Player FM 앱으로 오프라인으로 전환하세요!
A Look Inside China's Emissions Trading System
Manage episode 414785758 series 1046357
China is the largest greenhouse gas emitter in the world, making its carbon abatement plans crucial to the future of global climate change mitigation. The country’s flagship climate goals aim to peak carbon levels by 2030 and achieve net-zero emissions by 2060 (“30-60 goals”). China has moved more slowly in developing its emissions trading system (ETS) than in other carbon abatement areas. 2021 marked the inception of China’s ETS, the largest carbon emissions market in the world. At the onset, the ETS showed promising returns, with close to $200 million tons of trading in the first transaction period (July-December 2021). However, over the past few years, China has moved slowly to expand the ETS to include more industries. Most recently, the government passed a new series of regulations that will strengthen the legitimacy of the market and authorize more penalties for companies that fabricate or fail to report their emissions.
On April 4, 2024, Michael Davidson joins Max Song and Xiaolu Zhao to discuss China’s emissions trading system and its implications for domestic and international climate goals.
Follow Max Song on X: @Pericarus
Follow Michael Davidson on X: @east_winds
Subscribe to the National Committee on YouTube for video of this interview. Follow us on Twitter (@ncuscr) and Instagram (@ncuscr).
224 에피소드
Manage episode 414785758 series 1046357
China is the largest greenhouse gas emitter in the world, making its carbon abatement plans crucial to the future of global climate change mitigation. The country’s flagship climate goals aim to peak carbon levels by 2030 and achieve net-zero emissions by 2060 (“30-60 goals”). China has moved more slowly in developing its emissions trading system (ETS) than in other carbon abatement areas. 2021 marked the inception of China’s ETS, the largest carbon emissions market in the world. At the onset, the ETS showed promising returns, with close to $200 million tons of trading in the first transaction period (July-December 2021). However, over the past few years, China has moved slowly to expand the ETS to include more industries. Most recently, the government passed a new series of regulations that will strengthen the legitimacy of the market and authorize more penalties for companies that fabricate or fail to report their emissions.
On April 4, 2024, Michael Davidson joins Max Song and Xiaolu Zhao to discuss China’s emissions trading system and its implications for domestic and international climate goals.
Follow Max Song on X: @Pericarus
Follow Michael Davidson on X: @east_winds
Subscribe to the National Committee on YouTube for video of this interview. Follow us on Twitter (@ncuscr) and Instagram (@ncuscr).
224 에피소드
모든 에피소드
×플레이어 FM에 오신것을 환영합니다!
플레이어 FM은 웹에서 고품질 팟캐스트를 검색하여 지금 바로 즐길 수 있도록 합니다. 최고의 팟캐스트 앱이며 Android, iPhone 및 웹에서도 작동합니다. 장치 간 구독 동기화를 위해 가입하세요.