Equity and emissions trading in China
China has embarked on an ambitious pathway for establishing a national carbon market in the next 5–10 years. In this study, we analyze the distributional aspects of a Chinese emissions-trading scheme from ethical, economic, and stated-preference perspectives. We focus on the role of emissions permit...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
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Springer Netherlands
2017
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| Online Access: | http://hdl.handle.net/1721.1/106478 |
| _version_ | 1811093532804382720 |
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| author | Zhang, Da Springmann, Marco Karplus, Valerie Jean |
| author2 | Sloan School of Management |
| author_facet | Sloan School of Management Zhang, Da Springmann, Marco Karplus, Valerie Jean |
| author_sort | Zhang, Da |
| collection | MIT |
| description | China has embarked on an ambitious pathway for establishing a national carbon market in the next 5–10 years. In this study, we analyze the distributional aspects of a Chinese emissions-trading scheme from ethical, economic, and stated-preference perspectives. We focus on the role of emissions permit allocation and first show how specific equity principles can be incorporated into the design of potential allocation schemes. We then assess the economic and distributional impacts of those allocation schemes using a computable general equilibrium model with regional detail for the Chinese economy. Finally, we conduct a survey among Chinese climate-policy experts on the basis of the simulated model impacts. The survey participants indicate a relative preference for allocation schemes that put less emissions-reduction burden on the western provinces, a medium burden on the central provinces, and a high burden on the eastern provinces. Most participants show strong support for allocating emissions permits based on consumption-based emissions responsibilities. |
| first_indexed | 2024-09-23T15:46:37Z |
| format | Article |
| id | mit-1721.1/106478 |
| institution | Massachusetts Institute of Technology |
| language | English |
| last_indexed | 2024-09-23T15:46:37Z |
| publishDate | 2017 |
| publisher | Springer Netherlands |
| record_format | dspace |
| spelling | mit-1721.1/1064782022-09-29T16:04:03Z Equity and emissions trading in China Zhang, Da Springmann, Marco Karplus, Valerie Jean Sloan School of Management Karplus, Valerie Jean China has embarked on an ambitious pathway for establishing a national carbon market in the next 5–10 years. In this study, we analyze the distributional aspects of a Chinese emissions-trading scheme from ethical, economic, and stated-preference perspectives. We focus on the role of emissions permit allocation and first show how specific equity principles can be incorporated into the design of potential allocation schemes. We then assess the economic and distributional impacts of those allocation schemes using a computable general equilibrium model with regional detail for the Chinese economy. Finally, we conduct a survey among Chinese climate-policy experts on the basis of the simulated model impacts. The survey participants indicate a relative preference for allocation schemes that put less emissions-reduction burden on the western provinces, a medium burden on the central provinces, and a high burden on the eastern provinces. Most participants show strong support for allocating emissions permits based on consumption-based emissions responsibilities. China. Ministry of Science and Technology (Grant No. 2012BAC20B07) Rio Tinto (Group) 2017-01-12T22:56:37Z 2017-01-12T22:56:37Z 2015-10 2013-12 2016-08-18T15:19:15Z Article http://purl.org/eprint/type/JournalArticle 0165-0009 1573-1480 http://hdl.handle.net/1721.1/106478 Zhang, Da, Marco Springmann, and Valerie J. Karplus. “Equity and Emissions Trading in China.” Climatic Change 134.1–2 (2016): 131–146. en http://dx.doi.org/10.1007/s10584-015-1516-x Climatic Change Creative Commons Attribution-Noncommercial-Share Alike http://creativecommons.org/licenses/by-nc-sa/4.0/ Springer Science+Business Media Dordrecht application/pdf Springer Netherlands Springer Netherlands |
| spellingShingle | Zhang, Da Springmann, Marco Karplus, Valerie Jean Equity and emissions trading in China |
| title | Equity and emissions trading in China |
| title_full | Equity and emissions trading in China |
| title_fullStr | Equity and emissions trading in China |
| title_full_unstemmed | Equity and emissions trading in China |
| title_short | Equity and emissions trading in China |
| title_sort | equity and emissions trading in china |
| url | http://hdl.handle.net/1721.1/106478 |
| work_keys_str_mv | AT zhangda equityandemissionstradinginchina AT springmannmarco equityandemissionstradinginchina AT karplusvaleriejean equityandemissionstradinginchina |