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.

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Dual Carbon Policies and Action Plans

  • Baoming Yang

摘要

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.