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BRI and Carbon Pricing Mechanism


直播链接:

China Daily 中文直播 : https://cn.chinadaily.com.cn/a/202011/25/WS5fbe0bcfa3101e7ce9731a38.html

China Daily Livestreamed in English : https://www.chinadaily.com.cn/a/202011/25/WS5fbe0eeba31024ad0ba966c0.html

澎湃网直播 : https://www.thepaper.cn/newsDetail_forward_10136254

The international community is actively cooperating to address climate change, and the carbon pricing mechanism is developing rapidly. It is of practical importance to study the significance and feasibility of establishing carbon markets in major countries and regions of the Belt and Road Initiative (BRI). This study investigates in detail on the development status of the global carbon market and the status quo of major countries and regions of BRI. Based on the FASTER principle required for the carbon pricing mechanism proposed by the World Bank, 6 major indicators are selected to qualitatively analyze the feasibility of establishing carbon market in the major countries and regions of BRI. Based on the China-Global Energy Economic Model, a quantitative analysis is carried out on the impact of the construction of carbon markets on their GDP, residents’ welfare, industrial development, etc. in major countries and regions of BRI. Moreover, targeted policy suggestions are proposed.

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