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Role of China in Global Carbon Market
Author(s) -
Zhuang Guiyang
Publication year - 2006
Publication title -
china and world economy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.815
H-Index - 28
eISSN - 1749-124X
pISSN - 1671-2234
DOI - 10.1111/j.1749-124x.2006.00036.x
Subject(s) - lagging , china , carbon market , clean development mechanism , sustainable development , mechanism (biology) , carbon finance , zhàng , market mechanism , economics , natural resource economics , business , carbon fibers , greenhouse gas , international economics , market economy , political science , ecology , medicine , philosophy , epistemology , pathology , composite number , law , biology , materials science , composite material
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. (Edited by Zhinan Zhang)