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A Brief Overview of China's ETS Pilots - Deconstruction and Assessment of Guangdong's Greenhouse Gas Emission Trading Mechanism (Hardcover, 1st ed. 2019)
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A Brief Overview of China's ETS Pilots - Deconstruction and Assessment of Guangdong's Greenhouse Gas Emission Trading Mechanism (Hardcover, 1st ed. 2019)
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This book systematically introduces readers to the framework of
China's ETS pilots, exploring their design and operating process,
the current state of the carbon market, and various barriers
encountered. To do so, it deconstructs the Guangdong ETS, which is
the largest and most representative of China's seven ETS pilots.
The book subsequently describes and evaluates all seven pilots in
terms of their efficiency, macro and micro effects, the method
involved in the DEA model, the CGE model, and cost-benefit
analysis. In turn, in the assessment section it demonstrates how
some ETS pilots have failed to control carbon emissions due to
inordinately high emissions quotas issued by the local government
etc. Further, it argues that ETS should focus on those industries
with large emissions and high mitigating potential for the time
being, and then gradually expand the scale of its coverage. As
China's national ETS is slated for launch on the basis of the
lessons learned from the ETS pilots, the book offers a timely and
valuable resource for all those who want to understand and forecast
the development of China's ETS. It includes a wealth of
descriptions and explanations of Chinese government policies
involving carbon emissions control, making it a unique resource.
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