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.
Well che89, located in the Chepaizi area in the northwest margin of Junggar basin, acquires high production industrial oil flow, which is an important breakthrough in the exploration of the south foreland slope area of Junggar basin. The Chepaizi area is near two hydrocarbon generation depressions of Sikeshu and Shawan, which have sets of hydrocarbon source rock of Carboniferous to Jurassic as well as Upper Tertiary. Geological and geochemical parameters are proper for the accumulation of mixed source crude oil. Carbon isotope, group composition and biomarkers of crude oil in Upper Tertiary of well Che89 show that the features of crude oil in Upper Tertiary Shawan Formation are between that of Permian and Jurassic, some of them are similar to these two, and some are of difference, they should be the mixed source of Permian and Jurassic. Geochemical analysis and geological study show that sand extract of Lower Tertiary Wulunguhe Formation has the same source as the crude oil and sand extract of Upper Tertiary Shawan Formation, but they are not charged in the same period. Oil/gas of Wulunguhe Formation is charged before Upper Tertiary sedimentation, and suffered serious biodegradation and oxidation and rinsing, which provide a proof in another aspect that the crude oil of Upper Tertiary Shawan Formation of well Che89 is not from hydrocarbon source rock of Lower Tertiary.
Late Permian-Early Triassic (P2-T1) volcanic rocks distributed on the eastern side of ocean-ridge and oceanic-island basalts in the Nan-Uttaradit zone were
analyzed from aspects of petrographic characteristics, rock assemblage, REE, trace elements, geotectonic setting, etc., indicating
that those volcanic rocks possess the characteristic features of island-arc volcanic rocks. The volcanic rock assemblage is
basalt-basaltic andesite-andesite. The volcanic rocks are sub-alkaline, dominated by calc-alkaline series, with tholeiite
series coming next. The chemical composition of the volcanic rocks is characterized by low TiO2 and K2O and high Al2O3 and Na2O. Their REE patterns are of the flat, weak LREE-enrichment right-inclined type. The trace elements are characterized by the
enrichment of large cation elements such as K, Rb and Ba, common enrichment of U and Th, and depletion of Nb, Ta, Zr and Hf.
The petrochemical plot falls within the field of volcanic rocks, in consistency with the plot of island-arc volcanic rocks
in the Jinsha River zone of China. This island-arc volcanic zone, together with the ocean-ridge/oceanic island type volcanic
rocks in the Nan-Uttaradit zone, constitutes the ocean-ridge volcanic rock-island-arc magmatic rock zones which are distributed
in pairs, indicating that the oceanic crust of the Nan-Uttaradit zone once was of eastward subduction. This work is of great
significance in exploring the evolution of paleo-Tethys in the Nan-Uttaradit zone. 相似文献
The quartz vein-type gold deposits are widely hosted by the Neoproterozoic (Xiajiang Group) epimeta- morphic clastic rock series in southeastern Guizhou Province, China. The Zhewang gold deposit studied in this paper occurs in the second lithologieal member of the Pinglue Formation of the Xiajiang Group. Trace element geochemis- try of host rocks, quartz veins and arsenopyrite has revealed that ore-forming fluid was enriched in sulphophile ele- ments such as Au, Ag, As, Sb, Pb and Zn, and simultaneously concentrated some magmaphile elements such as W and Mo, which probably provides some evidence for multi-stage mineralization or overprinting of magmatic hydro- therm. Quartz veins and arsenopyrite were characterized by depletion in HFSE and enrichment in LREE. Hf/Sm, Nb/La and Th/La imply that the ore-forming fluid was probably a NaC1-H20 solution system enriched in more C1 than F; Th/U values reflect the strong reducibility of the ore-forming fluid, coincident with the sulfide assemblages. The values of Co/Ni reflect that magmatic fluids may have partly participated in the ore-forming process and Y/Ho values have proved that the ore-forming fluid was associated with metamorphism and exotic hydrotherm which has reformed former quartz veins during late mineralization. The concentrations of REE, Eu anomalies and Ce anomalies of this deposit display that ore-forming elements mainly were derived from host rocks and possibly from a mixed deep source, and the ore-forming fluid was mixed by dominant metamorphic fluid and minor other sources. The physical-chemical conditions of ore-forming fluid changed from the initial stage to the late stage. The metamorphic fluid is responsible for the mineralization. Therefore, the Zhewang gold deposit is classified as a quartz vein-type gold deposit which may have been reformed by magmatic fluids during the late stage. 相似文献