The Carbon Emission Liability Mechanism: A New Solution for Global Carbon Neutrality

This open access book presents a novel Carbon Emission Liability Mechanism (CELM) and an integrated global Carbon Pricing Mechanism, based on a comprehensive analysis of the evolution of economic theory related to global climate change and the practice of carbon pricing instruments over the past 30 years. It further outlines a top-level design and implementation blueprint global based on CELM to achieve global carbon neutrality.

For the first time, the CELM mechanism effectively addresses the three fundamental questions regarding carbon emissions: who should be liable for carbon emission, how much liability, and how to offset it. The introduction of CELM may unveil a feasible third path towards global carbon neutrality, and effectively address numerous challenges of carbon tax and Emission Trading System.

CELM facilitates the creation of an efficient, cost-effective and comprehensive societal carbon footprint database, and addresses issues related to international carbon border regulation mechanism. While the world is struggling to tackcle the imminent climate crisis, CELM offers a refreshing global carbon neutrality solution, with its characteristics of more fair, more efficient, and less expensive, bringing new alternative options for the international community.

Dr. Yang Baoming holds a Ph.D. in Economics, a Master of Engineering from Tongji University. Yang Baoming is a member of Board of Trustees of Tongji University, the founder of Luban Software, and Vice President of Shanghai Zhejiang Chamber of Commerce. Dr. Yang has been recognized as a "Leading Pioneer" in Shanghai's urban digital transformation, a recipient of the Shanghai Software Industry Model award, and the Shanghai Science and Technology Progress Award.

Dr. Yang’s research interests encompass the economics of climate change, global carbon neutrality solutions, and digitalization.

He is also the author of “Breaking out of the Encirclement - New Thinking on Transformation and Upgrading of Chinese Construction Enterprises” and “BIM Changes the Construction Industry”.