Uploaded on 2018-09-15 by Yufei Dong

*picture uploaded is a screenshot of http://www.tanjiaoyi.org.cn/ The dominant fossil fuel in China is coal, which is mainly used in industry. The energy structure of China is very unitary and non-renewable. I would suggest developing new green energy sources such as hydropower(which is abundant thanks to the elevation difference and the huge amount of water running in Yangtze River and Yellow River). Improving technique in coal power generation might be another good idea. On the demand side, factories should stick to their quota of CO2 emission. The screenshot I uploaded is from China Carbon Emission Trading website. It shows the price each ton of carbon is traded at in different cities. The most expensive deal is made in Beijing-67.51 yuan, while the cheapest is in Chongqing-7.18 yuan. Carbon trading has its benefits: control the total carbon emission while leaving some flexibility for the market, transforming technology advantange to economic gain, etc. But it may also blur out the sense of equal responsibility and lead to inequality between big and small firms. If all firms had a reasonable and achievable quota, there may be no need for such a market.