China’s legal framework for emission trading and other market initiatives
Chapter in an edited book (author)

Other information
AbstractAs part of the regulatory framework to reduce China’s greenhouse gas emissions, market-based instruments complement the existing command-and-control measures towards decarbonization. For the time being, the market initiatives that underpin China’s mitigation strategies include emission-trading schemes (ETSs) and a renewable electricity quota system. This chapter examines the legal framework in China for ETSs and the newly established renewable electricity quota system. The former has been developed through a strategy of building a national ETS through seven local pilot programmes. The renewable electricity quota system, initiated in 2018, mandates priority access of renewable energy to the grid network through binding targets and trading renewable-energy certificates (RECs). RECs are issued to renewable-energy generators, and there are separate obligations for hydropower and other renewable-energy sources (wind, solar, and biomass). By discussing the legal obstacles that hinder the functioning of the two market systems, this chapter highlights the interactions between the two instruments as they relate to their effectiveness.
All Author(s) ListHao Zhang
All Editor(s) ListXiangbai He, Hao Zhang, Alexander Zahar
Edition1st Edition
Book titleClimate Change Law in China in Global Context
Series TitleRoutledge Advances in Climate Change Research
Place of PublicationLondon and New York
Pages84 - 102
LanguagesEnglish-United States

Last updated on 2020-24-09 at 11:01