10 papers analyzed
These studies suggest that European carbon markets are more stable and effective compared to China's, which show progress but face significant challenges in stability, development, and policy implementation.
The carbon market is a critical tool in global efforts to mitigate climate change by providing economic incentives for reducing greenhouse gas emissions. This synthesis explores the development, challenges, and impacts of carbon markets, with a particular focus on the Chinese and European contexts.
Historical Development and Global Impact:
China's Carbon Market:
Market Dynamics and Volatility:
Policy and Institutional Development:
Research Trends and Contributions:
Carbon markets are essential for achieving global climate goals, with the EU ETS serving as a model for other regions. China's efforts to develop its carbon market are crucial but face significant challenges. Effective policy frameworks, international cooperation, and continuous research are vital for the success and expansion of carbon markets worldwide.
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