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What are the key issues to be addressed by China in its move to establish Emissions Trading Systems? / Elie Bellevrat. IDDRI, déc. 2011, 16 p. (Idées pour le débat, working paper ; 17)http://www.iddri.org/Publications/Collections/Idees-pour-le-debat/WP%201711_EB_china%20ETS.pdfPoints clés (source et copyright © IDDRI) :Methods and approach- The ETS should be a tool at the service of the transformation of the Chinese economy, and it must be considered in a broader low-carbon development strategy.- Elements of the ETS design should be in line with the national and/or provincial Chinese context and the objectives assigned to the instrument.- Paying due attention to the consistency of the energy and climate policy package in which the ETS is inserted is of paramount importance, bearing in mind the long-term decarbonation objectives.Lessons from the european experience - The initial negotiations process may be long and tough in order to gain stakeholders’ support, with many political implications and obstacles encountered.- The EU ETS is working with a resulting price and a minimum of liquidity, despite real scarcity has never been encountered and a sometimes hectic and low-carbon price.- Market participants do not necessarily act as rational agents in the carbon market, especially in the early development of the ETS.- Institutional aspects are of great importance in order to provide visibility and stability to the market players, and thus not only to trigger short-term abatements (e.g. in the power sector) but also to provide an incentive for long-term investment in low-carbon technologies.Specificities of ChinaIt is crucial to factor in several specificities of the Chinese context during the implementation of domestic ETS, mainly with regards to the:- uncertainty on economic growth and its content;- regulation of the power sector and its reform;- need for improved MRV on carbon emissions.