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International Carbon Market and Its Impacts on CO2 Emission Abatement

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Energy Economics: CO2 Emissions in China

Abstract

The entry into force of the “Kyoto Protocol” means not only the start of legal binding of greenhouse gas emission reduction goals and duties on industrialized countries, but also the beginning of greenhouse gas emission reductions via market mechanism. Global carbon markets have been primarily established so far and can be divided into quota based markets and project based markets. Quota based carbon markets are represented by the CO2 emission trading scheme of EU, while project based carbon markets are mainly the CDM project markets and JI project markets. Carbon market plays an important role in CO2 emission reductions, decrease of emission reduction cost, publicity of emission reduction policy, carbon financing and promotion of low carbon development.

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Author information

Authors and Affiliations

  1. School of Management and Economics, Beijing Institute of Technology, No.5 South Zhongguancun Street, Haidian District, Beijing, 100081, China

    Yuejun Zhang

  2. Institute of Policy and Management, Chinese Academy of Sciences, 55th. Zhongguancun East Road, Beijing, 100190, China

    Kai Wang

  3. School of Management and Economics, Beijing Institute of Technology, No.5 South Zhongguancun Street, Haidian District, Beijing, 100081, China

    Yiming Wei

  4. Center for Climate and Environmental Policy, Chinese Academy of Environmental Planning Ministry of Environmental Protection of the People’s Republic of China, Beijing, 100012, China

    Lancui Liu

Authors
  1. Yuejun Zhang
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  2. Kai Wang
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  3. Yiming Wei
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  4. Lancui Liu
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Editor information

Editors and Affiliations

  1. Center for Energy and Environmental Policy Research Beijing Institute of Technology School of Management and Economics, Beijing Institute of Technology, Beijing, 100081, China

    Yiming Wei

  2. Institute of Policy and Management, Chinese Academy of Sciences, Beijing, 100190, China

    Gang Wu  & Lele Zou  & 

  3. Center for Climate and Environmental Policy Chinese Academy of Environmental Planning, Ministry of Environmental Protection of the People’s Republic of China, Beijing, 100012, China

    Lancui Liu

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© 2011 Science Press Beijing and Springer-Verlag Berlin Heidelberg

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Zhang, Y., Wang, K., Wei, Y., Liu, L. (2011). International Carbon Market and Its Impacts on CO2 Emission Abatement. In: Wei, Y., Wu, G., Liu, L., Zou, L. (eds) Energy Economics: CO2 Emissions in China. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-13847-8_9

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