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SUMMARY:Emissions Trading in California: Lessons for China
DESCRIPTION:As countries and subnational jurisdictions begin to orient their climate change policies toward mid-century carbon neutrality goals\, market measures have taken a prominent role in many emissions-reductions plans. However\, much of the scholarly work on the efficacy of carbon-pricing mechanisms\, and particularly emissions-trading systems\, has taken place in the realm of theoretical\, ex ante analysis. Whether the theoretical advantages of emissions trading hold in practice\, therefore\, remains a crucial question for the direction of climate policy. \nREGISTER HERE \nChina is one of the countries that is using emissions trading as a major prong of its climate strategy\, and its national tradable performance standard program\, launched last year\, accounts for nearly half of the greenhouse gas emissions subject to an emissions-trading system. California is one of the few jurisdictions with a relatively long period of experience in implementing an emissions-trading system that covers most greenhouse gasses emitted in the state. As China works on implementing and adjusting its system\, therefore\, it may be beneficial for it to consider some of the lessons learned by California regulators. \nJoin environmental policy experts from California and China for a webinar to address these issues and discuss findings from a forthcoming report from the UCLA Emmett Institute on Climate Change and the Environment and Energy Foundation China\, Emissions Trading in California: Lessons for China.
URL:https://sustain.ucla.edu/event/emissions-trading-in-california-lessons-for-china/
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