Building a low carbon China through Coasean bargaining
Bibliographic Data
| ID | 11374694 |
|---|---|
| Authors | Lennon H T Choy (0000-0001-5690-9334, University of Hong Kong), Winky K O Ho (0000-0002-6333-2833, University of Hong Kong, corresponding author) |
| Year | 2018 |
| Volume | 75 |
| Pages | 139-146 |
| Publication date | 2018-05-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Habitat International (JOURNAL) |
| Journal identifiers | ISSN: 0197-3975 • E-ISSN: 1873-5428 |
| Publisher | Elsevier BV (PUBLISHER) |
| DOI | 10.1016/j.habitatint.2018.03.007 |
| OpenAlex | W2797126878 |
| Language | EN |
| Citations received | 5 |
| References cited | 9 |
This study explores how an institutional innovation in the 20th Century – Coasean bargaining - could contribute to build a low carbon China in the 21st Century. China has surpassed all nations and become the world's largest emitter of CO2 since 2007. A time-series analysis has revealed that crude oil and coal consumption, inter alia, are the primary factors contributing to the variations in CO2 emissions in China. To honour China's commitments in the Paris Agreement 2015, this paper, with reference to the empirical results, estimates the impacts on various sources of energy consumption before 2030. Developed upon the Coasean bargaining framework (1960), the cap-and-trade (CAT) markets have contributed to reduce the pollutants and greenhouse gas emissions in the US and EU. This paper will illustrate how the CAT market can be complementary to administrative measures for CO2 reduction in China. It will also discuss the institutional settings and constraints of the 7 pilot CAT markets in China, and also the national one to be rolled out in 2017
China · Coal · Coase theorem · Consumption (sociology · Economics · Externality · Greenhouse gas · Honour · Microeconomics · Natural resource economics · Political science · Transaction cost · Climate Change Policy and Economics · Energy, Environment, and Transportation Policies · Engineering · Environmental Impact and Sustainability · Law
A reflection on the trading of pollution rights via land use exchanges and controls
Modern finance theory and practice and the Anthropocene
Research status and trend prospects of the carbon cap-and-trade mechanism
Has central environmental protection inspection improved air quality? Evidence from 291 Chinese cities
Does Internet Use Increase Public Perception of Environmental Pollution?-Evidence from China
The Federal Communications Commission
Adaptation to climate change in the developing world
Toward a low carbon Hong Kong
The implementation of climate change related policies at the subnational level
The mitigation/adaptation conundrum in planning for climate change and human settlements
On Freedom and Free Enterprise
The Economics of Welfare
| Citations per year | 0.83 |
|---|---|
| Citation span | 2020 - 2024 (5) |
| Highly cited | No |