China's ETS: A vote of confidence in carbon markets ahead of Paris

Monday, 12 October 2015
CEPS Commentaries
Downloaded 1,871 times

Author: Andrei Marcu

Series: CEPS Commentary No. of pp: 3

In this CEPS commentary, Andrei Marcu welcomes the recent announcement by President Xi Jinping that China will start a national emissions trading scheme in 2017. Calling it a "genuine game changer" in the global climate talks, Marcu describes the decision as giving a much-needed boost to carbon markets and cap-and-trade as the preferred way forward for those economies that have the capacity, the depth and the breadth for a liquid carbon market. 

Andrei Marcu is Senior Advisor and Head of the CEPS Carbon Market Forum and Deputy Director of CEPS Energy Climate House.