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Emissions Trading Systems—carbon pricing policy instruments for carbon emissions reduction—have become very popular in recent years. Under a typical ETS, a central authority allocates emissions permits to enterprises and requires them to submit permits equal to their emissions for compliance at the end of a “compliance cycle”. Enterprises that are short of permits can purchase them from the permit market, creating a carbon price signal that is crucial to reducing emissions cost-effectively.

Unlike a typical ETS in the developed countries that imposes a hard emissions cap, the main feature of China’s national ETS is its permit allocation rules that guarantee carbon policy stringency without introducing strong adverse shocks to economic growth. China’s national ETS is so far a rate-based system—the permit allocation in each sector is based on the companies’ actual output levels and a corresponding “benchmark” (emissions-output ratio) that matches an appropriate emissions intensity reduction target in that sector. For example, if a plant’s emissions intensity exceeds its predetermined benchmark, it will face an allowance deficit and need to buy permits for compliance. Conversely, a plant with relatively low emissions intensity can sell surplus permits.

China’s national ETS has been in operation for a year now. It has made progress on multiple fronts.

First, the institutional framework has been formed. The National Measures for the Administration of Carbon Emission Trading (Trial), released in December 2020, has provided a regulatory basis. It has been supplemented by additional technical documents for permit registration, trading, settlement, permit allocation, and emissions reporting for the power generation sector. All these directives have gradually formed a “1+N emissions trading policy system”.

Second, infrastructure for the system has been established. The National Carbon Emissions Permits Registry in Wuhan (responsible for recording permit holdings, modifications, payments, and retirements) and the National Carbon Emissions Exchange in Shanghai (serving as a permit exchange) have been operating smoothly.

Lastly, for the monitoring, reporting, and verification of emissions, enterprises have been encouraged to take “on-site” measurements of their coal consumption, significantly improving the integrity of China’s carbon emissions data.

Although there have been important milestones for China’s national ETS in its first year, several challenges were also encountered. There is still no official roadmap for future sectoral coverage. Trading was very much concentrated just ahead of the compliance date, which reveals a less active market which limits price discovery. Risk control regarding data quality still needs to be improved, given that some data manipulation cases were detected.

A medium-and long-term development roadmap is very much needed for China’s ETS. Higher-level legislative support to strengthen market supervision and penalties for non-compliance are also necessary. With regard to the permit allocation, China’s national ETS needs to continuously tighten the benchmarks under a rate-based design and carefully plan a transition to a mass-based system to introduce a clear cap for covered emissions. Moreover, auctioning needs to be introduced to reduce free permit allocation and facilitate price discovery. In the next few years, China’s national ETS is expected to expand from the power sector to multiple industries and eventually to cover more than 8,000 companies, whose emissions account for 70 percent of China’s energy-related emissions. We are confident that a full-fledged national ETS can help China achieve its “dual-carbon” goals and lead the development of a global carbon pricing regime in the near future.

【小题1】Which of the following statements best describes ETS?
A.A market providing stage for emissions permits trade.
B.An approach encouraging alleviation of carbon emissions.
C.An implement marking the innovation of China’s ecological administration.
D.A system confining industries’ carbon emissions.
【小题2】Which of the following statements is TRUE according to the article?
A.The ETS was first raised by China all around the world.
B.Industries cannot release carbon exceeding the allocated permits under the ETS.
C.In China the ETS is only adopted within the power sector for now.
D.The permit allocation for each company depends on its producing capability under the ETS.
【小题3】Which of the following is NOT an advantage of China’s ETS?
A.It possesses more flexibility as opposed to western ones.
B.It shows great resilience before economic shocks.
C.It complies with the market principles.
D.It may bring more incomes to the companies.
【小题4】What is the best title of this article?
A.The ETS: Insight And Outlook
B.The ETS: Reduce Carbon Emissions
C.The ETS: A Milestone Of Ecological Administration
D.The ETS: Permits Can Be Bought
22-23高三上·湖南·阶段练习
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The fertile land of the Nile delta is being eroded (侵蚀) along Egypt’s Mediterranean coast at an astonishing rate, in some parts estimated at 100 metres per year. In the past, land washed away from the coastline by the currents of the Mediterranean Sea used to be replaced by sediment (沉淀物) brought down to the delta by the River Nile, but this is no longer happening.

Up to now, people have blamed this loss of delta land on the two large Aswan dams in the south of Egypt, which hold back almost all of the sediment that used to flow down the river. Before the dams were built, the Nile flowed freely carrying huge quantities of sediment. But when the Aswan dams were constructed to provide electricity and irrigation, and to protect the huge population centre of Cairo from annual flooding and drought, most of the sediment with its natural fertilizer accumulated up above the dam in the southern upstream half of Lake Nasser, instead of passing down to the della.

Now, however, there turns out to be more to the story. It appears that the sediment-free water picks up sand as it erodes the river bed and banks on the 800-kilometre trip to Cairo. Daniel Jean Stanley of the Smithsonian Institute noticed that water samples taken in Cairo indicated that the river sometimes carries more than 850 grams of sediment per cubic metre of water — almost half of what it carried before the dams were built.

International environmental organizations are beginning to pay closer attention to the region, partly because of the problems of erosion and pollution of the Nile delta, but mainly because they fear the impact this situation could have on the whole Mediterranean coastal ecosystem.

