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Carbon emissions trading in China : the evolution from pilots to a nationwide scheme

Zhang, ZhongXiang - 2015

, use of offsets, and enforcement and compliance. This article explains why China opts for emissions trading, rather than …

Persistent link: https://www.econbiz.de/10010513963

Crossing the river by feeling the stones : the case of carbon trading in China

Zhang, ZhongXiang - 2015

Putting a price on carbon is considered a crucial step for China's endeavor of harnessing the market forces to reduce … its energy consumption and carbon emissions. Indeed, aligned with China's grand experiment with low-carbon provinces and … market power of dominated players, use of offsets, and enforcement and compliance. This article explains why China turns to …

Persistent link: https://www.econbiz.de/10010493045

China's carbon market : development, evaluation, coordination of local and national carbon markets and common prosperity

Zhang, ZhongXiang - 2022

To achieve the commitments to both carbon peaking and carbon neutrality, China should focus on those policies of … regions with low levels of development and technology in China. …

Persistent link: https://www.econbiz.de/10013438629

Making China the transition to a low-carbon economy : key challenges and responses

Zhang, ZhongXiang - 2015

China has realized that for its own sake and from the international community’s perspective, it cannot afford to … development. Specifically, to meet the grand goal involves not only capping China’s nationwide coal consumption to let it peak … arguing why China’s anti-pollution outcomes this time might be different from the previous ones. …

Persistent link: https://www.econbiz.de/10011391849

Flexibility in the market for international carbon credits and price dynamics difference with European allowances

Gavard, Claire; Kirat, Djamel - 2015

We analyze the price dynamics of European allowances and international carbon credits in the second phase of the European carbon market. We develop and use a model combining fundamental drivers associated with the demand for quotas by installations and risk-return considerations related to the...

Persistent link: https://www.econbiz.de/10010476203

Land competitiveness and leakage concerns and border carbon adjustments

Zhang, ZhongXiang - 2012

This paper provides a review of the literature on competitiveness and leakage concerns associated with differentiated climate abatement commitments among countries. The literature reviewed is not exhausted, but it is sufficient to provide a balanced view of both academics and policy circles....

Persistent link: https://www.econbiz.de/10009634265

Eyes on the price : which power generation technologies set the market price? : price setting in European electricity markets : an application to the proposed Dutch carbon price floor

Blume-Werry, Eike; Faber, Thomas; Hirth, Lion; Huber, Claus - 2018

Upon discussion of price setting on electricity wholesale markets, many refer to the so-called merit order model. Conventional wisdom holds that during most hours of the year, coal- or natural gas-fired power plants set the price on European markets. In this context, this paper analyses price...

Persistent link: https://www.econbiz.de/10011948155

Climate policies and nationally determined contributions : reconciling the needed ambition with the political economy

Vogt-Schilb, Adrien; Hallegatte, Stéphane - 2017

Countries have pledged to stabilize global warming at a 1.5 to 2°C increase. Either target requires reaching net zero emissions before the end of the century, which implies a major transformation of the economic system. This paper reviews the literature on how policymakers can design climate...

Persistent link: https://www.econbiz.de/10011660858

What drives the European carbon market? : macroeconomic factors and forecasts

Bastianin, Andrea; Mirto, Elisabetta; Qin, Yan; … - 2024

Putting a price on carbon - with taxes or developing carbon markets - is a widely used policy measure to achieve the target of net-zero emissions by 2050. This paper tackles the issue of producing point, direction-of-change, and density forecasts for the monthly real price of carbon within the...

Persistent link: https://www.econbiz.de/10014470036

Programs, prices and policies towards energy conservation and environmental quality in China

Zhang, ZhongXiang - 2014

China has gradually recognized that the conventional path of encouraging economic growth at the expense of the … environment cannot be sustained. It has to be changed. This article focuses on China's efforts towards energy conservation and …

Persistent link: https://www.econbiz.de/10010373791