Abstract
China is not new to market mechanisms as a means of managing environmental pollution. With the involvement of US authorities and NGOs, the Chinese government implemented several sub national pilot emission trading scheme (ETS0 for controlling sulphur dioxide (SO2) emissions from power plants in selected Chinese cities during the late 1990s and early 2000s. A variety of payment for environmental services (PES) schemes have also been introduced in remote counties and towns to preserve natural resources.
Carbon markets need to work in concert with other policies and measures since not even the most ardent market proponents are under any illusion that markets will solve the problem.
Abyd Karmali1
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© 2016 Alex Lo
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Lo, A. (2016). Political Economy of Carbon Trading. In: Carbon Trading in China. Palgrave Macmillan, London. https://doi.org/10.1057/9781137529008_2
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DOI: https://doi.org/10.1057/9781137529008_2
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-55543-7
Online ISBN: 978-1-137-52900-8
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