CHINA EMISSION TRADING SYSTEM TRANSITION LOW-CARBON ECONOMY

This book integrates the theory and practice of carbon trading at home and abroad, focusing on major theoretical and practical issues of establishing an emissions trading scheme (ETS) in China during its transition to a low-carbon economy. First, a theoretical analysis of the relationship between the transformation of the low-carbon economy and ETS is presented. Second, policy design, institutional evolution, market operation and practical effects of the major global ETSs are systematically compared. Third, the theoretical basis, key points, modelling methods, computational simulation, policy options and operational steps for key institutional and designing of policy elements in China's ETS are analyzed individually. Finally, policy recommendations for the top-level design of China's ETS are proposed.

Contents:

• Relationship Between ETS and Low-Carbon Economic Transformation
• Comparison of ETSs in Developed Countries
• ETS Cap Setting and Sector Selection
• Allocation of ETS Initial Allowances
• Regional Allowances Allocation
• ETS Trading Mechanism
• Monitoring, Reporting, and Verification of Entities Emissions
• Financial Supports for Emissions Trading
• Legal Protection for ETS
• Policy Proposals for Top-Level Design of a National ETS

Readership: Academics and researchers interested in ETS and low carbon economy in China.

Key Features:

• This book proposes some practical solutions to the construction of the carbon trading system under the low-carbon economy transformation in China. Unlike other books on carbon trading systems, this book not only covers the basic knowledge of policy regulations and market mechanisms but also delves into the design, implementation, and management of carbon emissions trading, which has more comprehensive and in-depth research value. In addition, this book conducts in-depth research on hot issues in carbon emissions trading, such as regulatory issues in carbon trading, the relationship between carbon trading and environmental protection, and in-depth exploration of current hot issues in the field of carbon trading. Besides its academic value, this book also has practical guidance value for professionals and government engaged in carbon trading research and practice