Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 73 , 19 April 2024
Open
Access | Article
Exploration of the Initial Allocation Scheme of Carbon Emission Rights in China: International Experience and Policy Implications
* Author to whom correspondence should be addressed.
Abstract
Along with the continuous development of the pilot carbon trading market and the construction of a uniform CET market, it is essential to establish a reasonable allocation method for carbon emissions consistent with the development of the CET market in China. The reasonable allocation of carbon allowances is a key means to ensure the efficiency of the carbon emission trading system. China's carbon emission trading market is still in its initial phase, and there are still some problems to be improved in terms of carbon quotas. This paper compares the allocation system of China's carbon emission rights with that of the international carbon emission rights allocation system. It compellingly explores China's carbon emission right allocation system in recent years. Based on the strict baseline requirements, the paper makes innovative proposals to allocate carbon emission allowances based on auction allocation, supplement them with free distribution, and provides reasonable suggestions for developing the trading market of carbon emission rights in China.
Keywords
carbon neutrality, carbon emission rights, trading markets
References
1. Zhang, J., Wang, Z., Du, X., (2017). Lessons learned from China's regional carbon market pilots. Econ. Energy Environ. Policy 6, 19–38.
2. Tang, C. S., & Zhou, S. (2012). Research advances in environmentally and socially sustainable operations. European Journal of Operational Research, 223(3), 585–594.
3. Chai, Q., Xiao, Z., Lai, K., et al. (2018). Can Carbon Cap and Trade Mechanism Be Beneficial for Remanufacturing? International Journal of Production Economics, 203, 311-321.
4. Wang, Q., & Xue, Y. (2020). Imbalance of carbon embodied in South-South trade: Evidence from China-India trade. Science of the Total Environment, 707(C), 134-473.
5. Pan Xiaobin & Shi Xuying.(2016). Construction of free quota allocation system in carbon emission trading. Journal of Tianjin University (Social Sciences Edition)(04),338-343.
6. Li, W., & Jia, Z. (2016). The impact of emission trading scheme and the ratio of free allowances: A dynamic recursive CGE model in China. Applied Energy, 174, 1-14.
7. Schmidt, R.C., Heitzig, J, (2014). Carbon leakage: grandfathering as an incentive device to avert firm relocation. J. Environ. Econ. Manag. 67 (2),209-223.
8. Ahn. J.(2014). Assessment of initial emission allowance allocation methods in the Korean electricity market. Energy Economics.43(2).244-255
9. Zhou, P and M Wang (2016). Carbon dioxide emissions allocation: A review. Ecological Economics, 125,47-59.
10. Xu X W & Zhang H. (2013). International experience and implications of carbon emission quota allocation. Chinese Population, Resources and Environment (12),10-15.
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. Authors who publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See Open Access Instruction).
- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-319-7
- ISBN (Online)
- 978-1-83558-320-3
- Published Date
- 19 April 2024
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/73/20230619
- Copyright
- 19 April 2024
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited