메뉴 건너뛰기




Volumn 16, Issue 1, 2016, Pages 109-124

Challenges to the development of carbon markets in China

Author keywords

carbon market; China; climate governance; developing country; emission trading; political economy

Indexed keywords

CARBON EMISSION; DEVELOPING WORLD; EMISSIONS TRADING; ENVIRONMENTAL ECONOMICS; ENVIRONMENTAL POLICY; POLICY MAKING;

EID: 84952299978     PISSN: 14693062     EISSN: 17527457     Source Type: Journal    
DOI: 10.1080/14693062.2014.991907     Document Type: Article
Times cited : (111)

References (65)
  • 3
    • 42449152664 scopus 로고    scopus 로고
    • Accumulation by decarbonization and the governance of carbon offsets
    • A.G.Bumpus,, & D.M.Liverman, (2008). Accumulation by decarbonization and the governance of carbon offsets. Economic Geography, 84(2), 127–155. doi:10.1111/j.1944-8287.2008.tb00401.x
    • (2008) Economic Geography , vol.84 , Issue.2 , pp. 127-155
    • Bumpus, A.G.1    Liverman, D.M.2
  • 4
    • 77953686086 scopus 로고    scopus 로고
    • Environmental regulations and emissions trading in China
    • Y.C.Chang,, & N.Wang, (2010). Environmental regulations and emissions trading in China. Energy Policy, 38, 3356–3364. doi: 10.1016/j.enpol.2010.02.006
    • (2010) Energy Policy , vol.38 , pp. 3356-3364
    • Chang, Y.C.1    Wang, N.2
  • 5
    • 85022217870 scopus 로고    scopus 로고
    • Permit allocations uncertain, carbon exchanges not yet through bottleneck, 23 November. Retrieved from (in Chinese
    • China Business News. (2011). Permit allocations uncertain, carbon exchanges not yet through bottleneck, 23 November. Retrieved from http://www.yicai.com/news/2011/11/1219852.html (in Chinese).
    • (2011)
  • 6
    • 77955407230 scopus 로고    scopus 로고
    • Cold climate in Copenhagen: China and the United States at COP15
    • P.Christoff, (2010). Cold climate in Copenhagen: China and the United States at COP15. Environmental Politics, 19, 637–656. doi: 10.1080/09644016.2010.489718
    • (2010) Environmental Politics , vol.19 , pp. 637-656
    • Christoff, P.1
  • 7
    • 58149109007 scopus 로고    scopus 로고
    • Assessing the impact of regulatory reforms on China's electricity generation industry
    • L.Du,, J.Mao,, & J.Shi, (2009). Assessing the impact of regulatory reforms on China's electricity generation industry. Energy Policy, 37, 712–720. doi:10.1016/j.enpol.2008.09.083
    • (2009) Energy Policy , vol.37 , pp. 712-720
    • Du, L.1    Mao, J.2    Shi, J.3
  • 9
    • 84882016869 scopus 로고    scopus 로고
    • The economics of climate change in China: An overview of the possible
    • Fan G., Stern N., Edenhofer O., Xu S., Eklund K., Ackerman F., Hallding K., (eds), London: Earthscan
    • G.Fan,, N.Stern,, O.Edenhofer,, S.Xu,, K.Eklund,, F.Ackerman,, … K.Hallding, (2011). The economics of climate change in China: An overview of the possible. In G.Fan, N.Stern, O.Edenhofer, S.Xu, K.Eklund, F.Ackerman, … K.Hallding (Eds.), The economics of climate change in China: Towards a low-carboneconomy (pp. 1–65). London: Earthscan.
    • (2011) The economics of climate change in China: Towards a low-carboneconomy , pp. 1-65
    • Fan, G.1    Stern, N.2    Edenhofer, O.3    Xu, S.4    Eklund, K.5    Ackerman, F.6    Hallding, K.7
  • 10
    • 85022179142 scopus 로고    scopus 로고
    • April, Carbon trading: A good idea is going through a bad patch. The European Financial Review, pp. 32–35
    • S.Fankhauser, (2011, April). Carbon trading: A good idea is going through a bad patch. The European Financial Review, pp. 32–35.
    • (2011)
    • Fankhauser, S.1
  • 11
    • 84859340958 scopus 로고    scopus 로고
    • Authoritarian environmentalism and China's response to climate change
    • B.Gilley, (2012). Authoritarian environmentalism and China's response to climate change. Environmental Politics, 21(2), 287–307. doi:10.1080/09644016.2012.651904
    • (2012) Environmental Politics , vol.21 , Issue.2 , pp. 287-307
    • Gilley, B.1
  • 12
    • 84870266509 scopus 로고    scopus 로고
    • Cap and trade finds new energy
    • M.Grubb, (2012). Cap and trade finds new energy. Nature, 491, 666–667.
    • (2012) Nature , vol.491 , pp. 666-667
    • Grubb, M.1
  • 13
    • 78651415611 scopus 로고    scopus 로고
    • Global carbon mechanisms: Lessons and implications
    • M.Grubb,, T.Laing,, T.Counsell,, & C.Willan, (2011). Global carbon mechanisms: Lessons and implications. Climatic Change, 104, 539–573. doi:10.1007/s10584-009-9791-z
    • (2011) Climatic Change , vol.104 , pp. 539-573
    • Grubb, M.1    Laing, T.2    Counsell, T.3    Willan, C.4
  • 14
    • 77954583528 scopus 로고    scopus 로고
    • China can offer domestic emission cap-and-trade in post 2012
    • D.Guan,, & K.Hubacek, (2010). China can offer domestic emission cap-and-trade in post 2012. Environmental Science & Technology, 44, 5327–5327. doi:10.1021/es101116k
    • (2010) Environmental Science & Technology , vol.44 , pp. 5327
    • Guan, D.1    Hubacek, K.2
  • 16
    • 84874938019 scopus 로고    scopus 로고
    • Policy experimentation and the emergence of domestic voluntary carbon trading in China
    • Y.Huang, (2013). Policy experimentation and the emergence of domestic voluntary carbon trading in China. East Asia, 30(1), 67–89. doi: 10.1007/s12140-013-9188-5
    • (2013) East Asia , vol.30 , Issue.1 , pp. 67-89
    • Huang, Y.1
  • 17
    • 84902080713 scopus 로고    scopus 로고
    • Paris: International Energy Agency
    • 2 emissions from fuel combustion – 2013 highlights. Paris: International Energy Agency.
    • (2013) highlights
  • 18
    • 84873313810 scopus 로고    scopus 로고
    • China's role in attaining the global 2 °C target
    • K.Jiang,, X.Zhuang,, R.Miao,, & C.He, (2013). China's role in attaining the global 2 °C target. Climate Policy, 13(Suppl. 1), 55–69. doi:10.1080/14693062.2012.746070
    • (2013) Climate Policy , vol.13 , pp. 55-69
    • Jiang, K.1    Zhuang, X.2    Miao, R.3    He, C.4
  • 19
    • 84952301448 scopus 로고    scopus 로고
    • Emissions trading in China: Principles, design options and lessons from international practice (CCEP Working Paper 1303, May 2013). Canberra: Crawford School of Public Policy, The Australian National University
    • F.Jotzo, (2013). Emissions trading in China: Principles, design options and lessons from international practice (CCEP Working Paper 1303, May 2013). Canberra: Crawford School of Public Policy, The Australian National University.
    • (2013)
    • Jotzo, F.1
  • 22
    • 84862589473 scopus 로고    scopus 로고
    • January, China's carbon tax is very real. China Dialogue. Retrieved from
    • A.Lin,, & F.Yang, (2012, January 27). China's carbon tax is very real. China Dialogue. Retrieved from http://www.chinadialogue.net/article/show/single/en/4742-China-s-carbon-tax-is-very-real
    • (2012) China's carbon tax is very real
    • Lin, A.1    Yang, F.2
  • 24
    • 84945489939 scopus 로고    scopus 로고
    • August, Data gaps hobble carbon trading. China Dialogue. Retrieved from
    • S.Liu,, & N.Xu, (2012, August 9). Data gaps hobble carbon trading. China Dialogue. Retrieved from http://www.chinadialogue.net/article/show/single/en/5093-Data-gaps-hobble-carbon-trading
    • (2012) Data gaps hobble carbon trading
    • Liu, S.1    Xu, N.2
  • 25
    • 77958524917 scopus 로고    scopus 로고
    • Active conflict or passive coherence: The political economy of climate change in China
    • A.Y.Lo, (2010). Active conflict or passive coherence: The political economy of climate change in China. Environmental Politics, 19, 1012–1017. doi: 10.1080/09644016.2010.518689
    • (2010) Environmental Politics , vol.19 , pp. 1012-1017
    • Lo, A.Y.1
  • 26
    • 84868115863 scopus 로고    scopus 로고
    • Carbon emission trading in China
    • A.Y.Lo, (2012). Carbon emission trading in China. Nature Climate Change, 2, 765–766. doi: 10.1038/nclimate1714
    • (2012) Nature Climate Change , vol.2 , pp. 765-766
    • Lo, A.Y.1
  • 27
    • 84872866744 scopus 로고    scopus 로고
    • Carbon trading in a socialist market economy: Can China make a difference?
    • A.Y.Lo, (2013). Carbon trading in a socialist market economy: Can China make a difference? Ecological Economics, 87, 72–74. doi: 10.1016/j.ecolecon.2012.12.023
    • (2013) Ecological Economics , vol.87 , pp. 72-74
    • Lo, A.Y.1
  • 28
    • 84893966838 scopus 로고    scopus 로고
    • Powered by the state or finance? The organization of China's carbon markets
    • A.Y.Lo,, & M.Howes, (2013). Powered by the state or finance? The organization of China's carbon markets. Eurasian Geography and Economics, 54(4), 386–408. doi:10.1080/15387216.2013.870794
    • (2013) Eurasian Geography and Economics , vol.54 , Issue.4 , pp. 386-408
    • Lo, A.Y.1    Howes, M.2
  • 30
    • 33645787975 scopus 로고    scopus 로고
    • Environment and modernity in transitional China: Frontiers of ecological modernization
    • A.P.J.Mol, (2006). Environment and modernity in transitional China: Frontiers of ecological modernization. Development and Change, 37(1), 29–56. doi:10.1111/j.0012-155X.2006.00468.x
    • (2006) Development and Change , vol.37 , Issue.1 , pp. 29-56
    • Mol, A.P.J.1
  • 31
    • 70449356829 scopus 로고    scopus 로고
    • Urban environmental governance innovations in China
    • A.P.J.Mol, (2009). Urban environmental governance innovations in China. Current Opinion in Environmental Sustainability, 1(1), 96–100. doi:10.1016/j.cosust.2009.07.002
    • (2009) Current Opinion in Environmental Sustainability , vol.1 , Issue.1 , pp. 96-100
    • Mol, A.P.J.1
  • 32
    • 84860999652 scopus 로고    scopus 로고
    • Carbon flows, financial markets and climate change mitigation
    • A.P.J.Mol, (2012). Carbon flows, financial markets and climate change mitigation. Environmental Development, 1(1), 10–24. doi: 10.1016/j.envdev.2011.12.003
    • (2012) Environmental Development , vol.1 , Issue.1 , pp. 10-24
    • Mol, A.P.J.1
  • 33
    • 84863954303 scopus 로고    scopus 로고
    • Information disclosure in environmental risk management: Developments in China
    • A.P.J.Mol,, G.He,, & L.Zhang, (2011). Information disclosure in environmental risk management: Developments in China. Journal of Current Chinese Affairs, 40(3), 163–192.
