NDLI: Research on the initial allocation of carbon emission quotas: evidence from China

Content Provider	Springer Nature Link
Author	Hu, Yu Jie Han, Rong Tang, Bao Jun
Copyright Year	2016
Abstract	In November 2015, China government announced that the national carbon emissions trading market is expected to start in 2017. Carbon emission trading system is a raising concern from day to day, in which the allocation of carbon quotas has the closest relationship with trading units directly determining the cost of carbon trading. Initial allowance allocation is fundamental, but it proposes difficulty in terms of the trading mechanism design. This paper is based on the total control principle of national layout, in which the government sets up the cap of emissions in the carbon emissions trading system and focuses on the historical emission allocation concept from the perspective of fairness and history responsibility meaning that the allocation of quota in the future is based on the historical emissions. Firstly, we carry out comparative analysis based on the economy development and the emissions of 31 provinces and cities in China and select the sign-post province, Hebei. Secondly, we take the sign-post province as benchmarking and compare the benchmarking with the other provinces on the economy to set three quota situations of different initial years. Finally, we conduct quota calculation of residual carbon dioxide of various provinces by the end of 2020 and provide the specific quota calculation plans under different situations. The result of quota indicates: Most provinces still have more or less surplus to reallocate by the end of 2020; some provinces and cities have developing economy at expense of large emission and old industrial area with high energy consumption and high coal demand are in the shortage of future emission space; for the developed areas, the earlier emissions accounting is not good for their owning surplus; the earlier the years we select as the starting to account the quota, the greater the reductions space we will have. Meanwhile, we carry out testing of the feasibility of self-providing quota plans. These results may provide corresponding policy advice for China.
Starting Page	1189
Ending Page	1208
Page Count	20
File Format	PDF
ISSN	0921030X
Journal	Natural Hazards
Volume Number	85
Issue Number	2
e-ISSN	15730840
Language	English
Publisher	Springer Netherlands
Publisher Date	2016-10-19
Publisher Place	Dordrecht
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Carbon emissions trading Total control Initial allocation Long-term fair Natural Hazards Hydrogeology Geophysics/Geodesy Geotechnical Engineering & Applied Earth Sciences Civil Engineering Environmental Management
Content Type	Text
Resource Type	Article
Subject	Atmospheric Science Water Science and Technology

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