Legal Pathways of Decarbonization in China: The Emissions Trading Perspective
Abstract
This Chapter starts with introducing the broad carbon neutrality goal in China’s energy sector, and significant steps have been taken to start moving toward this new growth pathway. To identify the interpretative criteria shaping legal reactions in the low-carbon transition, key long-term strategies and development objectives will be listed out in specific institutional dimensions, including regulatory systems, legal decision-making processes, legal orders, and tools of regulation. Furthermore, this chapter discusses the challenging issues to implement the overall scope into near-term actions, especially focusing on how the legal system would affect institutional complementarities, enforcement mechanisms, sustainable finance, and lowcarbon technology. In the end, this chapter explores pathways to confirm the crucial factors in low-carbon transition by legal instruments in a comparative perspective.
Abstract
This Chapter starts with introducing the broad carbon neutrality goal in China’s energy sector, and significant steps have been taken to start moving toward this new growth pathway. To identify the interpretative criteria shaping legal reactions in the low-carbon transition, key long-term strategies and development objectives will be listed out in specific institutional dimensions, including regulatory systems, legal decision-making processes, legal orders, and tools of regulation. Furthermore, this chapter discusses the challenging issues to implement the overall scope into near-term actions, especially focusing on how the legal system would affect institutional complementarities, enforcement mechanisms, sustainable finance, and lowcarbon technology. In the end, this chapter explores pathways to confirm the crucial factors in low-carbon transition by legal instruments in a comparative perspective.
Kapitel in diesem Buch
- Frontmatter I
- Preface V
- Preface IX
- Table of contents XIII
- Notes on contributors XVII
- Abbreviations XIX
- Introduction: Comparing Low-Carbon Transitions 1
-
Part I: Methods and Concepts
- Editorial introduction 21
- Inter- and Trans-Disciplinary Research in the Energy Sector: an Overview 27
- Energy Governance Models 41
- Meanings of Energy Justice in the Low-Carbon Transition 65
- Energy Policy Instruments for a Low-Carbon Energy Transition 81
- Implementation and Enforcement Mechanisms in Energy Law 99
-
Part II: Energy Markets
- Editorial introduction 119
- Interaction between Renewable Energy Integration and Wholesale Electricity Markets: a Legal and Regulatory Perspective 123
- The Role of Natural Gas in the Energy Transition 145
- Nuclear Energy and the Low-Carbon Transition: Exploring Potential Trade-Offs and Risks Involved with Enhancing Energy Access while Fighting Climate Change 165
- Accelerating the Phase Out of Coal in Australia: Key Trends and Drivers 183
- The Changing Role of Energy Networks in the Energy Transition 203
- Legal/Policy Tools and Strategies for Hydrogen in the Low-Carbon Transition 217
- The Financial Side of Energy Markets 241
- Greening Global Value Chains 255
-
Part III: Regional Experiences
- Editorial introduction 273
- Energy Transitions and the Emerging Energy Law in Africa 277
- Energy Transition Pathways for Asia and the Pacific: Regulatory Policies and Challenges for Renewable Energy Development 291
- Governing for Net-Zero in the European Union 309
- The Low-Carbon Transition in North America 329
- Legal Pathways to Decarbonization in Latin America 339
-
Part IV: National Experiences: Introduction
- Editorial introduction 363
- Energy Law and Regulation in Australia 369
- Brazil’s Energy Transition and Climate Litigation 387
- Legal Pathways of Decarbonization in China: The Emissions Trading Perspective 401
- Chronicling Energy Law in India in the Era of Low-Carbon Transition 413
- Energy Law in the Low-Carbon Transition in Japan: The Tough Road to a Low-Carbon Society after the Fukushima Nuclear Crash 435
- Mexico: Energy Transition in an Uncertain Legal and Institutional Setting 451
- Polish Pathway to Just Transition: Energy Law and Policy Trapped Between Sustainability and Security of Supply 467
-
Part V: Local Experiences
- Editorial introduction 493
- Energy Communities: Comparative Perspectives from the EU and the US 497
- Realizing Peer-to-Peer Trading in the Electricity Market in the EU and its Member States 513
- Subnational Policies Driving Low-Carbon Mobility in the United States 531
- The Role of Cities in Low(er)-Carbon Transition 557
- Conclusion: Legal Knowledge for the Low-Carbon Transition 577
- Index 595
Kapitel in diesem Buch
- Frontmatter I
- Preface V
- Preface IX
- Table of contents XIII
- Notes on contributors XVII
- Abbreviations XIX
- Introduction: Comparing Low-Carbon Transitions 1
-
Part I: Methods and Concepts
- Editorial introduction 21
- Inter- and Trans-Disciplinary Research in the Energy Sector: an Overview 27
- Energy Governance Models 41
- Meanings of Energy Justice in the Low-Carbon Transition 65
- Energy Policy Instruments for a Low-Carbon Energy Transition 81
- Implementation and Enforcement Mechanisms in Energy Law 99
-
Part II: Energy Markets
- Editorial introduction 119
- Interaction between Renewable Energy Integration and Wholesale Electricity Markets: a Legal and Regulatory Perspective 123
- The Role of Natural Gas in the Energy Transition 145
- Nuclear Energy and the Low-Carbon Transition: Exploring Potential Trade-Offs and Risks Involved with Enhancing Energy Access while Fighting Climate Change 165
- Accelerating the Phase Out of Coal in Australia: Key Trends and Drivers 183
- The Changing Role of Energy Networks in the Energy Transition 203
- Legal/Policy Tools and Strategies for Hydrogen in the Low-Carbon Transition 217
- The Financial Side of Energy Markets 241
- Greening Global Value Chains 255
-
Part III: Regional Experiences
- Editorial introduction 273
- Energy Transitions and the Emerging Energy Law in Africa 277
- Energy Transition Pathways for Asia and the Pacific: Regulatory Policies and Challenges for Renewable Energy Development 291
- Governing for Net-Zero in the European Union 309
- The Low-Carbon Transition in North America 329
- Legal Pathways to Decarbonization in Latin America 339
-
Part IV: National Experiences: Introduction
- Editorial introduction 363
- Energy Law and Regulation in Australia 369
- Brazil’s Energy Transition and Climate Litigation 387
- Legal Pathways of Decarbonization in China: The Emissions Trading Perspective 401
- Chronicling Energy Law in India in the Era of Low-Carbon Transition 413
- Energy Law in the Low-Carbon Transition in Japan: The Tough Road to a Low-Carbon Society after the Fukushima Nuclear Crash 435
- Mexico: Energy Transition in an Uncertain Legal and Institutional Setting 451
- Polish Pathway to Just Transition: Energy Law and Policy Trapped Between Sustainability and Security of Supply 467
-
Part V: Local Experiences
- Editorial introduction 493
- Energy Communities: Comparative Perspectives from the EU and the US 497
- Realizing Peer-to-Peer Trading in the Electricity Market in the EU and its Member States 513
- Subnational Policies Driving Low-Carbon Mobility in the United States 531
- The Role of Cities in Low(er)-Carbon Transition 557
- Conclusion: Legal Knowledge for the Low-Carbon Transition 577
- Index 595