The transformation of the industry to climate neutrality involves a conflict of goals between climate protection and competitiveness. To overcome this quickly, what is needed is not a classic industrial policy but a reliable regulatory framework that sets appropriate incentives in the market and creates stable expectations in competition, write Henning Vöpel, André Wolf and Götz Reichert of the Center for European Policy (cep).
Von Experts Table.Briefings
The Chinese government has made limited progress in using market instruments to manage its decarbonization efforts, exemplified by the still narrow and mostly inactive Emission Trading System. However, there are recent initiatives to strengthen the instrument of Green Electricity Certificates (GEC) by expanding their scope to all renewable sources and enhancing trading mechanisms. This aims to help local governments and companies in fulfilling policy targets for the use of green power.
Von Experts Table.Briefings
China will den Klimaschutz mithilfe von Marktinstrumenten lenken. Der Fortschritt ist bislang mäßig, wie unter anderem das nach wie vor begrenzte und weitgehend inaktive Emissionshandelssystem zeigt. Besser läuft der freiwillige Handel mit Ökostromzertifikaten (Green Electricity Certificates). Diesen will Peking nun ausbauen. Er soll künftig sämtliche erneuerbaren Energiequellen einbeziehen. Das soll Kommunen und Unternehmen dabei unterstützen, die politischen Zielvorgaben für die Nutzung von Ökostrom zu erfüllen.
Von Experts Table.Briefings
