The Interplay Between China’s Regulated and Voluntary Carbon Markets and Its Influence on Renewable Energy Development—A Literature Review DOI Creative Commons
Florentina Paraschiv,

H. Schmid,

Michael B. Schmitz

et al.

Energies, Journal Year: 2024, Volume and Issue: 17(22), P. 5587 - 5587

Published: Nov. 8, 2024

This is the first review study that focuses on interplay between China’s regulated and voluntary carbon markets, Emissions Trading System (ETS), China Certified Emission Reduction (CCER) scheme, their combined influence development of renewable energy in country. Through a comparative literature 52 peer-reviewed academic papers published 2009 2024, this aims to elucidate how these market mechanisms interact drive deployment. The findings indicate both ETS CCER system positively affect landscape. ETS, with its Cap-and-Trade (CaT) mechanism, sets cap total emissions allows for trading emission quotas, thereby creating financial incentives companies reduce invest energy. scheme complements by allowing use capped share certificates, whereby lower price diverts investments where saved ton CO2 cheapest, further incentivizing dual mechanism more flexible cost-effective approach achieving reduction targets, fostering an environment conducive investment It will stimulate additional projects long run, particularly economically underdeveloped regions, contributing local economic national targets.

Language: Английский

The Interplay Between China’s Regulated and Voluntary Carbon Markets and Its Influence on Renewable Energy Development—A Literature Review DOI Creative Commons
Florentina Paraschiv,

H. Schmid,

Michael B. Schmitz

et al.

Energies, Journal Year: 2024, Volume and Issue: 17(22), P. 5587 - 5587

Published: Nov. 8, 2024

This is the first review study that focuses on interplay between China’s regulated and voluntary carbon markets, Emissions Trading System (ETS), China Certified Emission Reduction (CCER) scheme, their combined influence development of renewable energy in country. Through a comparative literature 52 peer-reviewed academic papers published 2009 2024, this aims to elucidate how these market mechanisms interact drive deployment. The findings indicate both ETS CCER system positively affect landscape. ETS, with its Cap-and-Trade (CaT) mechanism, sets cap total emissions allows for trading emission quotas, thereby creating financial incentives companies reduce invest energy. scheme complements by allowing use capped share certificates, whereby lower price diverts investments where saved ton CO2 cheapest, further incentivizing dual mechanism more flexible cost-effective approach achieving reduction targets, fostering an environment conducive investment It will stimulate additional projects long run, particularly economically underdeveloped regions, contributing local economic national targets.

Language: Английский

Citations

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