Jotzo, Frank; Löschel, Andreas
China has implemented emissions trading schemes in seven cities and provinces, and is planning a
national cap-and-trade scheme. The seven pilot schemes show marked differences in design and operate
in very diverse economic circumstances. Challenges encountered in the pilot schemes include the risk of
over-allocation of emissions permits, unpredictable underlying growth trends, robust measurement and
verification procedures, and the interaction with regulation in the energy sector. In...[Show more]
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