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A Brief Overview of China’s ETS PilotsGlobal ETS Operation and Their Merits and Demerits

A Brief Overview of China’s ETS Pilots: Global ETS Operation and Their Merits and Demerits [Since the Kyoto Protocol (KP) was signed in 1997, all parties to the KP have been actively exploring the path to transit to a low-carbon economy, and using a market mechanism to cut Greenhouse Gas (GHG) emissions and save the cost for emission reduction. On January 1, 2005, European Union Emission Trading Scheme (EU ETS) was launched, which was followed by Regional Greenhouse Gas Initiative (RGGI), Midwestern Greenhouse Gas Reduction Accord (MGGRA), Western Climate Action Initiative (WCI), and California Cap-and-Trade.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Brief Overview of China’s ETS PilotsGlobal ETS Operation and Their Merits and Demerits

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References (12)

Publisher
Springer Singapore
Copyright
© China Environment Publishing Group Co., Ltd. and Springer Nature Singapore Pte Ltd. 2019. Jointly published with China Environment Publishing Group Co., Ltd., Beijing, China
ISBN
978-981-13-1887-0
Pages
11 –36
DOI
10.1007/978-981-13-1888-7_2
Publisher site
See Chapter on Publisher Site

Abstract

[Since the Kyoto Protocol (KP) was signed in 1997, all parties to the KP have been actively exploring the path to transit to a low-carbon economy, and using a market mechanism to cut Greenhouse Gas (GHG) emissions and save the cost for emission reduction. On January 1, 2005, European Union Emission Trading Scheme (EU ETS) was launched, which was followed by Regional Greenhouse Gas Initiative (RGGI), Midwestern Greenhouse Gas Reduction Accord (MGGRA), Western Climate Action Initiative (WCI), and California Cap-and-Trade.]

Published: Aug 28, 2018

Keywords: Regional Greenhouse Gas Initiative (RGGI); Emissions Trading Scheme; Allowance Allocation; Offset Credits; Free Allowances

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