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China's Carbon Emissions from Fossil Fuels and Market-Based Opportunities for Control

Author

Listed:
  • Maximilian Auffhammer

    (Department of Agricultural and Resource Economics, University of California, Berkeley, California 94720
    National Bureau of Economic Research, Cambridge, Massachusetts 02138)

  • Yazhen Gong

    (School of Environment and Natural Resources, Renmin University of China, Beijing 100872, China)

Abstract

In this article, we first review the history of carbon dioxide (CO2) emissions from the combustion of fossil fuels for the People’s Republic of China (China). As Chinese regulators have announced efforts to directly regulate CO2 emissions, we review the history of institutions charged with climate regulation in China. Next we review China’s existing market-based approaches to emission control in the form of the world’s largest effluent fee system for air and water pollutants as well as seven pilot carbon markets. We conclude with a discussion of the issues and challenges ahead in adopting market-based instruments to regulate CO2 emissions in China.

Suggested Citation

  • Maximilian Auffhammer & Yazhen Gong, 2015. "China's Carbon Emissions from Fossil Fuels and Market-Based Opportunities for Control," Annual Review of Resource Economics, Annual Reviews, vol. 7(1), pages 11-34, October.
    • Handle: RePEc:anr:reseco:v:7:y:2015:p:11-34
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    File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev-resource-091912-151803
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    Citations

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    Cited by:

    1. Burke, Paul J. & Liao, Hua, 2015. "Is the price elasticity of demand for coal in China increasing?," China Economic Review, Elsevier, vol. 36(C), pages 309-322.
    2. Mei Lu & Michael G. Pollitt & Ke Wang & Yi-Ming Wei, 2023. "The incremental impact of China’s carbon trading pilots," Working Papers EPRG2316, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    3. Sun, Chuanwang & Ding, Dan & Fang, Xingming & Zhang, Huiming & Li, Jianglong, 2019. "How do fossil energy prices affect the stock prices of new energy companies? Evidence from Divisia energy price index in China's market," Energy, Elsevier, vol. 169(C), pages 637-645.

    More about this item

    Keywords

    China; carbon emissions; pollution regulation; climate change; market-based instruments;
    All these keywords.

    JEL classification:

    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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