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Article: Carbon emission right as a new property right: rescue CDM developers in China from 2012

TitleCarbon emission right as a new property right: rescue CDM developers in China from 2012
Authors
Issue Date2013
PublisherSpringer Verlag Dordrecht. The Journal's web site is located at http://springerlink.metapress.com/openurl.asp?genre=journal&issn=1567-9764
Citation
International Environmental Agreements: Politics, Law and Economics, 2013, v. 13 n. 3, p. 307-320 How to Cite?
AbstractClean development mechanism (CDM) is encountering many uncertainties due to the coming end of the commitment period and critically suggested reformation. As the largest participant in the CDM market, China shoulders the biggest proportion of market risk. Among the studies on CDM in China, few have focused upon the legal aspect of CDM, which is crucial in defending developers’ interests. To fill this research gap in making the transition from policy to law, this paper claims that carbon emission right, which is the basis of trade, should be attributed as a property right in Property Law of People’s Republic of China. The present study will discuss the characteristics of carbon emission, definition, and legal attribution of carbon emission right. The valid object of carbon emission right in the CDM market under Property Law should be certified emissions reductions (CERs). The usufructuary right could be specifically applied in practice to the owners’ property right on CERs in China. Although experience from the CDM is not fully applicable to the development of cap and trading, the success of CDM market provides a reasonable platform to study emission right in the view of legal science. Furthermore, the proposed research acts as the pioneer study that lay the theoretical foundations in legal science on emission right trading for other potential schemes, which in turn addresses international environmental issues.
Persistent Identifierhttp://hdl.handle.net/10722/164784
ISSN
2015 Impact Factor: 1.289
2015 SCImago Journal Rankings: 0.706
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorPei, Qen_US
dc.contributor.authorLiu, Len_US
dc.contributor.authorZhang, DDen_US
dc.date.accessioned2012-09-20T08:09:23Z-
dc.date.available2012-09-20T08:09:23Z-
dc.date.issued2013en_US
dc.identifier.citationInternational Environmental Agreements: Politics, Law and Economics, 2013, v. 13 n. 3, p. 307-320en_US
dc.identifier.issn1567-9764en_US
dc.identifier.urihttp://hdl.handle.net/10722/164784-
dc.description.abstractClean development mechanism (CDM) is encountering many uncertainties due to the coming end of the commitment period and critically suggested reformation. As the largest participant in the CDM market, China shoulders the biggest proportion of market risk. Among the studies on CDM in China, few have focused upon the legal aspect of CDM, which is crucial in defending developers’ interests. To fill this research gap in making the transition from policy to law, this paper claims that carbon emission right, which is the basis of trade, should be attributed as a property right in Property Law of People’s Republic of China. The present study will discuss the characteristics of carbon emission, definition, and legal attribution of carbon emission right. The valid object of carbon emission right in the CDM market under Property Law should be certified emissions reductions (CERs). The usufructuary right could be specifically applied in practice to the owners’ property right on CERs in China. Although experience from the CDM is not fully applicable to the development of cap and trading, the success of CDM market provides a reasonable platform to study emission right in the view of legal science. Furthermore, the proposed research acts as the pioneer study that lay the theoretical foundations in legal science on emission right trading for other potential schemes, which in turn addresses international environmental issues.-
dc.languageengen_US
dc.publisherSpringer Verlag Dordrecht. The Journal's web site is located at http://springerlink.metapress.com/openurl.asp?genre=journal&issn=1567-9764en_US
dc.relation.ispartofInternational Environmental Agreements: Politics, Law and Economicsen_US
dc.rightsCreative Commons: Attribution 3.0 Hong Kong Licenseen_US
dc.titleCarbon emission right as a new property right: rescue CDM developers in China from 2012en_US
dc.typeArticleen_US
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=1573-1553&volume=&spage=&epage=&date=2012&atitle=Carbon+Emission+Right+as+a+New+Property+Right:+Rescue+CDM+Developers+in+China+from+2012en_US
dc.identifier.emailPei, Q: peiqing618@gmail.comen_US
dc.identifier.emailZhang, DD: zhangd@hkucc.hku.hk-
dc.identifier.authorityZhang, D=rp00649en_US
dc.description.naturepublished_or_final_version-
dc.identifier.doi10.1007/s10784-012-9191-0-
dc.identifier.scopuseid_2-s2.0-84882925797-
dc.identifier.hkuros208351en_US
dc.identifier.isiWOS:000323388000005-
dc.publisher.placeNetherlands-
dc.identifier.citeulike11180208-

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