    • (2011) Journal of Current Chinese Affairs , vol.40 , Issue.3 , pp. 163-192
    • Mol, A.P.J.1    He, G.2    Zhang, L.3
  • 34
    • 84952301449 scopus 로고    scopus 로고
    • China's national climate change programme. Beijing: National Development and Reform Commission, People's Republic of China
    • NDRC. (2007). China's national climate change programme. Beijing: National Development and Reform Commission, People's Republic of China.
    • (2007)
  • 35
    • 84952301450 scopus 로고    scopus 로고
    • Notice on the commencement of carbon trading pilot projects. Beijing: National Development and Reform Commission, People's Republic of China
    • NDRC. (2011). Notice on the commencement of carbon trading pilot projects. Beijing: National Development and Reform Commission, People's Republic of China.
    • (2011)
  • 37
    • 84952299154 scopus 로고    scopus 로고
    • March, China: Final market readiness proposal. Presentation at the PMR Partnership Assembly, Washington, DC. Washington, DC: Partnership for Market Readiness
    • Partnership for Market Readiness. (2013, March 11). China: Final market readiness proposal. Presentation at the PMR Partnership Assembly, Washington, DC. Washington, DC: Partnership for Market Readiness.
    • (2013) China: Final market readiness proposal
  • 38
    • 77955367616 scopus 로고    scopus 로고
    • Legitimation and accumulation in climate change governance
    • M.Paterson, (2010). Legitimation and accumulation in climate change governance. New Political Economy, 15, 345–368. doi:10.1080/13563460903288247
    • (2010) New Political Economy , vol.15 , pp. 345-368
    • Paterson, M.1
  • 39
    • 84860711106 scopus 로고    scopus 로고
    • Who and what are carbon markets for? Politics and the development of climate policy
    • M.Paterson, (2012). Who and what are carbon markets for? Politics and the development of climate policy. Climate Policy, 12, 82–97. doi:10.1080/14693062.2011.579259
    • (2012) Climate Policy , vol.12 , pp. 82-97
    • Paterson, M.1
  • 40
    • 80052722303 scopus 로고    scopus 로고
    • Carbon trading: Current schemes and future developments
    • S.Perdan,, & A.Azapagic, (2011). Carbon trading: Current schemes and future developments. Energy Policy, 39, 6040–6054. doi:10.1016/j.enpol.2011.07.003
    • (2011) Energy Policy , vol.39 , pp. 6040-6054
    • Perdan, S.1    Azapagic, A.2
  • 41
    • 84888881118 scopus 로고    scopus 로고
    • Carbon tax needs thresholds to reach its full potential
    • J.C.V.Pezzey,, & F.Jotzo, (2013). Carbon tax needs thresholds to reach its full potential. Nature Climate Change, 3, 1008–1011. doi: 10.1038/nclimate2054
    • (2013) Nature Climate Change , vol.3 , pp. 1008-1011
    • Pezzey, J.C.V.1    Jotzo, F.2
  • 42
    • 77950492392 scopus 로고    scopus 로고
    • Clean Development Mechanism in China: Assessing the tension between development and curbing anthropogenic climate change
    • J.A.Sautter, (2009). Clean Development Mechanism in China: Assessing the tension between development and curbing anthropogenic climate change. Virginia Environmental Law Journal, 27(1), 91–118.
