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Does Chinas Carbon Emission Trading Scheme Reduce Emissions Analyzing The Impact Of The Ets Pilots
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Book Synopsis Does China's Carbon Emission Trading Scheme Reduce Emissions? Analyzing the Impact of the Ets Pilots by : Laqiqige Zhu
Download or read book Does China's Carbon Emission Trading Scheme Reduce Emissions? Analyzing the Impact of the Ets Pilots written by Laqiqige Zhu and published by . This book was released on 2017 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the world cooperates to combat climate change, China, as the biggest greenhouse gas emitter, announced that it would launch a national carbon emission trading scheme (ETS) in 2017. Before this national ETS, China had already had seven pilots operated since 2013. These seven pilots are: Beijing, Tianjin, Shanghai, Chongqing, Guangdong, Hubei, Shenzhen, and they are running different ETS system according to their regional specific characteristics. Though the pilots have run for three years, there is limited quantitative research on their environment abatement effect. Most of the existing studies are qualitative and focusing on policy recommendations. This study tries to fill this gap and explore the ETSs impact on CO2 emission reductions quantitatively. I compare ETS pilots with non-ETS provinces, using a fixed effect model and synthetic control methods, to understand the effect of the pilot program on CO2 emissions. My regression results do not show a statistically significant negative relationship between being as ETS and the CO2 emissions. The synthetic control method suggests a negative relationship and a policy effect, after 2011 when the ETS was first announced.
Book Synopsis A Brief Overview of China’s ETS Pilots by : Daiqing Zhao
Download or read book A Brief Overview of China’s ETS Pilots written by Daiqing Zhao and published by Springer. This book was released on 2018-08-27 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book systematically introduces readers to the framework of China’s ETS pilots, exploring their design and operating process, the current state of the carbon market, and various barriers encountered. To do so, it deconstructs the Guangdong ETS, which is the largest and most representative of China’s seven ETS pilots. The book subsequently describes and evaluates all seven pilots in terms of their efficiency, macro and micro effects, the method involved in the DEA model, the CGE model, and cost-benefit analysis. In turn, in the assessment section it demonstrates how some ETS pilots have failed to control carbon emissions due to inordinately high emissions quotas issued by the local government etc. Further, it argues that ETS should focus on those industries with large emissions and high mitigating potential for the time being, and then gradually expand the scale of its coverage. As China’s national ETS is slated for launch on the basis of the lessons learned from the ETS pilots, the book offers a timely and valuable resource for all those who want to understand and forecast the development of China’s ETS. It includes a wealth of descriptions and explanations of Chinese government policies involving carbon emissions control, making it a unique resource.
Book Synopsis China's Emission Trading System In The Transition To A Low-carbon Economy by : Shaozhou Qi
Download or read book China's Emission Trading System In The Transition To A Low-carbon Economy written by Shaozhou Qi and published by World Scientific. This book was released on 2023-10-23 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book integrates the theory and practice of carbon trading at home and abroad, focusing on major theoretical and practical issues of establishing an emissions trading scheme (ETS) in China during its transition to a low-carbon economy. First, a theoretical analysis of the relationship between the transformation of the low-carbon economy and ETS is presented. Second, policy design, institutional evolution, market operation and practical effects of the major global ETSs are systematically compared. Third, the theoretical basis, key points, modelling methods, computational simulation, policy options and operational steps for key institutional and designing of policy elements in China's ETS are analyzed individually. Finally, policy recommendations for the top-level design of China's ETS are proposed.
Book Synopsis Carbon Emissions Trading in China by : Qin Tianbao
Download or read book Carbon Emissions Trading in China written by Qin Tianbao and published by Edward Elgar Publishing. This book was released on 2023-10-06 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: Emissions Trading Systems (ETS) have been hailed as a game changer for the evolving climate crisis. This book provides an in-depth analysis of China’s carbon ETS, including its legal and policy frameworks, carbon market mechanisms, and international and comparative implications.
