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

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.

Paul Romer

Paul Romer, an economist and policy entrepreneur, is a University Professor on leave from NYU. Romer was the former Director of the Marron Institute and the founding director of the Urbanization Project at the Leonard N. Stern School of Business. The Urbanization Project conducts applied research on the many ways in which policymakers in the developing world can use the rapid growth of cities to create economic opportunity and undertake systemic social reform.