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.
The application of the saddlepoint approximation to reliability analysis of dynamic systems is investigated. The failure event in reliability problems is formulated as the exceedance of a single performance variable over a prescribed threshold level. The saddlepoint approximation technique provides a choice to estimate the cumulative distribution function (CDF) of the performance variable. The failure probability is obtained as the value of the complement CDF at a specif ied threshold. The method requires computing the saddlepoint from a simple algebraic equation that depends on the cumulant generating function (CGF) of the performance variable. A method for calculating the saddlepoint using random samples of the performance variable is presented. The applicable region of the saddlepoint approximation is discussed in detail. A 10-story shear building model with white noise excitation illustrates the accuracy and effi ciency of the proposed methodology. 相似文献
Being a key ecological security barrier and production base for grassland animal husbandry in China,the balance between grassland forage supply and livestock-carrying pressure in North China directly affects grassland degradation and restoration,thereby impacting grassland ecosystem services.This paper analyzes the spatiotemporal variation in grassland vegetation coverage,forage supply,and the balance between grassland forage supply and livestock-carrying pressure from 2000 to 2015 in North China.We then discuss the spatial pattern of grassland ecological conservation under the impacts of grassland degradation and restoration,and livestock-carrying pressure.Over the last 16 years,the total grassland area in North China decreased by about 16,000 km2,with vegetation coverage degraded by 6.7% of the grasslands but significantly restored by another 5.4% of grasslands.The provisioning of forage by natural grassland mainly increased over time,with an annual growth rate of approximately 0.3 kg/ha,but livestock-carrying pressure also increased continuously.The livestock-carrying pressure index without any supplementary feeding reached as high as 3.8.Apart from the potential livestock-carrying capacity in northeastern Inner Mongolia and the central Tibetan Plateau,most regions in North China are currently overloaded.Considering the actual supplementary feeding during the cold season,the livestock-carrying pressure index is about 3.1,with the livestock-carrying pressure mitigated in central and eastern Inner Mongolia.Assuming full supplementary feeding in the cold season,livestock-carrying pressure index will fall to 1.9,with the livestock-carrying pressure alleviated significantly in Inner Mongolia and on the Tibetan Plateau.Finally,we propose different conservation and development strategies to balance grassland ecological conservation and animal husbandry production in different regions of protected areas,pastoral areas,farming-pastoral ecotone,and farming areas,according to the grassland ecological protection patterns. 相似文献
Based on new and existing data on oxygen isotopes, alkenone-surface seawater temperature trends, planktonic foraminifers,
lithology, and clay mineral composition of piston cores, a distinct cooling event has been identified around 8,200 cal a b.p. in the middle Okinawa Trough, northwest Pacific. This corresponds to the 8,200 a b.p. cooling event recorded in many places of the Northern Hemisphere. During this event, the local temperature decreased by
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further credibility to the contention that we are dealing here with a global phenomenon. 相似文献