second largest investor in renewable energy after China—nearly half the electric capacity added in 2012 was renewable. Proposed stringent regulations of new and existing coal power plants. Emissions trading schemes operating in 10 states. Stringent vehicle emissions standards, estimated to save 6,000 Mt CO2-e between 2011 and 2025. President Barack Obama delivers remarks on climate change, at Georgetown University in Washington, D.C., 25 June, 2013. (Official White House Photo by Lawrence Jackson) Sub-national action in the United States and China Many US states and Chinese provinces are significant economic entities in their own right and some are taking strong action to reduce their emissions. China commenced pilot emissions trading schemes in Shenzhen, Beijing, Shanghai, Guangdong and Tianjin in 2013. More than 1,500 liable entities are expected to participate in these five regions, and the total annual emissions of the regions are more than 970 Mt, about one-and-a-half times Australia’s. Another two schemes are proposed to start in Hubei and Chongqing. These seven areas make up one-third of China’s economy and use about one-fifth of its energy (DIICCSRTE 2013). Much action on climate change in the United States is happening at state and local level—29 states have adopted greenhouse gas reduction targets or limits, with varying stringency, while nine north-eastern states have had an emissions trading scheme for their power sectors since 2009 (the Regional Greenhouse Gas Initiative). California has a separate emissions trading scheme that began in 2013 and linked to the Canadian province of Quebec in January 2014. The scheme will eventually cover most of California’s emissions, which comprise about 7 per cent of total US emissions—equivalent to about 80 per cent of Australia’s annual emissions. The states of Oregon and Washington are also considering introducing carbon pricing. The United States and China are also cooperating on climate change at sub-national levels. The US state of California and the Chinese municipality of Shenzhen are working together on air quality. Both regions have emissions trading schemes in place and have agreed to share policy design and early experiences from these schemes. Table 4.3: Comparing sub-national areas to countries If this area with carbon pricing was a its emissions be about the … country same as …
second largest investor in renewable energy after China—nearly half the electric capacity added in 2012 was renewable. Proposed stringent regulations of new and existing coal power plants. Emissions trading schemes operating in 10 states. Stringent vehicle emissions standards, estimated to save 6,000 Mt CO2-e between 2011 and 2025. President Barack Obama delivers remarks on climate change, at Georgetown University in Washington, D.C., 25 June, 2013. (Official White House Photo by Lawrence Jackson) Sub-national action in the United States and China Many US states and Chinese provinces are significant economic entities in their own right and some are taking strong action to reduce their emissions. China commenced pilot emissions trading schemes in Shenzhen, Beijing, Shanghai, Guangdong and Tianjin in 2013. More than 1,500 liable entities are expected to participate in these five regions, and the total annual emissions of the regions are more than 970 Mt, about one-and-a-half times Australia’s. Another two schemes are proposed to start in Hubei and Chongqing. These seven areas make up one-third of China’s economy and use about one-fifth of its energy (DIICCSRTE 2013). Much action on climate change in the United States is happening at state and local level—29 states have adopted greenhouse gas reduction targets or limits, with varying stringency, while nine north-eastern states have had an emissions trading scheme for their power sectors since 2009 (the Regional Greenhouse Gas Initiative). California has a separate emissions trading scheme that began in 2013 and linked to the Canadian province of Quebec in January 2014. The scheme will eventually cover most of California’s emissions, which comprise about 7 per cent of total US emissions—equivalent to about 80 per cent of Australia’s annual emissions. The states of Oregon and Washington are also considering introducing carbon pricing. The United States and China are also cooperating on climate change at sub-national levels. The US state of California and the Chinese municipality of Shenzhen are working together on air quality. Both regions have emissions trading schemes in place and have agreed to share policy design and early experiences from these schemes. Table 4.3: Comparing sub-national areas to countries If this area with carbon pricing was a country … … its emissions be about the same as
CCA_TargetsAndProgressFinalReportHTMLChapter4.docx