Economics, Econometrics and Finance
2 years ago

Carbon Trading Schemes Struggle to Spur Eco-Transition, Experts Warn

Edward Elgar Publishing eBooks
Incentivizing carbon transition - a comparison of carbon trading in the EU and China
Stefan Weishaar, Kateryna Holzer, Bingyu Liu

Paper Summary

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The article compares carbon trading systems in the EU and China to see how well they encourage a shift to cleaner energy. It looks at rules that support prices, allow offsets, and prevent carbon leakage. The EU system protects industry but doesn't push for a low-carbon economy. China's system is still a bit of a mystery. To really push for change, adjustments may be needed to make sure industries don't just move their pollution elsewhere.