Emission Reductions Post Cap-and-Trade Implementation
Conclusions (2)
The importance to tailor C/T system for the specific
socioeconomic conditions
•
GD's current system almost exactly copied the designing rules of EU
and CA
Other pilot programs, most importantly, the national C/T program, are
likely to copy the western-style program design
Lessons China should learn: emission dataset, transparent rules,
legislation support, enforcement...
Changes China needs to make: coverage, allowance allocation (equity.
concerns, declining industries), trading rules (State owned companies),
complementary polices (transportation, buildings, electricity system)
• It is still too soon to evaluate the effectiveness of the two
programs
.
• CA: transportation started to be covered in 2015
• GD: economic recovery in 2016 would change the emissions trend;
.
a longer time series data would allow separation of the effects of
economic change and C/T.View entire presentation