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Pàgina inicial > Articles > Articles publicats > Testing mechanisms through which China's ETS promotes a low-carbon transition |
Data: | 2024 |
Resum: | China regards an emission trading scheme (ETS) as the most promising approach for reducing its carbon dioxide emissions. However, there are still disagreements about the effectiveness of China's ETS (CETS). To settle this issue, we test the impact of CETS on key mechanisms driving a low-carbon transition. We use the difference-in-difference method to analyze data for coal-power plants participating in China's carbon trading pilot. This involves the use of two variables based on life-cycle indicators, namely 'energy return on energy invested' (EROI) and 'energy return on carbon invested' (EROC). We obtain three main findings: (1) a mediating effect of supply-side reform is significant; (2) this effect is stronger for more intense technological innovation and government intervention; (3) the influence of CETS on a low-carbon transition is independent of the development of clean energy. Overall, we conclude that the scope of CETS should be extended to other emitters to fully unleash its potential for reducing carbon emissions. |
Ajuts: | European Commission 741087 Ministerio de Economía y Competitividad MDM-2015-0552 |
Nota: | Unidad de excelencia María de Maeztu CEX2019-000940-M |
Drets: | Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució, i la comunicació pública de l'obra, sempre que no sigui amb finalitats comercials, i sempre que es reconegui l'autoria de l'obra original. No es permet la creació d'obres derivades. |
Llengua: | Anglès |
Document: | Article ; recerca ; Versió acceptada per publicar |
Matèria: | Carbon pricing ; Emission trading ; Energy transition ; EROC ; EROI ; SDG 7 - Affordable and Clean Energy |
Publicat a: | Energy Economics, Vol. 132 (April 2024) , art. 107494, ISSN 1873-6181 |
Disponible a partir de: 2026-04-30 Postprint |