Cap-and-Trade and New Market Mechanism Policy Design in China
Since 2005, CCAP has worked with top Chinese policymakers from the NDRC, Provincial and Local DRCs, the Ministry of Housing and Urban-Rural Development (MOHURD), Provincial climate exchanges, academics and in-country researchers to provide technical analysis on mitigation policies, helping China reach energy intensity and greenhouse gas reduction targets.
- 2010-2011 – Tsinghua University Tradable Intensity Standard Workshops: CCAP and Tsinghua University co-hosted three workshops in Beijing and Xiamen that initially focused on mitigating emissions from China’s power sectors, and later shifted toward tradable intensity standards for iron and steel, building, and electricity industries. The workshops facilitated a proposed framework for a pilot tradable intensity standard system.
- 2009-2010 – Power Sector Emissions Abatement Modeling Tool: Tsinghua University and CCAP developed a new modeling tool to measure cost-effective mitigation actions under different scenarios (base case, with renewable energy targets, with a carbon tax, limits on SO2, and power trades across regions).
- 2007-2009 – Technology-Based Mitigation: CCAP worked with the Shandong local government to evaluate technical options and policy implementation strategies to assist the province in meeting its 2010 energy intensity targets.
Mitigation Action Implementation Network (MAIN)
China is a key member of CCAP’s Mitigation Action Implementation Network (MAIN) that provides on-the-ground support and technical assistance for countries to design, implement and finance mitigation policies known as nationally appropriate mitigation actions (NAMAs). Already CCAP has hosted two MAIN dialogues in Asia to convene key ministries, industries, NGOs, and finance experts to build capacity to advance and finance NAMAs
in Asia. The MAIN-Asia members include: China, Indonesia, Malaysia, Pakistan, Philippines, Thailand, and Vietnam.
Expertise in Market-Based Solutions
Since 1995, CCAP has firmly established itself as a world leader in researching, analyzing, designing and promoting market-based solutions that successfully reduce greenhouse gas emissions. CCAP’s experience with market mechanisms provides a deep repertoire of design features that can be tailored to individual circumstances to improve political viability, while still considering effectiveness and cost objectives.
Structural Reform for EU Emissions Trading System
CCAP-Europe currently works with European policymakers to restructure the EU Emissions Trading System. In The New Deal: Reforming the EU ETS to Enhance Low-Carbon Industrial Competitiveness, CCAP-Europe outlines ways in which the EU ETS could be the catalyst for long-term economic growth and significant innovation in the European manufacturing sector. The report suggests reducing the surplus of EU allowances, and aligning ETS caps with the long-term climate goal to reduce emissions by 80-95 percent by 2050.