China
Emissions Trading in California: Lessons for China
A New UCLA Report for Chinese Regulators and Researchers
We are pleased to announce the release of a new UCLA Law Emmett Institute of Climate Change & Environment report on Emissions Trading in California: Lessons for China. As many of you know, China launched trading for its national greenhouse gas (GHG) emissions trading system (ETS) in 2021. By volume of emissions, the Chinese system …
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CONTINUE READINGGoverning 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 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 READINGThe Year Ahead
Nine key developments to watch for on the environmental front.
2020 was a tumultuous year. Hopefully, 2021 will be balmier. Widespread use of vaccines will hopefully tame the COVID-19 pandemic, and maybe the political world will settle down a bit too. Here are nine key things to watch for in terms of environmental policy. The Georgia runoff elections. Currently, the Republicans look likely to control …
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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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