Assembling China's Carbon Markets: The Carbons, the Business, and the Marginalized
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China is in the process to establish its national cap and trade program to limit greenhouse gas emissions. Besides the top-tier market design (cap-setting, auction rules, etc.), Chinese policymakers need to pay attention to how the new carbon market embed in the larger social contexts.This brief highlights that the Chinese government needs to engage seriously with three less-concerned actors—the carbons, the business, and the marginalized—to realize the full potential of the carbon market.
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Accepted Manuscript
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Liu, John Chung-En
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Harvard University
