the current emission control strategies, environmental planning, legislation, policy instruments, and measures to provide a sustainable environment for the present and future generations. The study followed a well-defined analytical methodology to analyse the measures adopted to control emissions as a trade-balancing tool for the environment. The findings indicated that domestic as well as the international collaborations were effective in controlling the present problem of environmental pollution, and suggested a need for collaborative agreements to amend the Environmental Protection Law (EPL). The analytical findings determined that the proposed EPL considered SO 2 or NO 2 emissions while neglecting an important source of environmental pollution, i.e., CO 2 emissions. The research findings also suggested a need for to accelerate efforts in a more professional, practical, and result-oriented manner to analyse the diverse nature of environmental issues. The research highlighted some of the obstacles to the successful implementation of EPL for current and future environmental challenges.

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“…Belt and Road Initiative (BRI) is a mega-investment project worth multibillion dollar that will connect China with Asia, the Middle East, Africa and Europe. Several projects for developing roads, railways, power plants, maritime routes and communication are targeted under BRI (Zhang et al , 2017a, 2017b). This project is expected to transform the regional cooperation among the participating countries.…”

Section: Introductionmentioning

confidence: 99%

“…The political leadership of China advocates BRI as a driver of continued economic growth through revisiting their trade and economic ties with neighboring countries in the region (Cai, 2017; Zhang et al , 2018). BRI presents joint economic cooperation and development opportunities by constructing roads, intensive transportation and maritime routes to connect the Central Asian States to the Indian Ocean (Zhang et al , 2017a, 2017b). Thus, the economic competitiveness of the regions is likely to increase by eliminating trade barriers and promoting people-to-people relations (Szczudlik-Tatar, 2013).…”

Section: Introductionmentioning

confidence: 99%

Environmental impact assessment of CPEC: a way forward for sustainable development

Khalid

Ahmad

Ullah

2021

IJDI

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Purpose Human-induced changes in climate have affected the environment to the extent that any more economic development at the cost of the environment will be too costly. Thus, sustainable development options posing no additional harm to the environment are the only viable option. This study aims to examine the likely environmental impacts of infrastructural developments through the China–Pakistan Economic Corridor (CPEC). Design/methodology/approach There is a scarcity of academic debate and discussion on the environmental impact of CPEC developments in laws and policies on the environment. The qualitative approach is followed in this study and official documents and reports are used to investigate the environmental challenges posed by CPEC. Findings The findings show three possible environmental concerns which could increase the climate change vulnerability of Pakistan. The coal-fired power plants are the most prominent threat based on their CO2 contributions and smog. Second, cutting more than 54,000 trees for roads infrastructure will increase CO2 concentration along the CPEC route. Third, increasing vehicle trafficking by up to 7,000 trucks per day on Karakorum Highway alone will release 36.5 million tons of additional CO2. Originality/value It is essential to rethink the environmental cost of CPEC. The study suggests economic and legal cooperation between Pakistan and China as a way forward to deal with climate change issues. Environmental laws should be a vital part of CPEC projects to ensure their safety, security and sustainability.

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Comparison of Carbon Emission Trading Schemes in the European Union and China

Cited by 30 publications

References 44 publications

Design of Combined Auction Model for Emission Rights of International Forestry Carbon Sequestration and Other Pollutants Based on SMRA

Design of Combined Auction Model for Emission Rights of International Forestry Carbon Sequestration and Other Pollutants Based on SMRA

Environmental Challenges and Current Practices in China—A Thorough Analysis

Environmental impact assessment of CPEC: a way forward for sustainable development

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