China's unconventional nationwide CO2 emissions trading system: Cost-effectiveness and distributional impacts

Lawrence H. Goulder, Xianling Long, Jieyi Lu and Richard D. Morgenstern

Journal of Environmental Economics and Management, 2022, vol. 111, issue C

Abstract: 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.

Keywords: China climate Policy; Tradable performance standard; Cap and trade; Carbon pricing; Cost effectiveness; Distributional impacts (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeeman:v:111:y:2022:i:c:s0095069621001133

DOI: 10.1016/j.jeem.2021.102561

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