Reflections on China's carbon markets
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China is moving towards using carbon markets as part of its climate policy. The first emissions trading pilot schemes have started operation, others are following, and there are intentions for a national carbon market down the track. In this lecture, Dr Yue Tan David Tang, who has been involved with the design of the Tianjin emissions trading scheme and other aspects of Chinese carbon markets, will discuss carbon pricing in China. He will give an overview of policy development for emissions trading; analyse some of the features of the emissions trading pilot schemes; and present his reflections on the opportunities and obstacles to carbon trading in China.
Dr Yue Tan David Tang is Deputy General Manager of the Funds Department at Strait Energy Limited, which is a Hong Kong based investment company focusing on oil and gas as well as renewable energy. Dr Tang was formerly Secretary of the Board at the Tianjin Climate Exchange, where he took a leading role in designing and helping launch the Tianjin Emissions Trading Scheme. His work focuses on regional ETS development, trading in voluntary emissions reductions, natural gas market research, and policy analysis. He has taken part in many government-sponsored consulting and research projects on China’s carbon markets. Dr Tang holds a BA, an MA (pure math) and an MS (financial engineering) from Columbia, a JD and a PhD (econ) from Harvard. He is also a member of the New York Bar.
This seminar is presented by the Centre for Climate Economics and Policy at Crawford School of Public Policy at The Australian National University.
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