But there are no easy solutions. In the immediate future, Stanley believes that one solution would be to make artificial floods to flush out the delta waterways, in the same way that natural floods did before the construction of the dams. He says, however, that in the long term an alternative process such as desalination (脱盐) may have to be used to increase the amount of water available.

【小题1】What stopped the sediment coming down to the delta?
A.The Mediterranean Sea.B.The River Nile.
C.The Aswan dams.D.Lake Nasser.
【小题2】Why were the Aswan dams built?
A.To flush out the river beds.
B.To offer electricity and protection.
C.To make the water in the River Nile clean.
D.To keep the soil in the region nearby nutrient-rich.
【小题3】What can we infer from the third paragraph?
A.There is no need to worry about the delta.
B.The methods of measurement need improving.
C.Whether the situation is good or not remains to be seen.
D.The dams’ consequences are beyond people’s expectation.
【小题4】What is the last paragraph mainly about?
A.Difficulties to be settled.
B.Rewards for the challenge.
C.Severe influence of the situation.
D.Possible solutions to the problem.

It was once a shoreline buried by enough garbage to make it invisible (看不见的), thus, given the unfortunate nickname "toilet bowl" . Now the Philippines' Manila Bay beach is totally different, compared with a few months ago. It happened so suddenly and extremely that it brought tears to the eyes of the local people.

The cleanup started on 27 January, when 5, 000 volunteers descended on Manila Bay to remove over 45 tons (公吨) of garbage, marking the beginning of a nation-wide environmental campaign. But some two months before this great movement began, a quiet revolution was already underway.

During the first week of December 2018, Brooklyn- based Bounties Network collected three tons of garbage from Manila Bay every two days through a project that paid a small group of people, mostly fishermen, with a digital currency (数字货币) based on the Ethereum system.

For the mostly non-bank -using Filipino fishermen, this was a first-ever experience with a digital currency. It's one that proves decisive in enabling poor communities around the world to take up arms in the fight against humanity's waste.

There are signs that this recycling-for-digital payment industry may be just about to take off. Earlier in September 2018, Plastic Bank, a Vancouver -based company powered by IBM technology, also started a similar project. They set up a project in Naga, a town in southern Luzon, the country's largest island, building a collection point to let people exchange plastic and recyclable materials for digital payouts through a system.

That both these pioneers have chosen the Philippines as their first location is not surprising considering the country's contribution to ocean waste. A Wall Street Journal study in 2015 revealed that the Philippines make the third-largest amount of plastic waste into global oceans.

【小题1】Why did people call Manila Bay beach“toilet bowl” ?
A.It looked like a huge bowl.B.There were plenty of toilets.
C.It was covered by rubbish.D.People loved the toilets here.
【小题2】What does the underlined phrase“descended on”in paragraph 2 mean?
A.Completely depended on.B.Suddenly arrived at.
C.Occasionally decreased to.D.Gradually disappeared from.
【小题3】What made poor communities willing to fight against waste?
A.The benefits to their homeland.B.The desire to make a difference.
C.The chance to escape ocean pollution.D.The experience with a digital currency.
【小题4】What is the best title for the text?
A.Online system helps end ocean pollution.
B.Manila Bay beach is suddenly removed.
C.Plastic Bank is powerful in recycling waste.
D.Philippines make a great amount of waste.

Among the world’s waste-recycling pioneers, Germany is the leader. The country has quite a detailed way of sorting their waste-down to the color of glass waste, the type of paper, the separate bin for metals, etc.

Here below are what you should know about Germany’s waste sorting system:

◇You are expected to gather your waste in your apartment/housing area’s local public garbage bins.

◇There are commonly several types of public garbage bins available in the German’s apartment/housing areas:

Blue bin — for paper and cardboard

Green and white bin — for glass, different bins for differently colored glass, not available for holiday decorations and lights

Yellow/orange bin — for plastic and metals

Brown bin — for goods that can be changed naturally by bacteria into substances that don’t harm the environment, like leftovers, fruit and vegetables

Gray/black bin — for everything else that can’t be recycled such as used cat litter and animal waste

◇Some items don’t belong in these public garbage bins. Items like used batteries, electronics, unused paints, and lights must be returned to the special agent/locations so they can be properly recycled. Other items such as clothes, shoes, and oversized rubbish and furniture are advised to be donated or sold.

◇There’s this thing called Pfand in Germany, a certain part of the price for a bottled drink that you get back if you send back the bottle to certified (有资历的) shops. German law requires shops over a certain size selling bottled drinks have a Pfandruckgabestelle, or place for bottles with deposits (押金). These bottles usually made of glass or plastic will be refilled. Of course, there’re strict health regulations.

【小题1】Which bin should the fallen leaves be classified into?
A.The blue bin.B.The brown bin.
C.The grey/black bin.D.The green and white bin.
【小题2】How can Germans deal with some used sneakers?
A.By returning it to special agents.B.By placing it in a specific location.
C.By giving it away to those in need.D.By donating it to a Pfandruckgabestelle.
【小题3】What is the aim of Pfand
A.To collect money for some shops.B.To help shops reuse plastic or glass.
C.To reduce the broken bottles.D.To encourage bottles to be returned.

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