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Open Access 2025 | Open Access | Buch

The Carbon Emission Liability Mechanism

A New Solution for Global Carbon Neutrality

verfasst von: Baoming Yang

Verlag: Springer Nature Singapore

Enthalten in: Springer Professional "Wirtschaft+Technik" , Springer Professional "Wirtschaft"

Inhaltsverzeichnis
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SUCHEN

Über dieses Buch

This open access book presents a novel Carbon Emission Liability Mechanism (CELM) and an integrated global Carbon Pricing Mechanism, based on a comprehensive analysis of the evolution of economic theory related to global climate change and the practice of carbon pricing instruments over the past 30 years. It further outlines a top-level design and implementation blueprint global based on CELM to achieve global carbon neutrality.

For the first time, the CELM mechanism effectively addresses the three fundamental questions regarding carbon emissions: who should be liable for carbon emission, how much liability, and how to offset it. The introduction of CELM may unveil a feasible third path towards global carbon neutrality, and effectively address numerous challenges of carbon tax and Emission Trading System.

CELM facilitates the creation of an efficient, cost-effective and comprehensive societal carbon footprint database, and addresses issues related to international carbon border regulation mechanism. While the world is struggling to tackcle the imminent climate crisis, CELM offers a refreshing global carbon neutrality solution, with its characteristics of more fair, more efficient, and less expensive, bringing new alternative options for the international community.

