KETEP 세계에너지시장정보

Executive summary ................................................................................................................. 8 

Introduction ........................................................................................................................... 12 

Chapter 1. Why auctioning?.................................................................................................. 16 
 Allowance allocation methods .................................................................................................. 16 
 Status quo of allowance auctioning ......................................................................................... 18 
 Benefits of auctioning ............................................................................................................... 21 

Chapter 2. Implementing auctioning ..................................................................................... 25 
 Defining sectoral coverage of auctioning ................................................................................. 25  
 Defining the auctioning share ................................................................................................... 28 
 Administration of auctioning ..................................................................................................... 31 
 Implementing price or supply adjustment measures................................................................ 32 

Chapter 3. Revenue use ....................................................................................................... 35 
 Status quo of auction revenue generation ............................................................................... 35 
 Ways of using auction revenue ................................................................................................ 36 
 Governance of auction revenue ............................................................................................... 38 

Chapter 4. Policy insights ..................................................................................................... 40 
 Key benefits of introducing allowance auctioning in China’s ETS ........................................... 40 
 Options for introducing auctioning in China’s national ETS ..................................................... 44 
 Options for the governance and use of auction revenue in China ........................................... 46 

General annex ....................................................................................................................... 49 
 Auction and free allowance share ............................................................................................ 49 
 Price or supply adjustment measures ...................................................................................... 50 
 Overview of design elements for allowance auctioning ........................................................... 52 
 References ............................................................................................................................... 53 
 Abbreviations and acronyms .................................................................................................... 58 
 Glossary ................................................................................................................................... 58