What is it about?
First empirical evaluation on carbon mitigation effects of China carbon trading market
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Why is it important?
China launched seven emissions trading scheme (ETS) pilot projects in 2013–2014 to explore a cost-effective approach for low-carbon development. To ensure the success of ETS in the PRC, it is necessary to gain a better understanding of the experiences and lessons learned in the pilot projects. In this paper, we provide a policy overview of the seven pilot projects, including policy design, legislative basis, and market performance. We use the synthetic control method to evaluate the carbon mitigation effect of each of the seven ETS pilots.
Perspectives
Our findings are that success has been limited and uneven across the pilot projects, which warrants deeper evaluation of the differences between them and caution in scheme expansion.
Miss XING CHEN
Peking University
Read the Original
This page is a summary of: Carbon Trading Scheme in the People's Republic of China: Evaluating the Performance of Seven Pilot Projects, Asian Development Review, August 2018, The MIT Press,
DOI: 10.1162/adev_a_00117.
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