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.
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.
Not exact matches
The
emissions trading pilot projects in China can learn from the EU's mistakes in order to establish a successful countrywide
scheme.
«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.
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).
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.
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.