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Beyond the CDM: Regulating China’s Domestic Offset Scheme

January 2015

Citation: 45 ELR 10049

Issue: 1

Author: Hao Zhang and Christopher Arup

Success in China moving from participation in the Clean Development Mechanism to a national offset scheme is critical to the development of climate law and policy within China. Examination of the regulatory and institutional arrangements underpinning China’s offset scheme suggests that there is potential for the domestic offset sector to contribute to emissions reductions. However, China will have to navigate several potential pitfalls, ranging from ensuring environmental integrity to avoiding double counting and other issues, to ensure success.

Hao Zhang and Christopher Arup are members of the Monash Business School, Department of Business Law, Monash University, Melbourne, Australia.

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