PRC’s Carbon Market: Accelerating a Green Economy in the People's Republic of China and Reducing Global Emissions

Event: Asia Clean Energy Forum 2019

PRC’s Carbon Market: Accelerating a Green Economy in the People's Republic of China and Reducing Global Emissions

20 June 2019
Author / Speaker: 
Yifei Zhang, International Business School
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Adopting a carbon emission trading system provide a theoretical way to solve the problem of inefficient allocation of carbon emission rights and may bring huge potentials for energy saving and emission reduction. This presentation explored the emission reduction effect of carbon emission trading mechanism using DID and PSM-DID measurement methods and city-level data in China from 2004 to 2015. The results show that the implementation of the carbon emission trading system has significant emission reduction effects for the 11 pilot cities studied. The pilot areas should be expanded gradually from the eastern region to the central and western regions through demonstration effect. 

Geographical Focus: 
China, People's Republic of
Type of Content: 
Learning Event

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