General Equilibrium Analysis of Cost-Effectiveness and Distributional Impacts of China’s Nationwide CO2 Emissions Trading System | Asia Society Skip to main content

Unsupported Browser Detected.
It seems the web browser you're using doesn't support some of the features of this site. For the best experience, we recommend using a modern browser that supports the features of this website. We recommend Google Chrome, Mozilla Firefox, or Microsoft Edge

  • Center for China Analysis
    • About
    • Domestic Politics
    • Economy and Technology
    • Foreign Policy and National Security
    • Climate, Energy, and the Environment
    • Society, Culture, Public Health, and Education
  • Topics
    • Climate & Energy
    • Security & Diplomacy
    • Trade, Investment, & Innovation
    • Society, Technology, & Public Health
  • Countries & Regions
    • Australia
    • Central Asia
    • East Asia
    • Oceania
    • South Asia
    • Southeast Asia
    • West Asia
  • Publications
    • All Publications
    • ASPI Notes
    • Initiatives
  • Interactives
  • Watch & Listen
    • Video
    • Podcasts
  • Events
    • Past Events
  • About
    • Mission
    • How We Work
    • Institutional Independence
    • Staff and Fellows
    • Network of Experts
    • Supporters
    • News
    • Contact
    • Careers
    • Schwartz Book Award
    • Join Our Email List
  • Support Us
Search
Asia Society Policy Institute
  • Center for China Analysis
    • About
    • Domestic Politics
    • Economy and Technology
    • Foreign Policy and National Security
    • Climate, Energy, and the Environment
    • Society, Culture, Public Health, and Education
  • Topics
    • Climate & Energy
    • Security & Diplomacy
    • Trade, Investment, & Innovation
    • Society, Technology, & Public Health
  • Countries & Regions
    • Australia
    • Central Asia
    • East Asia
    • Oceania
    • South Asia
    • Southeast Asia
    • West Asia
  • Publications
    • All Publications
    • ASPI Notes
    • Initiatives
  • Interactives
  • Watch & Listen
    • Video
    • Podcasts
  • Events
    • Past Events
  • About
    • Mission
    • How We Work
    • Institutional Independence
    • Staff and Fellows
    • Network of Experts
    • Supporters
    • News
    • Contact
    • Careers
    • Schwartz Book Award
    • Join Our Email List
  • Support Us

General Equilibrium Analysis of Cost-Effectiveness and Distributional Impacts of China’s Nationwide CO2 Emissions Trading System

Report

turbines
Eric Yang/ Getty Images

Download the Report

Download

China introduced the world's largest emissions trading system in 2021 which is intended to help cost-effectively achieve its pledges of reaching a peak in CO2 emissions before 2030 and carbon neutrality before 2060. The system is a tradable performance standard (TPS) with a bottom-up intensity-based emissions cap, unlike a top-down absolute cap approach commonly used globally.  

General Equilibrium Analysis of Cost-Effectiveness and Distributional Impacts of China’s Nationwide CO2 Emissions Trading System developed and applied a multi-sector, multi-period general equilibrium model to assess the emissions, energy mix, and economic impacts of a series of options for the future development of this policy. These included cap-setting, benchmark design, auction design, and sectoral expansion, with valuable insights provided on the potential future evolution of this policy. 

Attachment

  • General Equilibrium Analysis of Cost-Effectiveness and Distributional Impacts of China’s Nationwide CO2 Emissions Trading System (PDF, 3.22 MB)

Related Initiative

Building the Chinese Carbon Market and Its Regional Connections

Building the Chinese Carbon Market and Its Regional Connections

Works to enhance the regional and global fight against climate change through carbon market maturation and cooperation in Asia.
About
  • Mission & History
  • Our People
  • Become a Member
  • Career Opportunities
  • Corporate Involvement
visit us
  • Hong Kong
  • New York
  • Texas
global network
  • Australia
  • France
  • India
  • Japan
  • Korea
  • Northern California
  • Philippines
  • Seattle
  • Southern California
  • Switzerland
  • Washington, D.C.
resources
  • Arts
  • Asia Society Magazine
  • ChinaFile
  • Education
  • Policy
  • Video
shop
  • AsiaStore
initiatives
  • Arts & Museum Summit
  • Asia 21 Next Generation Fellows
  • Asia Arts Game Changer Awards
  • Asia Game Changer Awards
  • Asia Society Museum: The Asia Arts & Museum Network
  • Asia Society Policy Institute
  • Asian Women Empowered
  • Center on U.S.-China Relations
  • Coal + Ice
  • Creative Voices of Muslim Asia
  • Global Cities Education Network
  • Global Talent Initiatives
  • U.S.-Asia Entertainment Summit
  • U.S.-China Dialogue
  • U.S.-China Museum Summit
Connect
. Asia Society Twitter Account . Asia Society Instagram Account . Asia Society Facebook Account . Asia Society LinkedIn Account . Asia Society YouTube Account
Email Signup For the media
Asia Society logo
©2023 Asia Society | Privacy Statement | Accessibility | Terms & Conditions | Sitemap | Contact

Asia Society takes no institutional position on policy issues and has no affiliation with any government.
The views expressed by Asia Society staff, fellows, experts, report authors, program speakers, board members, and other affiliates are solely their own. Learn more.

 

 

  • Visit Us
  • Hong Kong
  • New York
  • Texas
  • Global Network
  • Australia
  • France
  • India
  • Japan
  • Korea
  • Northern California
  • Philippines
  • Seattle
  • Southern California
  • Switzerland
  • Washington, DC