Chapter 5 Seeking the similarities while keeping the differences: the development of emissions trading schemes in northeast Asia
Restricted access

This chapter examines emissions trading schemes (ETSs) in China, South Korea, and Japan, as a type of policy diffusion. These countries have implemented ETSs compatible with their own goals, interests, and circumstances through learning from other jurisdictions and self-learning. The possibility of linking the ETSs and establishing a common carbon market between these countries in the future has been widely discussed and promoted in recent years; however, there are considerable challenges involved because of the differences in emissions reduction targets as well as in the scope, nature, and coverage of the schemes. This chapter analyzes the rhetoric of policymakers and the development of ETSs in the region and argues that political factors, such as the maintenance of a common platform and in the interest of common goals could overcome domestic obstacles and encourage countries to continue to learn, while prioritizing stability and improvement of each respective trading system.

You are not authenticated to view the full text of this chapter or article.

Access options

Get access to the full article by using one of the access options below.

Other access options

Redeem Token

Institutional Login

Log in with Open Athens, Shibboleth, or your institutional credentials

Login via Institutional Access

Personal login

Log in with your Elgar Online account

Login with you Elgar account