July 11, 2018 by Emily Jackson
(Source: Ecns.cn) Industries in China are expecting a steady rise in the price of carbon, and showing high confidence in the recently launched emission trading scheme (ETS), a study claimed. On a national level, prices are expected to rise from 51 yuan (7.71 US dollars) in 2020 to 86 yuan (13.1 US dollars) in 2025 for each tonne of carbon dioxide emitted. Interestingly, expectation soars in the pilot schemes, where respondents predicted price would climb up to 122 yuan (18.45 US dollars). At present rate per tonne of carbon in the pilot, region hovers in the range of 10 to 62 Yuan ( 1.51 to 9.38 US dollars) The study titled “The 2018 China Carbon Pricing Survey” released today has been jointly prepared by China Carbon Forum (CCF), ICF and SinoCarbon. The Dutch Emissions Authority, Tsinghua University Center for China Carbon Market Research and the Norwegian Environment Agency provided their inputs to the study. More than 300 professionals from various sectors including 68 percent of industry stakeholders participated in the survey. The responses were collated to understand perception and expectations regarding ETS in China. Read full article
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