By Alex Lo

This booklet explores the political features of China's weather switch coverage, targeting the newly validated carbon markets and carbon buying and selling schemes. Lo makes a case for knowing the coverage swap when it comes to discourse and in terms of narratives of nationwide energy and development.

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P. 15). Notwithstanding its considerable efforts on GHG abatement, China has been highly reluctant to control emissions levels by means of mandatory emissions limits. China has agreed to make substantial commitment to climate change mitigation, provided that it is given opportunities to pursue its own economic and social goals. 3 billion people. Thus, China never stops using the argument that 38 Carbon Trading in China it is still a developing country and its historical responsibility for the accumulation of GHG emissions at the atmosphere is minimal.

The policy concept, originating from economics, gained force in political discourses because it accorded with the scepticism towards the implied assumption of state neutrality in determining tax rates without attending to vested interests (MacNeil and Paterson, 2012). During the 1970s and 1980s, it received considerable attention from market-friendly US administrators and inspired the design of the SO2 emissions trading programmes operating in several US states and, subsequently, across the country in the 1990s.

The pervasiveness of carbon emissions and emitting sources means that everyone is a potential participant in the carbon markets. Moreover, these GHGs circulate and tend to mix throughout the global atmosphere and trap heat across the vast airspace, regardless of where they are generated on Earth. GHG emissions reductions can therefore occur anywhere, with the same effects on climate change mitigation. Any additional reductions can be used to ‘offset’ an equivalent amount of emissions generated elsewhere.

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