China's march toward a low-carbon economy and establishing a global energy network will bring more opportunities than risks. The commitment of a nation-wide carbon market will make China's intentions clear to businesses and investor about its shift to a low-carbon economy.
Chinese President Xi Jinping made his commitment to introduce a nationwide cap and trade program to limit greenhouse gas emissions. However, the effectiveness of the emissions trading system, now being used by seven Chinese cities, will hinge on how the system is designed and implemented.
"We can applaud its announced commitment to carbon trading, but we should be forewarned: Cap-and-trade is a tool lifted from a very different system of governance. Carbon trading in China may be an experiment the world cannot afford," writes Ruth Greenspan Bell.
While many cheered the announcement of China’s “cap and trade” program, there is some concern over whether or not it can work. Ruth Greenspan Bell comments.
CEF Director Jennifer Turner discusses China's newly-announced carbon trading system, examining issue areas and its role in U.S.-China Climate Agreement.
CEF Director Jennifer Turner Quoted in Xinhua News on Recent U.S.-China Commitments to November 2014 Climate AgreementSep 28, 2015
Commitments from China and the United States, the world's two largest economies, injected fresh energy into the battle against climate change, while bolstering prospects for an ambitious pact in Paris later this year, environmental experts said.
China Environment Forum Director, Jennifer Turner, comments on China’s “cap and trade program” announcement.
CEF Director Jennifer Turner Quoted in U.S. News & World Report Article on China's Commitment to Reducing Carbon EmissionsSep 25, 2015
Chinese President Xi Jinping’s state visit to the White House on Thursday may seem like just another in a long line of general diplomatic meetings where much is discussed but little is resolved. But behind closed doors the Obama administration has built a stable diplomatic relationship with China that shows no signs of collapsing, experts say, even as the discussion between the two superpowers becomes increasingly blunt.
China is entering a new era of energy and environmental laws aimed at clearing the air while ratcheting down carbon pollution. At a CEF meeting on 9/11, policy analysts and environmental activists working on Chinese energy issues praised a new air pollution law aimed at restricting various forms of smog. But, they argued, while China is increasingly serious about tackling the twin challenges of climate change and air pollution, the government needs still more tools to restrict the growth of coal.