Carbon Trading in China Environmental Discourse and Politics

Carbon trading has the potential to become the mainstream climate change policy approach, finding its way in China, the world's largest greenhouse gas emitter and second largest economy. Focusing on political dimensions, Alex Lo explores the discourse of

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Carbon Trading in China Environmental Discourse and Politics Alex Lo University of Hong Kong, Hong Kong

© Alex Lo 2016 Softcover reprint of the hardcover 1st edition 2016 978-1-137-52899-5 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No portion of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, Saffron House, 6–10 Kirby Street, London EC1N 8TS. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The author has asserted his right to be identified as the author of this work in accordance with the Copyright, Designs and Patents Act 1988. First published 2016 by PALGRAVE MACMILLAN Palgrave Macmillan in the UK is an imprint of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan in the US is a division of St Martin’s Press LLC, 175 Fifth Avenue, New York, NY 10010. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave® and Macmillan® are registered trademarks in the United States, the United Kingdom, Europe and other countries. ISBN 978-1-349-55543-7 ISBN 978-1-137-52900-8 (eBook) DOI 10.1057/9781137529008 This book is printed on paper suitable for recycling and made from fully managed and sustained forest sources. Logging, pulping and manufacturing processes are expected to conform to the environmental regulations of the country of origin. A catalogue record for this book is available from the British Library. Library of Congress Cataloging-in-Publication Data Lo, Alex, 1981– author. Carbon trading in China: environmental discourse and politics / Alex Lo. pages cm Summary: “Carbon trading has the potential to become the mainstream climate change policy approach, finding its way in China, the world’s largest greenhouse gas emitter and second largest economy. Focusing on political dimensions, Alex Lo explores the discourse of carbon trading in this country. As a socialist market economy, China emerges as an exception, where liberal forms of political and market norms do not prevail. The author provides a review of the policy development process and institutional issues about the construction of carbon markets in China. He also presents a critique about the political origins and drivers of the national preference for market institutions, and narratives about the relationship between national power and climate change action.”— Provided by publisher. 1. Carbon offsetting—China. 2. Emissions trading—China. 3. Carbon dioxide mitigation—Economic aspects—China. 4. Environmental policy—China. I. Title. HC430.P55L62 2015 363.738'7460951—dc23 2015021453 Typeset by MPS Li