Institutions and Emissions Trading in China
Institutions—the formal rules and informal norms that shape human interaction ( North 1991 )—have the potential to influence the oper - ation of an emissions trading system ( ETS ). For instance, preexisting economic regulation has been shown to affect firms’ abatement decisions and costs...
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| Format: | Article |
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American Economic Association
2019
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| Online Access: | http://hdl.handle.net/1721.1/120860 |
| _version_ | 1826188739871768576 |
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| author | Karplus, Valerie Jean |
| author2 | Massachusetts Institute of Technology. Department of Civil and Environmental Engineering |
| author_facet | Massachusetts Institute of Technology. Department of Civil and Environmental Engineering Karplus, Valerie Jean |
| author_sort | Karplus, Valerie Jean |
| collection | MIT |
| description | Institutions—the formal rules and informal norms that shape human interaction ( North 1991 )—have the potential to influence the oper - ation of an emissions trading system ( ETS ). For instance, preexisting economic regulation has been shown to affect firms’ abatement decisions and costs (Fowlie 2010). Transaction costs can also interfere with cost-effective operation by reducing trading levels and increasing abatement costs (Stavins 1995). As China develops a national ETS for carbon dioxide (CO₂) covering multiple energy-intensive sectors, it is important to consider how its design will interact with prevailing institutional features of the country’s economy. This paper focuses specifically on the role of state control of industry, one source of heterogeneity that will affect efforts to establish an ETS in China’s vast and diverse economic system. |
| first_indexed | 2024-09-23T08:04:19Z |
| format | Article |
| id | mit-1721.1/120860 |
| institution | Massachusetts Institute of Technology |
| last_indexed | 2024-09-23T08:04:19Z |
| publishDate | 2019 |
| publisher | American Economic Association |
| record_format | dspace |
| spelling | mit-1721.1/1208602022-09-30T07:16:13Z Institutions and Emissions Trading in China Karplus, Valerie Jean Massachusetts Institute of Technology. Department of Civil and Environmental Engineering Massachusetts Institute of Technology. Institute for Data, Systems, and Society MIT Energy Initiative Sloan School of Management Karplus, Valerie Jean Institutions—the formal rules and informal norms that shape human interaction ( North 1991 )—have the potential to influence the oper - ation of an emissions trading system ( ETS ). For instance, preexisting economic regulation has been shown to affect firms’ abatement decisions and costs (Fowlie 2010). Transaction costs can also interfere with cost-effective operation by reducing trading levels and increasing abatement costs (Stavins 1995). As China develops a national ETS for carbon dioxide (CO₂) covering multiple energy-intensive sectors, it is important to consider how its design will interact with prevailing institutional features of the country’s economy. This paper focuses specifically on the role of state control of industry, one source of heterogeneity that will affect efforts to establish an ETS in China’s vast and diverse economic system. 2019-03-11T16:23:45Z 2019-03-11T16:23:45Z 2018 2019-02-14T18:39:46Z Article http://purl.org/eprint/type/JournalArticle 2574-0768 http://hdl.handle.net/1721.1/120860 Karplus, Valerie Jean. “Institutions and Emissions Trading in China.” AEA Papers and Proceedings 108 (2018): 468–72. http://dx.doi.org/10.1257/PANDP.20181030 AEA Papers and Proceedings Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use. application/pdf American Economic Association American Economic Association |
| spellingShingle | Karplus, Valerie Jean Institutions and Emissions Trading in China |
| title | Institutions and Emissions Trading in China |
| title_full | Institutions and Emissions Trading in China |
| title_fullStr | Institutions and Emissions Trading in China |
| title_full_unstemmed | Institutions and Emissions Trading in China |
| title_short | Institutions and Emissions Trading in China |
| title_sort | institutions and emissions trading in china |
| url | http://hdl.handle.net/1721.1/120860 |
| work_keys_str_mv | AT karplusvaleriejean institutionsandemissionstradinginchina |