This paper critically questions the legal and economic foundation of price regulation under the European Union (EU) and Chinese Emissions Trading Schemes (ETS). In 2018, the EU adopted a structural reform of the ETS with the objective of increasing and stabilising carbon prices. This reform...

This report analyses the influence of the design features of China’s pilot emissions trading systems (ETS) in the Province of Hubei and the Municipal City of Shenzhen and the development of the electricity markets on the quality of the carbon price signal. Based on publicly available data and...

The introduction of an Emissions Trading Scheme (ETS) to decarbonise the Chinese economy faces challenges relating to the tradition of heavy regulation that characterises the functioning of the largest carbon-emitting sector – coal-fired electricity production. This article examines what scope...