Carbon pricing is considered a key policy instrument to steer developing economies towards a lower carbon transition, but implementation can be politically arduous, slowing adoption in many locations, delegates to Climate Policy Lab’s Climate Policy Summer Academy suggest.
Read MoreMarket-based policy tools like the emissions trading system are a new endeavor for China, which has generally relied on command-and-control policies to regulate the environmental protection since the establishment of pollutant discharge fees in 1978. However, new approaches became more pressing as air pollution rose to be a major focus of Chinese society starting in 2008 and concerns about climate change issues increased over time.
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