China's
pilot emissions trading schemes have ignored energy and commodity fundamentals as regulatory intervention has been the chief price driver, highlighting a major challenge to turn the national cap - and - trade programme into an effective mechanism.
Seven Provinces and Municipalities (Beijing, Chongqing, Guangdong, Hubei, Shanghai, Shenzhen and Tianjin) are developing
pilot emissions trading systems, due to begin in 2013, the experiences of which will inform the design of a national scheme before 2020.
He has played a key role in helping to design the UKs
pilot emissions trading scheme and in developing key aspects of the EU ETS.
In China, the government is also getting serious — revealing more details about
its pilot emissions trading scheme, canvassing a flat carbon tax on certain industries, and also announcing that it would impose emission caps on certain provinces and cities, including the powerhouse economy of Guangdong, and the key commercial hubs of Beijing, Tianjin, Shanghai, Chongqing and Shenzhen, in preparation for the ETS.
China says it has encouraged a domestic renewable energy industry and is now planning
a pilot emissions trading scheme.
Heavy pollution from coal power stations is forcing officials to consider alternative forms of energy — and raising the stakes for the country's seven
pilot emission trading schemes, the first of which launched in Shenzhen on June 18.
Not exact matches
In bid to reduce carbon
emissions, a group of Japanese technology and energy firms is launching a
pilot project aimed to allow consumers in rural areas to
trade renewable energy...
The
emissions trading pilot projects in China can learn from the EU's mistakes in order to establish a successful countrywide scheme.
Seven provinces and municipalities are developing
emissions trading pilots.
Seven
pilot regions in the world's most polluting nation will launch markets to cap - and -
trade greenhouse gas
emissions
Four out of seven Chinese
pilot regions — Shanghai, Guangdong, Tianjin and Hubei — have issued their versions of cap - and -
trade plans for greenhouse gas
emissions.
As with
emission -
trading programs elsewhere, polluters in China's
pilots have two options: First, they can meet their targets by reducing their own
emissions — by investing in energy efficiency, say, or curbing production.
«We are considering expanding the existing
pilot programs into surrounding areas and link up those regional carbon markets; if that fails, the central government will then design a nationwide
emissions trading scheme and allocate allowances to each region,» said Xu, the government official involved in the national carbon market buildup.
Five cities and regions set up new
pilot carbon
trading platforms last year to encourage local enterprises to address soaring greenhouse gas
emissions and two more will be launched in 2014.
Last week, at a meeting in Prague, UNCTAD called on the US, the European Union and Japan to set up a
pilot pollution «exchange», to organise
trade in «
emissions entitlements» for carbon dioxide.
It is rather unlikely that China's
pilot carbon
trading schemes will lead to an economy - wide
emission cap in the near future (they might lead to sectoral national schemes first and an economy - wide cap later).
A
pilot emissions rights
trading program for key pollutants has reportedly been launched in the southeastern province of Zhejiang.
China has also commenced the first of seven
pilot emissions -
trading schemes; it plans to implement a full national scheme by 2015.
The City of Shenzhen was the first of seven Chinese
pilot cities to launch an
emissions trading scheme (ETS), allowing companies to
trade carbon
emissions.