China's unconventional nationwide CO2 emissions trading system: Cost-effectiveness and distributional impacts
Journal of Environmental Economics and Management(2022)
摘要
China is implementing what is expected to become the world's largest CO2 emissions trading system. To reduce emissions, the nation employs a tradable performance standard (TPS), a rate-based instrument differing significantly from cap&trade (C&T) and a carbon tax, emissions pricing instruments used elsewhere. With matching analytically and numerically solved models, we assess the cost-effectiveness and distributional impacts of China's TPS for reducing CO2 emissions from the power sector.
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关键词
China climate Policy,Tradable performance standard,Cap and trade,Carbon pricing,Cost effectiveness,Distributional impacts
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