Using Emissions Trading to Achieve Sulfur Dioxide Reduction in China

Jing Zhang

Studenteropgave: Speciale


The aim of the thesis was to figure out an appropriate way to solve the Chinese heavy sulphur dioxide pollution problem, to design an emissions trading system for China and to try to demonstrate that the designed emissions trading system is feasible for China. The aim of the thesis was approached by using the means of case study based research, and focused on the environment policy — emissions trading. Emissions trading is an economic instrument to reduce environmental pollution, and it is used all over the world. And it is generally acknowledged to have been successful in the US Acid Rain Program. The design of emissions trading for China is based on the theory of emissions trading and experiences from the Acid Rain Program and Chinese emissions trading pilot project in Taiyuan. The study concluded that China's current command and control method should be changed into a market-based instrument. And this change should be started in the Chinese power industry because it is the biggest contributor of Chinese SO2 pollution and because the control of it with the current environmental policy in China has up till now unsuccessful. There are many conditions that can influence the implementation of Chinese emissions trading program, such as: Can emissions trading appropriately address the Chinese SO2 pollution problem? The situation of partner and different abatement costs; The problem of accurate measurements; The question whether the ETS is compatible with the existing environmental policy; Especially whether the market is free enough to implement emissions trading in China and the problem of adequate legal authority. According to my analysis, the emissions trading system is considered to be feasible, in spite of the fact that the market is not totally free and in spite of the fact that the Chinese society still lacks in legal regulation.

UddannelserTekSam - miljøplanlægning, (Bachelor/kandidatuddannelse) Kandidat
Udgivelsesdato1 jan. 2004