China’s New National Carbon Market

Conference Paper

On December 19, 2017, China announced the official start of its national emissions trading system (ETS) construction program. When fully implemented, this program will more than double the volume of worldwide carbon dioxide emissions covered by either tax or tradable permit policy. Many of program's design features reflect those of China's pilot programs but differ from those of most emissions trading programs in the United States and Europe. This paper explains the context and design of China's new carbon market, discusses implications and possible modifications, and suggests topics for further research.

Full Text

Duke Authors

Cited Authors

  • Pizer, WA; Zhang, X

Published Date

  • May 1, 2018

Published In

Volume / Issue

  • 108 /

Start / End Page

  • 463 - 467

Published By

Electronic International Standard Serial Number (EISSN)

  • 2574-0776

International Standard Serial Number (ISSN)

  • 2574-0768

Digital Object Identifier (DOI)

  • 10.1257/pandp.20181029