Participants of the workshop in Catillo Hot Springs (Parral)

EfD Chile researchers discussed local environmental policy with politicians and other stakeholders

The Eigth Annual Meeting on Environmental Economics was marked by face-to-face attendance and included the participation of representatives from the academic, political, business, and civil society…

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

Submitted by Hang Yin on

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.

Carbon Pricing, Policy Design