China
Governing Emissions Trading in California and China
Two new policy reports from an international research collaboration consider the design and implementation of emissions trading systems in China and California
Carbon markets are at a crossroads. As of 2021, 30 emissions trading systems were in force globally, covering 16–17% of global greenhouse gas (GHG) emissions. Last year, climate negotiators in Glasgow finalized the Paris Agreement rulebook for international cooperation through carbon markets, clearing the way for the expansion of emissions trading and carbon pricing worldwide. …
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CONTINUE READING2021: The Year in Review
After the dark days of the Trump Era, environmental policy had a very good year
The continuing pandemic sometimes makes it feel like time is frozen. But 2021 was a big year for environmental policy. Politics. The biggest news of 2021, for the environment as well as other reasons, was the replacement of Donald Trump by Joseph Biden. On the regulatory front, the change in White House control instantly stopped …
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CONTINUE READINGMaking Sense of the US-China Joint Glasgow Declaration
One small step for climate action, one modest leap for US-China relations
Yesterday, China and the US announced a “Joint Glasgow Declaration on Enhancing Climate Action in the 2020s” (En/Ch) What to make of it? The short answer is that it only offers slight forward progress on climate action. Increased climate ambition from China and US in the short-term remains the critical metric and in this regard …
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CONTINUE READINGIs China Doing Enough on Climate Change? COP26 Version
Chinese leaders have an opportunity to increase ambition and clarify the country’s climate plans
As COP26 kicks off in Glasgow, Scotland this week, the world is confronted with a basic reality. Current national climate pledges fall well-short of the Paris Agreement goal to keep global average temperature increase this century well below 2°C and to pursue efforts to limit temperature increase to 1.5°C above pre-industrial levels. The UN’s 2021 …
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CONTINUE READINGMajor International Climate Developments
China and the EU took important steps forward this week.
This week has seen some big climate moves on opposite sides of the world. The EU has proposed a major new climate plan. Meanwhile, China is ready to go live with its emissions trading system. The U.S. is at risk of being left behind. The EU’s proposal is impressive. The goal is to cut net …
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CONTINUE READINGChina’s New 2060 Carbon Neutrality Target
New climate pledges from China and the EU make the U.S. the only jurisdiction among the top three emitters without a carbon neutrality target
The biggest climate policy announcement of the week was not California Gov. Newsom’s Executive Order to ban the in-state sale of gas-powered passenger cars and trucks by 2035, although this move is a major advance for climate policy. Rather, the most important climate news was China’s announcement of an “aim” of achieving carbon neutrality by …
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CONTINUE READINGLet’s Talk Coordinated Governance
Chinese policymakers learn from California’s pioneering work on air and climate regulation.
We are pleased to announce the launch of a new report on Coordinated Governance of Air and Climate Pollutants: Lessons from the California Experience – authored by me, David Pettit at NRDC, and Siyi Shen. The report is an effort to introduce California’s experience in air and climate regulation to Chinese regulators and researchers. In …
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CONTINUE READINGNext Steps in U.S.-China Environmental Cooperation
Pressing Both Countries Toward Carbon Neutrality.
U.S.-China relations are perhaps at their lowest point in decades and there is no end in sight at the moment. Each week brings a barrage of new U.S. federal policy measures aimed at China. Against this backdrop, ChinaFile recently asked a group of China experts to opine on the prospects for U.S.-China relations in coming …
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CONTINUE READINGChina’s Distinctive Approach to Emissions Trading
It’s getting harder for the U.S. to use Chinese inaction as an excuse.
China’s emissions trading program is slowly forward toward implementation. It’s by no means a perfect program, but it should result in significant emissions reductions. The Chinese program has some features that make it less cost-effective. Nonetheless, researchers at RFF concluded that the climate benefits will be three times the cost of emission reductions. They didn’t …
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CONTINUE READINGGreen Stimulus?
Why so many coal plants are still being built in China.
During this Earth Week, it is encouraging to see glimmers of environmental ambition in various jurisdictions around the world. The EU is rolling out a European Green Deal with the goal of “striving to be the first climate-neutral continent.” South Korea, the world’s 7th largest greenhouse gas (GHG) emitter, recently announced a 2050 net zero …
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