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Climate 2017, 5(3), 70; doi:10.3390/cli5030070

Comparison of Carbon Emission Trading Schemes in the European Union and China

College of Management and Economics, Tianjin University, Tianjin 300092, China
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Received: 2 August 2017 / Revised: 29 August 2017 / Accepted: 30 August 2017 / Published: 2 September 2017
(This article belongs to the Special Issue Climate Impacts and Resilience in the Developing World)
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Abstract

Given the growing evidence and scientific consensus on global climate change, carbon emission trading schemes (ETS) have been deemed crucial in mitigating the problem. Therefore, this study compares the mechanisms of ETS in the European Union with those in China. The results indicate similarities in cap determination, the coverage and calculation method of allowance allocation, trading participants and allowance category, offset credit, and MRV. On the other hand, the allocation method and supervision of allowance allocation, allowance formats and trading methods, market risk management, market linkage mechanism, and legislation security evidently appear to vary. However, the results were unable to identify which ETS is absolutely good or bad due to the political, economic, and institutional contexts and the varying developmental phases. Eventually, drawing on these findings, we conclude with implications for the promotion of ETS. View Full-Text
Keywords: carbon emission trading scheme; comparative study; European Union; China carbon emission trading scheme; comparative study; European Union; China
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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Zhang, M.; Liu, Y.; Su, Y. Comparison of Carbon Emission Trading Schemes in the European Union and China. Climate 2017, 5, 70.

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