Book Synopsis The Oxford Handbook of Health Economics by : Sherry Glied
Download or read book The Oxford Handbook of Health Economics written by Sherry Glied and published by OUP Oxford. This book was released on 2013-05-23 with total page 992 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Oxford Handbook of Health Economics provides an accessible and authoritative guide to health economics, intended for scholars and students in the field, as well as those in adjacent disciplines including health policy and clinical medicine. The chapters stress the direct impact of health economics reasoning on policy and practice, offering readers an introduction to the potential reach of the discipline. Contributions come from internationally-recognized leaders in health economics and reflect the worldwide reach of the discipline. Authoritative, but non-technical, the chapters place great emphasis on the connections between theory and policy-making, and develop the contributions of health economics to problems arising in a variety of institutional contexts, from primary care to the operations of health insurers. The volume addresses policy concerns relevant to health systems in both developed and developing countries. It takes a broad perspective, with relevance to systems with single or multi-payer health insurance arrangements, and to those relying predominantly on user charges; contributions are also included that focus both on medical care and on non-medical factors that affect health. Each chapter provides a succinct summary of the current state of economic thinking in a given area, as well as the author's unique perspective on issues that remain open to debate. The volume presents a view of health economics as a vibrant and continually advancing field, highlighting ongoing challenges and pointing to new directions for further progress.
Book Synopsis The Impact of China's Carbon Emissions Trading Pilot on Firm's Earnings Per Share by : Suwan(Cheng) Long
Download or read book The Impact of China's Carbon Emissions Trading Pilot on Firm's Earnings Per Share written by Suwan(Cheng) Long and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In September 2011, the General Office of China's National Development and Reform Commission issued the Notice on the Pilot Project of Carbon Emissions Trading. Over the past decade, the carbon emission trading system (ETS) has gradually developed in China. Based on a quasi-natural experiment of China's carbon emission trading market pilot program, a PSM-DDD model is used to test the impact of the policy on the EPS of listed companies which is classified as key GHG emitters in the pilot region from 2009 to 2014, accurately evaluate the impact of the ETS policy, and compares it with the DID method. The empirical results show that the carbon trading pilot policy reduces the EPS of firms, which is due to the higher cost of meeting the emission reduction obligations and the purchase of carbon allowances.
Book Synopsis The Effect of Emissions Trading System Policy on Co2 Emissions in China by : ZIXIAN LIU
Download or read book The Effect of Emissions Trading System Policy on Co2 Emissions in China written by ZIXIAN LIU and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Environmental pollution and global warming have already significantly damaged the natural ecological environment, and greenhouse gas emissions from human activities are the primary culprit of the phenomena from the 20th century. China gives the issue of climate change a lot of attention and actively uses carbon emissions trading to encourage emission reduction. This study investigates how China's carbon emission trading scheme has affected carbon emissions by constructing a heterogeneous timing DID model based on the data from 14 provinces in China from 2007-2019. The study finds that: the 1% significance level with a coefficient of -0.069 implies that the policy reduces carbon emissions by 6.9% on average. The role of the carbon market is significant, and the finding passes the robustness tests. There is spatial heterogeneity in the effects of policy implementation in different regions and provinces with different industrial scale; the government's emphasis on clean energy consumption is the mechanism of action of low ETS pilot policies to promote regional emission reduction. And our study finds that when the regional market degree is relatively backward, the effect of the ETS pilot policy on CO2 treatment is more obvious. And the effect of the ETS pilot policy on CO2 governance is more significant in provinces with a relatively low degree of market.
Book Synopsis Interactions Between China’s National Emissions Trading Scheme and Electricity Market: Practices and Policies by : Tsun Se Cheong
Download or read book Interactions Between China’s National Emissions Trading Scheme and Electricity Market: Practices and Policies written by Tsun Se Cheong and published by Frontiers Media SA. This book was released on 2023-11-03 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s national carbon market, the world’s largest emissions trading scheme (ETS), kicked off its first online trade recently. This can be called a milestone for the country towards the nation’s goals of having CO2 emissions peak before 2030 and achieving carbon neutrality by 2060. China’s national ETS initially covers the power sector, before being expanded to a much broader set of energy-intensive industries. On one hand, the electricity sector, the largest carbon-emitting industry, is responsible for about 40% of China’s emissions, and it has great significance to response to global climate change. On the other hand, the effectiveness of China’s ETS will rest on how well it is coordinated with power market regulations and policies. In this regard, the deepening of reform, as well as the advanced technology and its applications in the electricity market will add new challenges and opportunities to electricity trade, which, in turn, influences national ETS. Therefore, this brings urgency to accurately capture the dynamic interactions between national ETS and electricity market to transform carbon trading into a practical and effective way to decarbonize the power sector.
