The evolution of markets for water pollution allowances in China: a case study of Jiaxing

Hao Wang, Sander Meijerink, Erwin van der Krabben and Huaguo Yang

Water International, 2022, vol. 47, issue 3, 361-382

Abstract: The central question this paper asks is: How can we understand the evolution of markets for water pollution allowances? To answer, we have conducted an in-depth study of the development of water pollution allowance markets in Jiaxing, China, which was one of the first cities to experiment with these markets. We have completed a longitudinal analysis and conclude that market design is a continual learning process, with adjustments to solve issues and to respond to external changes.

Date: 2022
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DOI: 10.1080/02508060.2021.2018181

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