Research on China’s cap-and-trade carbon emission trading scheme: Overview and outlook

•A full and concise review of the literatures on China’s ETS.•Mechanism design, coordination and linkage and impact assessment are involved.•Policy suggestions are offered for devising China’s nationwide ETS.•Pressing research areas in the future are identified. With important implications for globa...

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Published inApplied energy Vol. 178; pp. 902 - 917
Main Authors Jiang, Jingjing, Xie, Dejun, Ye, Bin, Shen, Bo, Chen, Zhanming
Format Journal Article
LanguageEnglish
Published Elsevier Ltd 15.09.2016
Subjects
business enterprises
Cap-and-trade ETS
carbon markets
China
climate change
Consensus and controversy
issues and policy
Overview
politics
Research outlook
China
Cap-and-trade ETS
Overview
Consensus and controversy
Research outlook
China
Online AccessGet full text
ISSN0306-2619
1872-9118
DOI10.1016/j.apenergy.2016.06.100

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Abstract •A full and concise review of the literatures on China’s ETS.•Mechanism design, coordination and linkage and impact assessment are involved.•Policy suggestions are offered for devising China’s nationwide ETS.•Pressing research areas in the future are identified. With important implications for global climate change mitigation, the development of a cap-and-trade emission trading scheme (ETS) in China is embedded in distinctive political, economic, and institutional contexts and has been attracting increasing attention in recent years. To offer a clear perspective on current research progress, this paper systematically reviews the recent literature on China’s ETS from three main aspects: mechanism design, policy and regional linkages, as well as impact assessment. The current research consensuses are summarized based upon detailed literature analyses and commentaries, and together with observations of international experience and China’s actual condition, the paper provides policy proposals for the development of China’s national ETS during 2016–2020. Finally, several important controversies in the current literature are discussed with regard to the practical demands of China’s ETS development. Five pressing topics that need to be further studied in the coming years are highlighted, including cap setting, allowance allocation among sectors and enterprises, carbon pricing, policy package and unified carbon market construction, as well as ex-ante and ex-post impact assessments.
AbstractList •A full and concise review of the literatures on China’s ETS.•Mechanism design, coordination and linkage and impact assessment are involved.•Policy suggestions are offered for devising China’s nationwide ETS.•Pressing research areas in the future are identified. With important implications for global climate change mitigation, the development of a cap-and-trade emission trading scheme (ETS) in China is embedded in distinctive political, economic, and institutional contexts and has been attracting increasing attention in recent years. To offer a clear perspective on current research progress, this paper systematically reviews the recent literature on China’s ETS from three main aspects: mechanism design, policy and regional linkages, as well as impact assessment. The current research consensuses are summarized based upon detailed literature analyses and commentaries, and together with observations of international experience and China’s actual condition, the paper provides policy proposals for the development of China’s national ETS during 2016–2020. Finally, several important controversies in the current literature are discussed with regard to the practical demands of China’s ETS development. Five pressing topics that need to be further studied in the coming years are highlighted, including cap setting, allowance allocation among sectors and enterprises, carbon pricing, policy package and unified carbon market construction, as well as ex-ante and ex-post impact assessments.
With important implications for global climate change mitigation, the development of a cap-and-trade emission trading scheme (ETS) in China is embedded in distinctive political, economic, and institutional contexts and has been attracting increasing attention in recent years. To offer a clear perspective on current research progress, this paper systematically reviews the recent literature on China’s ETS from three main aspects: mechanism design, policy and regional linkages, as well as impact assessment. The current research consensuses are summarized based upon detailed literature analyses and commentaries, and together with observations of international experience and China’s actual condition, the paper provides policy proposals for the development of China’s national ETS during 2016–2020. Finally, several important controversies in the current literature are discussed with regard to the practical demands of China’s ETS development. Five pressing topics that need to be further studied in the coming years are highlighted, including cap setting, allowance allocation among sectors and enterprises, carbon pricing, policy package and unified carbon market construction, as well as ex-ante and ex-post impact assessments.
Author Jiang, Jingjing
Xie, Dejun
Ye, Bin
Shen, Bo
Chen, Zhanming
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  organization: Energy Analysis and Environmental Impacts Division, Lawrence Berkeley National Laboratory, Berkeley, CA 94720, USA
– sequence: 5
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  surname: Chen
  fullname: Chen, Zhanming
  organization: Department of Energy Economics, School of Economics, Renmin University of China, Beijing 100872, China
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Overview
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China
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Snippet •A full and concise review of the literatures on China’s ETS.•Mechanism design, coordination and linkage and impact assessment are involved.•Policy suggestions...
With important implications for global climate change mitigation, the development of a cap-and-trade emission trading scheme (ETS) in China is embedded in...
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SubjectTerms business enterprises
Cap-and-trade ETS
carbon markets
China
climate change
Consensus and controversy
issues and policy
Overview
politics
Research outlook
Title Research on China’s cap-and-trade carbon emission trading scheme: Overview and outlook
URI https://dx.doi.org/10.1016/j.apenergy.2016.06.100
https://www.proquest.com/docview/2116891611
Volume 178
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