The Exploration of Implementation of Emissions Trading System in China
Author(s)
Min HU
ABSTRACT
This paper studies the route, steps and measures of the implementation of the emissions trading system in China. It combines desk research and case study. The desk research aims to explore the inherent discipline of emissions trading system, so as to disclose its nature and features while the case study involves the one-year field research conducted by the author, and provides the pilot emission systems in some provinces, together with the difficulties in its implementation. There are possibilities of comprehensive coverage of emission trading system, which can only be protected by a law relevant to environmental property protection (issued by the Standing Committee of National People’s Congress). And there is necessity for China to set up a quota system for different pollutions. After the initial allocation among provinces, the quota will be divided among enterprises, partial paid and partial for free, under the principle of “Giving priority to efficiency with due consideration to fairness”. It is useful to establish an efficient secondary market of emis-sion trading system.
This paper studies the route, steps and measures of the implementation of the emissions trading system in China. It combines desk research and case study. The desk research aims to explore the inherent discipline of emissions trading system, so as to disclose its nature and features while the case study involves the one-year field research conducted by the author, and provides the pilot emission systems in some provinces, together with the difficulties in its implementation. There are possibilities of comprehensive coverage of emission trading system, which can only be protected by a law relevant to environmental property protection (issued by the Standing Committee of National People’s Congress). And there is necessity for China to set up a quota system for different pollutions. After the initial allocation among provinces, the quota will be divided among enterprises, partial paid and partial for free, under the principle of “Giving priority to efficiency with due consideration to fairness”. It is useful to establish an efficient secondary market of emis-sion trading system.
Cite this paper
nullM. HU, "The Exploration of Implementation of Emissions Trading System in China," Journal of Service Science and Management, Vol. 2 No. 4, 2009, pp. 270-275. doi: 10.4236/jssm.2009.24032.
nullM. HU, "The Exploration of Implementation of Emissions Trading System in China," Journal of Service Science and Management, Vol. 2 No. 4, 2009, pp. 270-275. doi: 10.4236/jssm.2009.24032.
References
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[1] Z. Yue, “Jiaxing, Zhejiang, the first test of emissions trading, the initial allocation of fair,” China Environment News,” November 13, 2007. [2] http://paper.people.com.cn/scb/html/2007-12/28/content_35730363.htm. [3] http://www.cas.ac.cn/html/Books/O61BG/c1/2002/1/5/1.5_3.htm. [4] S. D. Li, “A research on china’s establishment of an emission permits trading system,” China Soft Science Magazine, Vol. 8, pp. 19–23, 2002. [5] J. Xu and W. W. Wan, “Designing of trading cost and emission permits trading system,” China Soft Science Magazine, Vol. 7, pp. 38–41, 2002. [6] D. H. Chen and F. Jiang, “Theory and practice on china’s emission permits,” Soft Science Magazine, Vol. 2, pp. 12–15, 2004. [7] D. Pierce, “There is no end of the world: Economics, environment and sustainable development,” Beijing, China Finance and Economy Press, pp. 116–118, 1996.