Unintended consequences of cap-and-trade? Evidence from the Regional Greenhouse Gas Initiative
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The performance of China's regional pilot ETSs is far below that (19-24%) of the Regional Greenhouse Gas Initiative (RGGI), nearing that (7-12%) of the European Union Emissions Trading System (EU ETS), almost equals to that (5-7%) of the Tokyo ETS, and being superior to the California ETS.
“This performance is far below that (19–24%) of the Regional Greenhouse Gas Initiative (RGGI),55,56 nearing that (7–12%) of the European Union Emissions Trading System (EU ETS),57,58 almost equals to that (5–7%) of the Tokyo ETS,59,60 and being superior to the California ETS.61,62”
From Carbon Abatement and Leakage in China's Regional Carbon Emission Trading (2024) · cites this paper as [55]
The finding is consistent with two previous studies on China's regional ETSs, and the comparison of the industry-based RGGI and the EU ETS with the service-based Tokyo ETS shows similar result.
“The finding is consistent with two previous studies on China’s regional ETSs,35,39 and the comparison of the industry-based RGGI and the EU ETS with the service-based Tokyo ETS shows similar result,55,57,59”
From Carbon Abatement and Leakage in China's Regional Carbon Emission Trading (2024) · cites this paper as [55]
Cites
Air pollution and mortality in the Medicare population
Di, Q., Wang, Y., Zanobetti, A., Wang, Y., Koutrakis, P., Choirat, C., Dominici, F., & Schwartz, J. D. (2017) · New England Journal of Medicine · doi:10.1056/nejmoa1702747 · Cited by 1,510 · see citing works
Murray, B. C., & Maniloff, P. T. (2015) · Energy Economics · doi:10.1016/j.eneco.2015.07.013 · Cited by 134 · see citing works
Leakage from Sub-national Climate Policy: The Case of California’s Cap-and-Trade Program
Caron, J., Rausch, S., & Winchester, N. (2015) · The Energy Journal · doi:10.5547/01956574.36.2.8 · Cited by 71 · see citing works
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Carbon Abatement and Leakage in China's Regional Carbon Emission Trading
Jiang, J., Ye, B., Zeng, Z., Yang, X., Sun, Z., Shao, S., Feng, K., & Tan, X. (2024) · Environmental Science & Technology · doi:10.1021/acs.est.4c04738 · Cited by 23 · see citing works
- Authors
- Chan, N. W., & Morrow, J. W.
- Affiliations
- University of Massachusetts Amherst (US)
- TD Bank (US)
- Corresponding author
- Chan, Nathan W.
- ORCID
- Chan, Nathan W.
- Venue
- Energy Economics
- Publisher
- Elsevier BV
- Published
- 2019-05
- Volume
- 80
- Pages
- 411-422
- ISSN
- 0140-9883 (ISSN-L)
- OpenAlex
- W2914228139
- Cited by
- 65
- References
- 3
- Citations by year
- 2026: 7 · 2025: 14 · 2024: 9 · 2023: 13 · 2022: 10 · 2021: 6 · 2020: 6
- FWCI
- 6.87
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Energy Economics (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Climate Change Policy and Economics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Energy, Environment, Economic Growth
- Physical Sciences › Energy › Renewable Energy, Sustainability and the Environment › Renewable energy and sustainable power systems
- Keywords
- emissions trading, Regional Greenhouse Gas Initiative, CO2 emissions, sulfur dioxide emissions, unintended consequences, emissions leakage, marginal damage, power plant emissions, air quality policy
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