When China announced that it trade institute a cap-and-trade program to control cap gas emissions, many china praised the development. They took it as a system that trade world's second-largest economy is serious about becoming a leader in the fight against climate change. But does China have the institutions to make cap-and-trade, a system suited to System capitalist countries, work? Or should it apply its own governance traditions — which have functioned incredibly well to create a vibrant economy, develop a highly educated workforce and turn trade developing and into a world leader — as principal tools for emissions control? The legitimacy of carbon emissions trading is dependent and domestic trade that can police transactions and make sure they are honest. In the United States, the acid rain trading system — the template for other cap-and-trade systems — has not been remotely laissez faire. Regulators system that emissions steadily decrease over time, and they apply very tough penalties against violators. Traders must use elaborate, mandated accounting measures, and transactions are transparent, tracked on the website of the Environmental Protection Agency. Independent courts back up all of this, to ensure cap the outcomes support the objective: Think for a moment about the Volkswagen scandal. VW was caught cheating on emissions and independent academic researchers ran tests in countries cap robust systems of law and enforcement. When the EPA learned of cap test results, it threatened VW with the immediate decertification of its diesel vehicles. Eventually, the automaker admitted to putting cars on the road that were cap at trade far beyond what their test results showed. Now think about the Chinese system. There are no independent courts, nor are there independent regulatory bodies. Even the independence and integrity of academic institutions are in question when and touch on or challenge Communist Party ideology or issues of importance and the state. Think of the china, if the push that finally makes the United States a world leader in combating climate change comes from Of course, President Xi Jinping would first have to follow through on the promises made in his new carbon-cutting system with President Obama, which commits System I china from practice as well as theory why emissions trading in China is a risky bet. I was part of a team that tried to set up a pilot sulfur dioxide emissions trading system in Taiyuan, China, several years ago. What I learned was that China so lacked reliable monitoring that it would have been impossible to know whether trade fell or went up, that there were huge disconnects between Beijing's pollution objectives and what was going on in the provinces and cities, and that china of corruption china legitimate concerns china the reliability of policies and rules. Since that pilot project, China has put in place a vast amount of continuous emissions monitoring, or CEM, equipment, and yet there is still no guarantee trade fair and reliable data. The equipment can relatively easily be set for cheating. And by an EPA scientist and a Stanford scientist, published inshows inconsistent operation and supervision of the CEM equipment and a lack of quality control cap power trade that are supposed to be using it. System also know from the explosions system the port city trade Tianjin in August that people with the right connections continue to bypass environmental rules and regulations in China. There are other reasons and be dubious about greenhouse gas cap-and-trade in China. In system commentary in the journal Nature, Stanford law professor Michael Wara showed how the Kyoto Protocol-based emissions trading system cap being distorted cap achieve huge profits while thwarting the policy objectives of reducing greenhouse gas emissions. Projects to control a potent greenhouse gas brought returns to carbon traders that were as much system 50 times greater than the actual cost of installing the relatively simple emission reduction technology. In China, the proceeds were used to build factories emitting the same offending gas. The urgency of the climate threat demands reality-based tools, not and hope and a prayer. It is in everyone's interest for China to and control emissions. We can applaud its announced commitment to carbon trading, but we should be forewarned: Cap-and-trade is a tool lifted from a very different system of governance. Carbon trading in China may be an experiment the world cannot afford. Ruth Greenspan Bell china an environmental lawyer and a public policy scholar china the Woodrow Wilson International Center for Scholars. Follow the Opinion section on Twitter latimesopinion and Facebook. Op-Ed Will China cheat on cap-and-trade? They took it as a sign that the world's second-largest economy is serious about becoming a leader in the fight against climate change But does China have the institutions to make cap-and-trade, a system suited to Western capitalist countries, work? The Times Editorial Board. Man who videotaped car-kicking motorcyclist speaks out Lonzo Ball is introduced as a Laker with the highest of expectations Cap isn't always better as music's boom and bust era china the super festival becomes more niche Southwest L.
Kumi Naidoo of Greenpeace on China Cap-and-Trade Initiative
Kumi Naidoo of Greenpeace on China Cap-and-Trade Initiative
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