Book Synopsis Emission Trajectories and Mitigation Schemes for China by : Kai Fang
Download or read book Emission Trajectories and Mitigation Schemes for China written by Kai Fang and published by Taylor & Francis. This book was released on 2023-11-21 with total page 205 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book seeks to model the possible emission trajectories and identify the feasible mitigation schemes for China to meet its climate commitments to peak emissions before 2030 and net zero emissions before 2060. In line with these ambitions, China has taken a number of measures to improve carbon efficiency and energy structure in recent years. The book first analyzes changes in the carbon footprint at the city level, identify the different pathways to peak emissions by province and industry, and develop a bottom-up approach to determining when and how China could reach peak emissions. It then illustrates how the Emissions Trading Scheme (ETS) reduces abatement costs, and examines the cost-saving effects under carbon intensity reduction and peak emissions targets. Based on the findings and the status quo in China, the authors propose a multicriteria allocation scheme for carbon emission allowances at the provincial level and quantify the impact of sectoral coverage on the abatement costs of the ETS by developing a cost-based approach to sectoral coverage in China. In addition, the co-benefits between CO2 and PM2.5 reductions as a result of the ETS operation are elaborated. The book will benefit researchers and policy-makers interested in environmental governance, climate policy, environmental economics, and sustainable development.
Book Synopsis Carbon Emissions Trading in China by : Qin Tianbao
Download or read book Carbon Emissions Trading in China written by Qin Tianbao and published by Edward Elgar Publishing. This book was released on 2023-10-19 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Emissions Trading Systems (ETS) have been hailed as a game changer for the evolving climate crisis. This book provides an in-depth analysis of China's carbon ETS, including its legal and policy frameworks, carbon market mechanisms, and international and comparative implications. With nine cutting-edge topics divided into three thematic parts, this comprehensive book probes the essential concepts, contemporary research, and key elements of carbon emissions trading in China. Multidisciplinary in scope, the book draws on insights from law, policy, economics, environmental management, and geopolitics, to provide a comprehensive and nuanced analysis of the development of carbon emissions trading in China. Placing China's carbon ETS within the broader context of international efforts to address climate change, it provides a comparative perspective with international value. This book will be an essential resource for scholars and researchers of international and comparative climate law and policy, environmental management, economics, and climate politics. It will prove an indispensable guide for students of Chinese law, climate law, environmental policy, and comparative environmental law. Practitioners, policymakers, and government officials working in climate governance seeking the state-of-the-art of the development of ETS in China will also benefit greatly from its insights.
Book Synopsis Emissions Trading Schemes and Their Linking by : Asian Development Bank
Download or read book Emissions Trading Schemes and Their Linking written by Asian Development Bank and published by Asian Development Bank. This book was released on 2016-04-01 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: Asia and the Pacific has achieved rapid economic expansion in the recent years and has become a major source of greenhouse gas (GHG) emissions. With more than half of the world’s population and high rates of economic growth, the region is especially vulnerable to the effects of climate change and therefore must play its part in cutting GHG emissions. The Paris Agreement adopted last December 2015 at the United Nations Framework Convention on Climate Change COP21 aims to restrict global warming to well below 2°C above preindustrial levels and to pursue efforts to reach 1.5°C---which is especially relevant to Asia and the Pacific region given its vulnerability. This knowledge product highlights how robust policies on emissions trading systems (ETS) can be important tools in reducing GHG emissions in a cost-effective manner, as well as supporting the mobilization of finance together with deployment of innovative technologies. There are currently 17 ETSs in place in four continents and account for nearly 40% of global gross domestic product. In Asia and the Pacific region, there are 11 systems operating, with more being planned. The growing wealth of experience on ETSs can be valuable to support DMCs that are planning and designing new systems of their own. This knowledge product summarizes some of the most significant learning experiences to date and discusses some of the solutions to alleviate challenges that have been faced. It also examines the possibilities for future linked carbon markets in the region.
Book Synopsis Carbon Pricing in Japan by : Toshi H. Arimura
Download or read book Carbon Pricing in Japan written by Toshi H. Arimura and published by Springer Nature. This book was released on 2020-09-17 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book evaluates, from an economic perspective, various measures introduced in Japan to prevent climate change. Although various countries have implemented such policies in response to the pressing issue of climate change, the effectiveness of those programs has not been sufficiently compared. In particular, policy evaluations in the Asian region are far behind those in North America and Europe due to data limitations and political reasons. The first part of the book summarizes measures in different sectors in Japan to prevent climate change, such as emissions trading and carbon tax, and assesses their impact. The second part shows how those policies have changed the behavior of firms and households. In addition, it presents macro-economic simulations that consider the potential of renewable energy. Lastly, based on these comprehensive assessments, it compares the effectiveness of measures to prevent climate change in Japan and Western countries. Providing valuable insights, this book will appeal to both academic researchers and policymakers seeking cost-effective measures against climate change.
