A bilateral collaborative program of research and bilateral exchange between researchers in China and Australia, led by the Centre for Climate Economics and Policy at ANU Crawford School. The focus is on enabling conditions and instruments for climate change mitigation, as well as implications for economic development, investment and trade. The research helps to understand needs and options for the application of market-based instruments for emissions reductions and market reform as an enabler of climate change mitigation. The project provides information and insights about China’s policy options and development, including through bilateral dialogue. The program builds on an earlier bilateral research collaboration, the Australia-China research program on market mechanisms for climate change policy (2013-15). The program is partly funded by an Australian government grant.