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role of china in global carbon market
Author(s): 
Pages: 93-104
Year: Issue:  5
Journal: China & World Economy

Keyword:  GetLinkList(KeywordFilter('China clean development mechanism global carbon market sustainable development')'kw''CJFQ');
Abstract: The use of market-based mechanisms is a cost-effective way to reduce carbon emissions. The present paper reviews the global carbon market, focusing mainly on its structure and price features, and analyzes the role of China in the global carbon market. China is playing a leading role in the pursuit of sustainable development, which can account for its lagging behind in the Clean Development Mechanism. The paper discusses the opportunities and challenges for China undertaking the Clean Development Mechanism project in the future.
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