Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Climate change mitigation policies Location: Auditorium K Session Chair: Jie-Sheng Tan-Soo, National University of Singapore | |
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Emissions abatement under a rate-based emissions trading system: Facility-level evidence from China 1: National University of Singapore, Singapore; 2: Tsinghua University, China China’s national emissions trading system (ETS) employs an unconventional rate-based design to allocate permits, which inherently creates “winners” and “losers”. This paper evaluates its emissions abatement effects using a unique facility-level dataset and a difference-in-differences approach with continuous treatment intensity. We find that the ETS reduces CO2 emissions of regulated power units by 6.9%, driven entirely by units with deficit allowances (“losers”), while units with surplus allowances (“winners”) show no significant emissions change. We also uncover output substitution between surplus and deficit units within the same regional grids and parent companies, alongside substantial co-benefits by mitigating air pollution. | |