Title

China’s market-based environmental reforms : from inception to international co-operation and integration

Document Type

Journal article

Source Publication

Environmental and Planning Law Journal

Publication Date

9-2017

Volume

34

Issue

5

First Page

446

Last Page

458

Publisher

Lawbook Co.

Keywords

China's Carbon Markets, Cap-and-Trade Systems, Clean Development Mechanism, Kyoto Protocol, Australian Carbon Markets

Abstract

This article critically analyses the background to China’s carbon market reforms and assesses the country’s current progress in introducing cap-and-trade systems for carbon credits, participating in the clean development mechanism provided for in the Kyoto Protocol, and promoting a voluntary carbon market. The article explains how China, using a command and control approach it has employed previously in other spheres, has established cap-and-trade emissions markets as pilot schemes in selected parts of the country, and is now quickly moving towards the creation of a national carbon market. The article then considers the potential for China’s carbon market to be linked with other commensurate markets overseas, in particular that of Australia, a development that would help achieve global emission reduction targets at lower overall cost.

Print ISSN

0813300X

Publisher Statement

Copyright © 2017 Thomson Reuters (Professional) Australia Limited. Access to external full text or publisher's version may require subscription.

Full-text Version

Publisher’s Version

Recommended Citation

Hu, B. & Simmons, R. S. (2017). China’s market-based environmental reforms: From inception to international co-operation and integration. Environmental and Planning Law Journal, 34(5), 446-458.

Share

COinS