Analysis on the carbon trading approach in promoting sustainable buildings in China |
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| Affiliation: | 1. School of Life Sciences, Yunnan University, Kunming 650091, China;2. Yunnan Institute of Environment Science, Kunming 650034, China;3. Department of Environmental Science & Engineering/Fudan Tyndall Centre, Fudan University, Shanghai 200433, China;4. College of Environment and Architecture, University of Shanghai for Science and Technology, Shanghai 200093, China;1. Department of Energy Technology, Aalto University School of Engineering, P.O. BOX 14100, FI-00076, Aalto, Finland;2. School of Municipal & Environmental Engineering, Harbin Institute of Technology, Harbin 150090, PR China;1. University of Colorado at Boulder, Boulder, CO, USA;2. Dalian University of Technology, Dalian, Liaoning, China;1. School of Municipal and Environmental Engineering, Harbin Institute of Technology, 150090 Harbin, China;2. Beijing Key Lab of Heating, Gas Supply, Ventilating and Air Conditioning Engineering, Beijing University of Civil Engineering and Architecture, 100044 Beijing, China |
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| Abstract: | With the high growth urbanization and increasing new urban population, the huge demand for infrastructures and dwellings has become a great challenge for the sustainable development in Chinese cities. The building sector shares one fourth of total energy consumption in the country and plays an important role in reducing the energy consumption and the consequential green house gas (GHG) emissions. Some policies have been issued for promoting the low carbon sustainable development in China's buildings. However, existing barriers especially the investment barriers substantially prevent the low carbon technologies and service from being employed effectively. The carbon trading scheme of cap-and-trade is now widely accepted as one cost-effective way to deal with the climate change issue in the world, and it can be utilized for overcoming the barriers to carbon reduction activities in China's building sector. A new Clean Development Mechanism (CDM) energy performance based method is designed for reducing transaction costs in implementing CDM projects in China's buildings before 2020. And then a “step by step” approach is formed to establish the domestic and international carbon trading mechanism to effectively reduce GHG missions in China's building sector after 2020. |
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| Keywords: | Energy consumption Carbon reduction CDM Carbon trading Buildings China |
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