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China’s Carbon Emission Trading: an Experiment to Watch Closely
This policy brief evaluates China's efforts to establish a domestic carbon trading system during its 12th Five-Year Plan (2011-2015). It describes the transition from top-down command-and-control measures to market-based instruments, highlighting the role of regional pilots and the Clean Development Mechanism (CDM) while identifying significant structural and administrative challenges to achieving a functional national system by 2016.
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Document type: Policy brief
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