If Carbon Pricing Is So Great, Why Isn't It Working?
View on Ensia website"There is no evidence yet that China’s market will produce stronger carbon prices than its predecessors. While the rules are still being decided, experts expect that it will launch with free distribution of allowances. 'There will be mostly free allocation, but auctioning — presumably with a reserve price — will play an increasingly important role over time,' predicts Clayton Munnings, a colleague of Burtraw’s and a China expert at Resources for the Future."
"'My view is that a carbon price is imperative,' says Burtraw, 'but in the end it will not have to be high.'"
