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
Language
English
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.
