G2TT
来源类型Working Papers
规范类型论文
来源IDWP-2016-008
Absolute vs. Intensity-based Caps for Carbon Emissions Target Setting: An Obstacle to Linking the EU ETS to a Chinese National ETS?
Yingying Zeng; Stefan E. Weishaar and Oscar Couwenberg
发表日期2016-04
出版年2016
语种英语
摘要

Linking the European Union Emissions Trading System (EU ETS) to the Chinese national ETS promises considerable economic and political benefits. However, different policy choices regarding cap setting between the systems are likely to impede a potential linking. A striking distinction is that the EU ETS relies upon an absolute cap, while the Chinese national ETS appears to apply an "intensity-based cap" during the early stages. The current linking literature focuses on mapping legal barriers in general and has not yet focused on EU and China, let alone the intricacies of policy design. This paper seeks to fill this gap by concentrating on (static and dynamic) efficiency and environmental effectiveness implications of linking and cap design. From the analysis of the cap we derive policy implications for a hypothetical ETS linking between the EU and China.

Key words: carbon market, emissions trading, EU ETS, cap setting, linking

JEL classification: Q54

URLhttp://ceepr.mit.edu/publications/working-papers/644
来源智库Center for Energy and Environmental Policy Research (United States)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/172797
推荐引用方式
GB/T 7714
Yingying Zeng,Stefan E. Weishaar and Oscar Couwenberg. Absolute vs. Intensity-based Caps for Carbon Emissions Target Setting: An Obstacle to Linking the EU ETS to a Chinese National ETS?. 2016.
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