    • (2009) Virginia Environmental Law Journal , vol.27 , Issue.1 , pp. 91-118
    • Sautter, J.A.1
  • 43
    • 52149098181 scopus 로고    scopus 로고
    • Utilizing the Clean Development Mechanism for the deployment of renewable energies in China
    • M.Schroeder, (2009). Utilizing the Clean Development Mechanism for the deployment of renewable energies in China. Applied Energy, 86(2), 237–242. doi: 10.1016/j.apenergy.2008.04.019
    • (2009) Applied Energy , vol.86 , Issue.2 , pp. 237-242
    • Schroeder, M.1
  • 44
    • 0344962386 scopus 로고    scopus 로고
    • Carbon trading in the policy mix
    • S.Sorrell,, & J.Sijm, (2003). Carbon trading in the policy mix. Oxford Review of Economic Policy, 19, 420–437. doi:10.1093/oxrep/19.3.420
    • (2003) Oxford Review of Economic Policy , vol.19 , pp. 420-437
    • Sorrell, S.1    Sijm, J.2
  • 45
    • 84874127870 scopus 로고    scopus 로고
    • Carbon flows, carbon markets, and low-carbon lifestyles: Reflecting on the role of markets in climate governance
    • G.Spaargaren,, & A.P.J.Mol, (2013). Carbon flows, carbon markets, and low-carbon lifestyles: Reflecting on the role of markets in climate governance. Environmental Politics, 22(1), 174–193. doi:10.1080/09644016.2013.755840
    • (2013) Environmental Politics , vol.22 , Issue.1 , pp. 174-193
    • Spaargaren, G.1    Mol, A.P.J.2
  • 46
    • 84857557785 scopus 로고    scopus 로고
    • Australia's carbon tax: A sheep in wolf's clothing?
    • C.L.Spash,, & A.Y.Lo, (2012). Australia's carbon tax: A sheep in wolf's clothing? The Economic and Labour Relations Review, 23(1), 67–85. doi: 10.1177/103530461202300105
    • (2012) The Economic and Labour Relations Review , vol.23 , Issue.1 , pp. 67-85
    • Spash, C.L.1    Lo, A.Y.2
  • 47
    • 84886426585 scopus 로고    scopus 로고
    • Difficulties in accounting for private finance in international climate policy
    • M.Stadelmann,, A.Michaelowa,, & J.T.Roberts, (2013). Difficulties in accounting for private finance in international climate policy. Climate Policy, 13, 718–737. doi:10.1080/14693062.2013.791146
    • (2013) Climate Policy , vol.13 , pp. 718-737
    • Stadelmann, M.1    Michaelowa, A.2    Roberts, J.T.3
  • 49
    • 85022214711 scopus 로고    scopus 로고
    • Decision of the State Council to strengthen the discipline of various exchanges to avoid financial risks (2011 No. 38). Beijing: State Council
    • State Council. (2011a). Decision of the State Council to strengthen the discipline of various exchanges to avoid financial risks (2011 No. 38). Beijing: State Council.
    • (2011)
  • 50
    • 84952301452 scopus 로고    scopus 로고
    • The Twelfth Five-Year Plan for national economic and social development (in Chinese). Beijing: State Council, People's Republic of China
    • State Council. (2011b). The Twelfth Five-Year Plan for national economic and social development (in Chinese). Beijing: State Council, People's Republic of China.
    • (2011)
  • 51
    • 84952301453 scopus 로고    scopus 로고
    • Working plan for greenhouse gas control under the 12th Five-Year Plan (No. 41) (in Chinese). Beijing: State Council, People's Republic of China
    • State Council. (2011c). Working plan for greenhouse gas control under the 12th Five-Year Plan (No. 41) (in Chinese). Beijing: State Council, People's Republic of China.