Inhaltsverzeichnis

Frontmatter
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Chapter 1. Goals, Progress, Issues and Challenges of Global Carbon Neutrality
Abstract
Climate change has emerged as one of the major challenges affecting global development in the twenty-first century. It exerts unprecedented impacts globally, including frequent climate disasters, altered weather patterns leading to food production crises, and rising sea levels, creating catastrophic risks that are affecting countries across the globe without discrimination. Governments and social organizations are increasingly aware of the urgency to take decisive actions to address this dire situation.
Baoming Yang
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Chapter 2. Philosophical, Sociological and Legal Discussions on Global Climate Change
Abstract
Human first paid direct attention to climate change in the 1970s. In 1979, the World Meteorological Organization (WMO) convened the first World Climate Conference and endorsed plans to establish a World Climate Programme (WCP), through reasonable means of climate resources, to foresee and prevent potential changes in climate and to protect climate environment and resources. In 1988, the Intergovernmental Panel on Climate Change (IPCC) was established with the joint efforts of the United Nations Environment Programme (UNEP）and the WMO. It is an institution focusing on scientific consultation about international negotiations and regulations over climate change. At the same time, the negotiations for the United Nations Framework Convention on Climate Change (UNFCCC), under the promotion of the IPPC, were initiated in 1990. And UNFCCC was finalized and opened for signature in 1992 and officially entered into force in 1994.
Baoming Yang
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Chapter 3. Current Development and Practice: The Economics of Climate Change
Abstract
Global warming is universally perceived as a survival challenge. With governments worldwide successively declaring the advent of “climate emergency”, urgent and robust climate policies are needed to respond to this challenge. Regardless of misleading remarks on climate change and its future implications from some agencies, there remains a consensus among humanity to actively tackle this challenge. While climate change is indeed real, anthropogenic, and will exert significantly adverse effects, it is imperative to acknowledge that climate policies can have profound effects on macroeconomic stability and social welfare, with both potential benefits and drawbacks. Therefore, it is crucial to weigh the impacts of both to devise policies that maximize welfare benefits.
Baoming Yang
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Chapter 4. The Origin of Global Climate Change
Abstract
A comprehensive overview of global climate change, coupled with an assessment of previous generations’ endeavors in the economics of climate change, will enable us to more accurately delineate humanity’s most paramount challenge and establish a robust foundation to explore theories and devise solutions.
Baoming Yang
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Chapter 5. New Carbon Emission Liability Mechanism
Abstract
Drawing upon the two Postulates and seven Axioms of global climate change outlined in Chap. 4, this book embraces global carbon neutrality as its paramount goal, with the vision of Building a Community with a Shared Future for Mankind. It endeavors to deduce and identify the most effective pathway towards this goal, amidst the prevailing international consensus, and subsequently introduces an innovative Carbon Emission Liability Mechanism (CELM). The CELM, rooted in a global perspective, establishes two fundamental assumptions and three basic principles, thereby paving the way for the establishment of a novel global carbon neutrality system and fostering a fresh international order centered on carbon emission reduction.
Baoming Yang
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Chapter 6. National Decarbonation System Based on the CELM and Its Implementation Plan
Abstract
At present, the global decarbonation system is inefficient, hindering the swift progress towards carbon neutrality. Beyond the scarcity of robust foundational theories in climate change economics, two pivotal issues persist at the solutional level: First, the absence of an efficient, autonomous and self-driven big data system for the whole society’s carbon footprints, coupled with the opacity of carbon neutrality information in the whole society, creates obstacles for policymakers in crafting effective strategies and for consumers in making informed choices. Secondly, the dearth of potent positive and negative incentives for both “carbon emissions” and “carbon removals” undermines progress.
Baoming Yang
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Chapter 7. Carbon Ticket Management System (CTMS)
Abstract
Carbon Ticket Management System (CTMS) is one of the two core systems within the CELM-based “1+1” Decarbonation System, functioning as a comprehensive big data platform that meticulously tracks and manages the carbon footprints of every commodity across society. It clarifies the CEL of all organizations and individuals in the whole society, thereby furnishing crucial data pillars that underpin the decarbonation system in the whole society. Research shows that the global climate challenge has proven intractable over the past three decades, primarily due to the enigmatic nature of carbon footprint data. Solving the challenge in this complex, information-scarce black box scenario has been akin to a blind man attempting to comprehend the grandeur of an elephant. The introduction of CTMS, rooted in the CELM, unleashes immense potential by illuminating these previously obscured facets.
Baoming Yang
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Chapter 8. Negative Carbon Trading Market (NCTM)
Abstract
Eight provinces and municipalities in China have progressively ventured into carbon markets as pilot projects, yet their progress remained modest over the past decade. The scene shifted dramatically following the announcement of China’s ambitious “3060” dual carbon targets (achieving carbon peaking by 2030 and carbon neutrality by 2060), reigniting a surge of interest and renewed efforts towards establishing carbon markets nationwide. However, hindered by the nascent state of theories guiding their construction, the development of these markets has yet to yield substantial breakthroughs.
Baoming Yang
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Chapter 9. Analysis of the Operation of the CELM-Based Decarbonation System
Abstract
This chapter delves into the efficiency advantages of the CELM-based Decarbonation System by simulating its operation across the entire industrial chain, particularly within the construction and coal-fired power sectors. It comprehensively demonstrates the universal applicability and exceptional performance of the CELM-based system across diverse industries.
Baoming Yang
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Chapter 10. Global Carbon Neutrality Solution
Abstract
Under the leadership of the United Nations, the international community has made efforts for over three decades and held 27 climate conferences in pursuit of addressing climate change. However, progress in global carbon reduction remains slow and falls significantly short of the targets set by the IPCC. The fundamental reason lies in the fact that the international community’s understanding of the essence of carbon reduction remains inadequate. Without a solid theoretical foundation, top-level mechanisms are not scientifically designed. Additionally, considerations of other interests by some countries make it inevitable that progress towards global carbon neutrality is challenging.
Baoming Yang
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Chapter 11. Macro-level Impacts of Implementation of the CELM: An Insightful Case Study from China
Abstract
China, akin to other global economies, has proposed ambitious dual carbon targets, transcending mere carbon neutrality aspirations. At its core, this dual carbon effort endeavors to propel China to transform in three aspects, including economic growth models, societal lifestyles, and energy supply systems, all vital components of national rejuvenation. Recognizing the intricacies, the Chinese Government has identified four pivotal relationships to navigate: balancing international and domestic considerations, harmonizing development with emission reduction, ensuring transformation without compromising security, and striking a chord between short-term gains and long-term sustainability. This poses a formidable challenge to the strategic framing of carbon neutral targets, necessitating a thorough understanding of its impacts on macroeconomy, consumption upgrades, development pace, international trade dynamics, and regional economic shifts. The design of policy instruments must be precise, neither lagging nor rash, underpinned by a profound comprehension of the underlying logic of carbon neutrality and wisdom of top-level design.
Baoming Yang
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Chapter 12. The Necessity, Feasibility and Urgency of Implementing the CELM
Abstract
The year 2021 marked the beginning of China’s endeavor to meet the “3060” dual carbon targets. These targets are ambitious, challenging, and come with a tight deadline, particularly the “3060” carbon neutrality goal, which places increasing pressure on China. It is imperative for China to identify and expedite the implementation of an effective carbon reduction roadmap. In pursuing the “3060” dual carbon targets, the most critical element is the efficient design of top-level mechanisms.
Baoming Yang
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Chapter 13. Dual Carbon Policies and Action Plans
Abstract
With the establishment of the CELM, China will gain an efficient tool for achieving carbon neutrality, enhancing policy equity and enabling targeted measures across various sectors to attain the dual carbon targets. The previously complex policy instruments, such as carbon emission allowance system, reduction targets, allocation of energy usage rights, and dual-control indicators, can now be significantly streamlined, with some instruments potentially phased out entirely.
Baoming Yang
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Chapter 14. New Principles for Public Goods
Abstract
Through a comprehensive review and analysis of theoretical exploration and governance practices related to global climate change in the past three decades, this book identifies existing problems within the current economic theory of climate change and the implementation of decarbonation strategies. It introduces a novel framework, from foundational theory to practical solutions. The CELM offers a fresh theoretical framework and innovative perspectives for the economics of climate change, providing enhanced opportunities to address the global climate challenges effectively. In the realm of governing large-scale complex public goods characterized by spatial and temporal externalities, the CELM surpasses the limitations of traditional frameworks such as the Pigouvian Tax principle, the Coase Theorem, and Nordhaus’ climate economic models, introducing significant innovations and advancements to the foundational theories of global climate governance.
Baoming Yang
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Chapter 15. The CELM and Its Solution: FAQ
Abstract
Since the introduction of the CELM and the Global Carbon Neutrality Solution, numerous questions have been raised by experts within the industry, which is very beneficial for clarifying its theoretical framework. Here, we sort out these pertinent questions to facilitate a better understanding.
Baoming Yang
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Backmatter
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Metadaten
Titel
The Carbon Emission Liability Mechanism
verfasst von
Baoming Yang
Copyright-Jahr
2025
Verlag
Springer Nature Singapore
Electronic ISBN
978-981-9636-12-9
Print ISBN
978-981-9636-11-2
DOI
https://doi.org/10.1007/978-981-96-3612-9

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