Abstract
For the purpose of fulfilling China’s carbon emissions reduction targets by 2020 through a cost-efficient market mechanism, and expediting transformation of economic growth pattern and upgrading industrial structure, China’s State Council, at the end of 2011, issued the Work Plan for Greenhouse Gas Emissions Control during the 12th Five-Year Plan Period, which requires to “explore and establish a national unified carbon emissions trading market.” In response to the State Council’s plan, the NDRC, in October 2011, initiated a carbon emissions trading pilot program in seven regions, including five municipalities as Beijing, Tianjin, Shanghai, Chongqing, and Shenzhen, and two provinces as Hubei and Guangdong, the earliest pilot ETS which open its carbon market is Shenzhen ETS in June, 2013, and the latest launched is Chongqing ETS in June 2014.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
Currently, China’s carbon trading schemes remain in the pilot period, the concerned areas have been slow in the legislation work. Despite of Shenzhen, the other six areas have been working on their Temporary Measures for Guangdong Carbon Emissions Management. All areas have stipulated elaborate technical specifications on Monitoring, Reporting, and Verification (MRV) of the covered enterprises. MRV is an independent factor for building the ETS, and the ETS in different areas have diversified coverage scope, so it is of limited meaning in comparing local MRV in either horizontal or vertical manner.
- 2.
China Hubei Emission Exchange. Hubei Carbon Market Watch (Oct. 2017) [EB/OL]. http://www.hbets.cn/jbXwzx/2332.htm.
- 3.
Chengde is one of the cities in Hebei Province and a northeastern city in China. Chengde borders on Beijing at the southwest.
- 4.
1 ha = 15 mu.
References
Tao Pang, Li Zhou, Maosheng Duan, Study on the Linking of China’s Emissions Trading Pilot Schemes [J]. China Population, Resources and Environment, 2014, 24 (9): 6–12.
WANG,Wenjun, XIE Pengcheng, LI Chongmei, LUO Zhigang, ZHAO Daiqing. The key elements analysis from the mitigation effectiveness assessment of Chinese pilots carbon emission trading system [J]. China population, resources and environment, 2018, 28(4): 26–34.
People’s Government of Beijing Municipality. Pilot measures for Beijing’s carbon emission trading mechanism [EB/OL]. http://www.bjpc.gov.cn/.
People’s Government of Tianjin Municipality. Pilot measures for Tianjin’s carbon emission trading mechanism [EB/OL]. Tijian People’s Government website, http://www.tjzfxxgk.gov.cn/tjep/ConInfoParticular.jsp?id=44984.
People’s Government of Shanghai Municipality. National Development and Reform Commission (NDRC) Climate Change Department. Pilot measures for Shanghai’s carbon emission trading mechanism [EB/OL] NDRC Climate Change Department website, http://qhs.ndrc.gov.cn/qjfzjz/201312/t20131231_697049.html.
Chongqing Municipality Development and Reform Commission. The notice on regulations for emission quota management of Chongqing carbon emission trading (for trial) [YuFaGaiHuan (2014) No. 538] [EB/OL]. Chongqing DRC website, http://www.cqdpc.gov.cn/article-1-20496.aspx.
Shenzhen Development and Reform Commission. Shenzhen had completed the annual carbon emission performance of 2013[N/EB].China carbon emission trading internet. 2014-07-05[2016-08-15]. http://www.tanpaifang.com/tanjiaoyisuo/2014/0704/34753.html.
SHENZHEN Carbon Trading Task Group. On a trading system for carbon emission by macro and structural regulating[J]. China opening journal, 2013, 168(3): 7–17.
JIANG Jingjing. On carbon quota distribution on a limited rationality repeat game[J]. China opening journal, 2013, 168(3): 18–35.
People’s Government of Hubei Province. Pilot measures for Hubei’s carbon emission trading mechanism [EB/OL]. Hubei People’s Government website, http://gkml.hubei.gov.cn/auto5472/auto5473/201404/t20140422_497476.html.
People’s Government of Guangdong Province. The implementation proposal of Guangdong’s pilot carbon emission trading mechanism [EB/OL]. 2012-09-07[2016-08-15] http://zwgk.gd.gov.cn/006939748/201209/t20120914_343489.html.
Guangdong Province Development and Reform Commission. Notice of the Guangdong provincial development and Reform Commission on Issuing the first allocation and work plan for carbon emission permits (for Trial Implementation) [EB/OL], 2013-11-26[2016-08-5] http://210.76.72.13:9000/pub/gdsfgw2014/zwgk/tzgg/zxtz/201311/t20131126_230325.html.
Guangdong Province Development and Reform Commission. 2013 annual auction announcement of carbon emissions quota. [EB/OL].2013-12-10[2016-08-15] http://210.76.72.13:9000/pub/gdsfgw2014/zwgk/tzgg/qtgg/201312/t20131210_232286.html.
Guangdong Province Development and Reform Commission. Guangdong’s carbon emission trading market and performance status in 2013[EB/OL]. 2014-07-15[2016-08-15]. http://210.76.72.13:9000/pub/gdsfgw2014/zwgk/gzdt/gzyw/201501/t20150129_294983.html.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2019 China Environment Publishing Group Co., Ltd. and Springer Nature Singapore Pte Ltd.
About this chapter
Cite this chapter
Zhao, D., Wang, W., Luo, Z. (2019). Overview of Chinese Pilots ETS and Characteristics. In: A Brief Overview of China’s ETS Pilots. Springer, Singapore. https://doi.org/10.1007/978-981-13-1888-7_3
Download citation
DOI: https://doi.org/10.1007/978-981-13-1888-7_3
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-13-1887-0
Online ISBN: 978-981-13-1888-7
eBook Packages: Earth and Environmental ScienceEarth and Environmental Science (R0)