    • (2011)
  • 52
    • 84952301454 scopus 로고    scopus 로고
    • China's macro policy of controlling greenhouse gas emission and exploration of market mechanism. Beijing: Department of Climate Change, National Development and Reform Commission, China. Presentation at the Partnership for Market Readiness's Meeting in March 2012. Retrieved from
    • C.Sun, (2012). China's macro policy of controlling greenhouse gas emission and exploration of market mechanism. Beijing: Department of Climate Change, National Development and Reform Commission, China. Presentation at the Partnership for Market Readiness's Meeting in March 2012. Retrieved from http://www.thepmr.org/country/china-0
    • (2012)
    • Sun, C.1
  • 53
    • 67649132838 scopus 로고    scopus 로고
    • Between market and state: Dilemmas of environmental governance in China's sulphur dioxide emission trading system
    • J.Tao,, & D.N.-Y.Mah, D. N.-y. (2009). Between market and state: Dilemmas of environmental governance in China's sulphur dioxide emission trading system. Environment and Planning C: Government and Policy, 27(1), 175–188. doi: 10.1068/c0768
    • (2009) Environment and Planning C: Government and Policy , vol.27 , Issue.1 , pp. 175-188
    • Tao, J.1    Mah, D.N.-Y.2
  • 55
    • 77954649155 scopus 로고    scopus 로고
    • The evolution of Chinese policies and governance structures on environment, energy and climate
    • S.Tsang,, & A.Kolk, (2010). The evolution of Chinese policies and governance structures on environment, energy and climate. Environmental Policy and Governance, 20(3), 180–196. doi:10.1002/eet.540
    • (2010) Environmental Policy and Governance , vol.20 , Issue.3 , pp. 180-196
    • Tsang, S.1    Kolk, A.2
  • 56
    • 84872550194 scopus 로고    scopus 로고
    • China has the capacity to lead in carbon trading
    • Q.Wang, (2013). China has the capacity to lead in carbon trading. Nature, 493, 273. doi: 10.1038/493273a
    • (2013) Nature , vol.493 , pp. 273
    • Wang, Q.1
  • 57
    • 84952301455 scopus 로고    scopus 로고
    • Recent development of Chinese ETS. Beijing: Department of Climate Change, National Development and Reform Commission, China. Presentation at the Partnership for Market Readiness's Meeting at Mexico City. Retrieved from
    • S.Wang, (2014). Recent development of Chinese ETS. Beijing: Department of Climate Change, National Development and Reform Commission, China. Presentation at the Partnership for Market Readiness's Meeting at Mexico City. Retrieved from http://www.thepmr.org/country/china-0
    • (2014)
    • Wang, S.1
  • 58
    • 84952301456 scopus 로고    scopus 로고
    • China: Design of domestic emissions trading scheme. Beijing: Presentation at the Partnership for Market Readiness's Meeting at Washington, DC. Retrieved from
    • S.Wang,, & M.Duan, (2013). China: Design of domestic emissions trading scheme. Beijing: Presentation at the Partnership for Market Readiness's Meeting at Washington, DC. Retrieved from http://www.thepmr.org/country/china-0
    • (2013)
    • Wang, S.1    Duan, M.2
  • 59
    • 84952301457 scopus 로고    scopus 로고
    • 2012 China climate finance report: Climate capital flow. Beijing: Central University of Finance and Economics and The Climate Group
    • Y.Wang,, Q.Liu,, & B.Chen, (2012). 2012 China climate finance report: Climate capital flow. Beijing: Central University of Finance and Economics and The Climate Group.
    • (2012)
    • Wang, Y.1    Liu, Q.2    Chen, B.3
  • 62
    • 84893957487 scopus 로고    scopus 로고
    • September, Domestic carbon exchanges blossom and most come at a loss. Retrieved from
    • Xinhua News Agency. (2011, September 28). Domestic carbon exchanges blossom and most come at a loss. Retrieved from http://news.xinhuanet.com/fortune/2011-09/28/c_122097917.htm
    • (2011) Domestic carbon exchanges blossom and most come at a loss
  • 64
    • 37349018248 scopus 로고    scopus 로고
    • Why has China not embraced a global cap-and-trade regime?
    • Z.Zhang, (2007). Why has China not embraced a global cap-and-trade regime? Climate Policy, 7, 166–170. doi: 10.1080/14693062.2007.9685646
    • (2007) Climate Policy , vol.7 , pp. 166-170
    • Zhang, Z.1
  • 65
    • 80052359235 scopus 로고    scopus 로고
    • Assessing China's carbon intensity pledge for 2020: Stringency and credibility issues and their implications
    • Z.Zhang, (2011). Assessing China's carbon intensity pledge for 2020: Stringency and credibility issues and their implications. Environmental Economics and Policy Studies, 13(3), 219–235. doi: 10.1007/s10018-011-0012-4
    • (2011) Environmental Economics and Policy Studies , vol.13 , Issue.3 , pp. 219-235
    • Zhang, Z.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.