DOI: 10.1080/14693062.2015.1052956
Scopus记录号: 2-s2.0-84931057552
论文题名: Cap setting and allowance allocation in China's emissions trading pilot programmes: special issues and innovative solutions
作者: Pang T ; , Duan M
刊名: Climate Policy
ISSN: 1469-3062
EISSN: 1752-7457
出版年: 2016
卷: 16, 期: 7 起始页码: 815
结束页码: 835
语种: 英语
英文关键词: allowance allocation
; cap and trade
; China
; emissions trading
; pilot
Scopus关键词: bottom-up approach
; emission control
; emissions trading
; environmental economics
; environmental policy
; China
Scopus学科分类: nvironmental Science: General Environmental Science
; Earth and Planetary Sciences: Atmospheric Science
英文摘要: Seven emissions trading scheme (ETS) pilots have been established in China. They have introduced some unique methods to set emissions caps and allocate allowances, different from textbook models and their counterparts in the EU, California, and many other regions. This article provides a detailed introduction to the methods for cap setting and allowance allocation adopted by the pilots, and presents detailed comparisons of these methods. In terms of cap setting, the pilots adopt flexible caps that can be adjusted where necessary, which primarily depends on the outcomes of the bottom-up approach, namely aggregating the allowances allocated to participants. As for allowance allocation, the pilots not only adopt such methods as grandfathering and benchmarking, which are also widely applied in other existing schemes, but also some special methods that require ex post adjustment, such as those based on enterprises’ historical emissions intensity (including both physical quantity and added-value intensity) and current production/output. The factors influencing the design are further analysed, including the impacts of theory and experience from foreign systems, concerns about economic development, traditions regarding intensity targets and policy, constraints from data availability and preparation time, tight regulation of the electricity and heat generation sector, and concerns regarding price stability. The practice of pilots presents an improvement opportunity and a challenge for China to further balance the theoretical and practical requirements in ETS design in establishing its national system. Policy relevance China is piloting emissions trading in seven regions, as part of efforts to try to rely more on market-based instruments to achieve GHG emissions control targets. All seven pilots have been confronted with special issues in the design process when compared with existing foreign schemes. This article analyses in depth the special issues related to cap setting and allowance allocation and the approaches adopted to address these issues. Flexible cap setting through a bottom-up approach and different types of allocation methods with or without ex post adjustment are adopted in the pilots. The flexible and innovative approaches the pilots have developed could provide useful experience for designing the nationwide ETS in China and promoting emissions trading policy in other parts of the world. © 2015 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group. Citation statistics:
资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/80340
Appears in Collections: 科学计划与规划
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作者单位: Institute of Energy Environment and Economy, Tsinghua University, Beijing, China
Recommended Citation:
Pang T,, Duan M. Cap setting and allowance allocation in China's emissions trading pilot programmes: special issues and innovative solutions[J]. Climate Policy,2016-01-01,16(7)