China Emission Trading Scheme: An Up-to-Date Analysis

Becoming the second largest carbon market after the EU ETS in the world, China steadily runs the pilot carbon emission trading markets for more than half year. Political and economical context with Chinese Characteristics cultivated a new market from previous EU ETS. Intensive enterprise compliance in June and July witnessed an examination on policy design and implementation. Do the answers test the real performance and satisfy with domestic policy makers, enterprises and the public? Anyway, insights from existing pilot markets will be useful for future national market also for other emerging regimes.