According to the Paris Agreement, China has nationally determined its actions by 2030 as follows:
(1) To achieve the peaking of carbon dioxide emissions around 2030 and making best efforts to peak early;
(2) To lower carbon dioxide emissions per unit of GDP by 60% to 65% from the 2005 level;
(3) To increase the share of non-fossil fuels in primary energy consumption to around 20%; and
(4) To increase the forest stock volume by around 4.5 billion cubic meters on the 2005 level.
To achieve this commitment, China has two key strategies: the national carbon market, a systemic market plan that limits the total amount of carbon emissions, and energy transition, a climate mitigation approach to reducing carbon emissions from energy systems.
The original planned national carbon market will cover 50% of China's total energy-related emissions; in fact, it launched at the end of 2017, covering only the power industry. Despite this, the national carbon market remains one of the key means for China to achieve its goal of reducing emissions. Civil society organizations (CSOs) should play a role in the establishment and operation of the national carbon market.
From the view of regional development, China has shown its desire to share experiences of climate change policy (e.g. carbon market) with neighboring countries. In this content, China's experience in carbon market can be shared as a case for other Asian countries, such as South Asia and Southeast Asia. Other countries' experiences in carbon pricing policies, including Japan's carbon tax, South Korea's national carbon market, and Singapore's carbon tax, can also be included in the discussion, In the discussion of carbon pricing policies, there is a lack of cooperation and exchanges between CSOs, especially think tanks in the region. Therefore, if a regional policy discussion platform, including CSOs and think tanks, can be established, it can play an active and productive role in promotin a low-carbon economy.