China's climate policy: market instruments and structural change
Event details
ACDE Seminar
Date & time
Tuesday 19 March 2013
2.00pm–3.30pm
Venue
Seminar Room B, Coombs Building, Fellows Road, ANU
Speaker
Frank Jotzo, ANU
Contacts
Additional links
Abstract: China has ambitious goals to limit the growth of greenhouse gas emissions. China’s energy and climate policy to date has relayed largely on a direct regulatory approach, but is now considering a national emissions trading scheme, or a carbon tax. As a first step, pilot emissions trading schemes are in preparation in cities and provinces with a combined population of more than 250 million people. A move towards market based policy instruments is significant, in a fast-growing economy where command and control approaches to policy have dominated, and where many aspects of energy pricing are heavily regulated. This paper examines policy design issues for national emissions pricing in China, in the light of economic principles, China’s circumstances and Australian and European experiences. It also looks at possible effects of low-carbon strategies on structural change and economic growth.
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