Back to Search
Start Over
Administration-Led Carbon Markets and China’s Green Transition: Efficiency, Fairness and Rent-Seeking.
- Source :
-
Journal of Contemporary China . Jun2024, p1-16. 16p. 4 Illustrations. - Publication Year :
- 2024
-
Abstract
- This paper argues against the claim by Chinese government officials and some scholars that China’s carbon emission trading scheme is market-driven. It finds that, in contrast to carbon markets that are characteristic of the marketization model, China’s carbon markets are led by the state, and the market mechanism plays a limited role at best. Consequently, China’s carbon markets are overwhelmingly challenged by a number of factors. These include the low efficiency of resource allocation, questionable market fairness, rent-seeking, and corruption. This paper argues that the state-led mechanism is not conducive to China’s green transition unless a market system is introduced. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 10670564
- Database :
- Academic Search Index
- Journal :
- Journal of Contemporary China
- Publication Type :
- Academic Journal
- Accession number :
- 177922431
- Full Text :
- https://doi.org/10.1080/10670564.2024.2367531