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The Chinese government has committed to reduce its carbon dioxide emissions per unit gross domestic product by 60–65% from 2005 levels by 2030. In order to achieve this commitment, various measures should be taken. Due to the complex relationship between carbon emission and economic development, it is critical to quantify the impacts of different measures. Under such a circumstance, this paper is...
Emission trading scheme (ETS) is considered as a cost-effective way to cut emissions. This study evaluates the economic impacts of ETS policy by using a static computable general equilibrium (CGE) model in Shanghai, one of China’s seven ETS pilots. Three scenarios are set considering the target of Intended Nationally Determined Contributions (INDC) by 2030, including a reference scenario, carbon cap...
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