The Carbon Emission Liability Mechanism: A New Solution for Global Carbon Neutrality

Yang, Baoming; Qiu, Quanju

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.

Details

Published by: Springer

Publication Date: 2025-05-20

Format: Hardcover

ISBN-13: 9789819636112

DOI: 10.1007/978-981-96-3612-9

Dimensions: 235cm x155cm

Pages: 511