Book Synopsis Environment, Energy and Economy by : Yoichi & Yokobori
Download or read book Environment, Energy and Economy written by Yoichi & Yokobori and published by . This book was released on 2002-09 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Pricing Carbon by : A. Denny Ellerman
Download or read book Pricing Carbon written by A. Denny Ellerman and published by . This book was released on 2014-05-14 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first detailed description and analysis of the European Union Emissions Trading Scheme.
Book Synopsis Price Dynamics in China by : International Monetary Fund
Download or read book Price Dynamics in China written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-09-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chinese inflation, particularly non-food inflation, has been surprisingly modest in recent years. We find that supply factors, including those captured through upstream foreign commodity and producer prices, have been important drivers of non-food inflation, as has foreign demand for Chinese goods. Domestic demand and monetary conditions seem less important, possibly reflecting a large domestic output gap generated by many years of high investment. Inflation varies systemically within China, with richer (and urban) provinces having lower, more stable, inflation, but this urban inflation also influence that in lower-income provinces. Higher Mainland food inflation also raises inflation in non-Mainland China.
Book Synopsis Carbon Finance and Productivity by : Yuke Zhang
Download or read book Carbon Finance and Productivity written by Yuke Zhang and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A carbon emission trading system (ETS) is a carbon finance system based on carbon allowances and emission reductions to address climate risks. This study investigates the effects of China's pilot ETSs on firm productivity using a quasi-natural experiment. The results show that the ETS effectively addresses the challenges of climate change but has a significant negative effect on productivity. Theoretical and empirical mechanism tests indicate that the ETS affects productivity by crowding out technological innovation, productive capital, and productive labor, leading to a decline in technology productivity, labor productivity, and capital productivity. Moreover, this study finds that the effects of the ETS on productivity depend on the ownership type and the institutional environment. No statistically significant effects of the ETS on productivity occur in state-owned firms, but significant negative effects are observed in private firms and foreign-owned firms, with larger effects in the former than the latter. The magnitude of the significant negative effects is twice as large for firms with poor institutional environments than for those with good institutional environments.
Book Synopsis Limited Sectoral Trading Between the European Union Emission Trading Scheme and China by : Claire M. Gavard
Download or read book Limited Sectoral Trading Between the European Union Emission Trading Scheme and China written by Claire M. Gavard and published by . This book was released on 2013 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the negotiations of the United Nations Framework Convention on Climate Change (UNFCCC), new market mechanisms are proposed to involve Non-Annex I countries in the carbon markets developed by Annex I countries, beyond their current involvement through the Clean Development Mechanism (CDM). Sectoral trading is one such mechanism. It would consist of coupling one economic sector of a Non-Annex I country, e.g., the Chinese electricity sector, with the carbon market of some Annex I countries, e.g., the European Union Emission Trading Scheme (EU ETS). Previous research analyzed the potential impacts of such a mechanism and concluded that a limit would likely be set on the amount of carbon permits that could be imported from the non-Annex I country to the Annex I carbon market, should such a mechanism come into effect. This paper analyzes the impact of limited trading in carbon permits between the EU ETS and Chinese electricity sector when the latter is constrained by a 10% emissions reduction target below business as usual by 2030. The limit on the amount of Chinese carbon permits that could be sold into the European carbon market is modeled through the introduction of a trade certificate system. The analysis employs the MIT Emissions Prediction and Policy Analysis (EPPA) model and takes into account the banking-borrowing of allowances and the inclusion of aviation emissions in the EU ETS. We find that if the amount of permits that can be imported from China to Europe is 10% of the total amount of European allowances, the European carbon price decreases by 34%, while it decreases by 74 % when sectoral trading is not limited. As a consequence, limited sectoral trading does not reverse the changes initiated in the European electricity sector as much as unlimited sectoral trading would. We also observe that international leakage and leakage to non-electricity sectors in China are lower under limited sectoral trading, thus achieving more emissions reductions at the aggregate level. Finally, we find that, if China can capture the rents due to the limit on sectoral trading, it is possible to find a limit that makes both regions better off relative to when there is no international trade in carbon permits..
