Upon completion, China’s national emissions trading scheme (C-ETS) will be the largest carbon market in the world. Recent research has evaluated China’s seven pilot ETSs launched from 2013 on, and academic literature on design aspects of the C-ETS abounds. Yet little is known about the specific details of the upcoming C-ETS. This article combines currently understood details of China’s national carbon market with lessons learned in the pilot schemes as well as from the academic literature. Our review follows the taxonomy of Emissions Trading in Practice: A Handbook on Design and Implementation (Partnership for Market Readiness & International Carbon Action Partnership. (2016). Retrieved from www.worldbank.org): The 10 categories are: scope, cap, distribution of allowances, use of offsets, temporal flexibility, price predictability, compliance and oversight, stakeholder engagement and capacity building, linking, implementation and improvements.
Key policy insights
Accurate emissions data is paramount for both design and implementation, and its availability dictates the scope of the C-ETS.
The stakeholder consultative process is critical for effective design, and China is able to build on its extensive experience through the pilot ETSs.
Current policies and positions on intensity targets and Clean Development Mechanism (CDM) credits constrain the market design of the C-ETS.
Most critical is the nature of the cap. The currently discussed rate-based cap with ex post adjustment is risky. Instead, an absolute, mass-based emissions cap coupled with the conditional use of permits would allow China to maintain flexibility in the carbon market while ensuring a limit on CO2 emissions.
Integrity monitoring for ambiguity resolution is of significance for utilizing the high-precision carrier phase differential positioning for safety–critical navigational applications. The integer bootstrap estimator can provide an analytical probability density function, which enables the precise evaluation of the integrity risk for ambiguity validation. In order to monitor the effect of unknown ambiguity bias on the integer bootstrap estimator, the position-domain integrity risk of the integer bootstrapped baseline is evaluated under the complete failure modes by using the worst-case protection principle. Furthermore, a partial ambiguity resolution method is developed in order to satisfy the predefined integrity risk requirement. Static and kinematic experiments are carried out to test the proposed method by comparing with the traditional ratio test method and the protection level-based method. The static experimental result has shown that the proposed method can achieve a significant global availability improvement by 51% at most. The kinematic result reveals that the proposed method obtains the best balance between the positioning accuracy and the continuity performance. 相似文献
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