China's national emissions trading scheme (ETS) is expected to be operational in 2017. Effectively addressing regional disparities at the provincial level in allowance allocation will greatly affect the acceptance of the allocation approach and thus deserves careful consideration. This article aims to explore possible approaches for addressing regional disparities, by introducing regional adjustment factors (RAF) in free allowance allocation. Based on the principle of ‘national unified rules?+?stricter adjustment by provincial authorities’, four single factorial and three multi-factorial methods are proposed to calculate the RAFs, through a normalization process. These methods are associated with the most acknowledged factors dealing with regional disparities, including per-capita GDP; per-capita CO2 emissions; industrial sector contribution to GDP; economy-wide emissions control targets and CO2 emissions per unit GDP, per unit power and heat output and per unit industrial added value. A comparative analysis is made for the seven methods, in regard to value distribution and level of matching regional political demand.Key policy insights
‘Allowing stricter regional adjustment’ represents a dominant feature for China's national ETS, which aims to address regional disparities and government demands.
How the adjustment plan is designed will have a major influence on the operation of the national ETS and regional business competitiveness. Provincial governments need to consider the trade-off between auction revenue and local business competitiveness.
Applying the different methods leads to more scattered results for some regions, for whom the choice of adjustment approach will therefore have a greater impact.
Based on the analysis, four adjustment methods that generate similar results – the per-capita GDP-based method, the intensity reduction target-based method, the 12th FYP target-based method and intensity-based grandfathering – are recommended for most provincial-level regions, with some exceptions.
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Kangding geothermal area is located in the western Sichuan, belonging to southeastern margin of Tibetan Plateau. Similar to world-renowned south Tibetan and western Yunnan geothermal belt, western Sichuan has intensive surface thermal manifestations including boiling and hot springs. The emerging temperature of thermal waters ranges from 47 to 79 °C with total dissolved solids lying between 899 and 2550 mg/L. δ2H–δ18O isotopes indicate a meteoric source for the thermal waters and a significant positive oxygen-18 shift in the southern region. It is suggested that southern thermal waters experienced stronger water–rock interaction and are closer to thermodynamic equilibrium, which is also proved by the water type classification. The reservoir temperature calculated by empirical and theoretical chemical thermometry is 180–225 °C for the north and 225–310 °C for the south. Evidences of hydrogeochemistry, stable isotopes, geothermometry and radiocarbon dating indicate that southern region of Kangding area shows greater geothermal potential than the northern region. In addition, based on the hydrogeochemical modeling of mineral saturation, underlying problem of scaling is likely to occur in the study area. According to the results of reservoir temperature, south Kangding sub-district has greater potential in geothermal power generation and development than northern Kangding. Therefore, further exploration and drilling work should give priority to the south Kangding area. 相似文献