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DOI | 10.1080/14693062.2020.1751030 |
Evaluating policy success of emissions trading schemes in emerging economies: comparing the experiences of Korea and Kazakhstan | |
Howie P.; Gupta S.; Park H.; Akmetov D. | |
发表日期 | 2020 |
ISSN | 14693062 |
起始页码 | 577 |
结束页码 | 592 |
卷号 | 20期号:5 |
英文摘要 | Emissions trading schemes have been increasing in popularity as a market-based instrument to meet CO2 reduction commitments. In this paper, we examine the emission trading schemes (ETS) of Kazakhstan and Korea, two emerging economies. We do so by using a policy success typology, which includes programme, process, political, temporal, distributional and capacity dimensions, and operationalizing criteria that the Partnership for Market Readiness and International Carbon Action Partnership have identified as key to effective ETS scheme design. We find that these criteria, or ETS success dimensions, align well with a typology of policy success. Using indicators developed to evaluate each ETS success dimension, we identify the positive and negative attributes of both Kazakhstan’s and Korea’s ETS and provide a qualitative ranking for each ETS success dimension. This evaluation and ranking allows us to identify necessary conditions for policy success in emerging market ETS: consultation with stakeholders in both the design and implementation stages; development of human and institutional home-grown capacity; mechanisms to solve illiquidity issues using market interventions; development of legitimacy from the perspective of business over time; implementation of policies that are complementary to an ETS; and flexibility to enable firms to manage periods of low revenues. Our findings provide important lessons for emerging economies planning to implement their own ETS, which may be more relevant than experiences from developed nations’ ETS. Key policy insights ETS success requires more than political will and reaching programme goals. Identifying and involving key business and public stakeholders is necessary for ETS success. Capacity building within the public and private sectors should be implemented from the design stage of an ETS. In emerging economies, where increases in energy prices could lead to social unrest, complementary policies are necessary to ensure cost pass-through. Liquidity problems likely be experienced during the initial stages of an ETS need to be addressed. © 2020, © 2020 Informa UK Limited, trading as Taylor & Francis Group. |
英文关键词 | climate policy frameworks; comparative analysis; emerging economies; Emissions trading schemes; policy success |
语种 | 英语 |
scopus关键词 | carbon emission; emissions trading; environmental economics; environmental policy; international comparison; public-private partnership; Kazakhstan; South Korea |
来源期刊 | Climate Policy |
文献类型 | 期刊论文 |
条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/153279 |
作者单位 | Graduate School of Public Policy, Nazarbayev University, Astana, Kazakhstan; Delhi School of Economics, University of Delhi, Delhi, India; Lee Kuan Yew School of Public Policy, National University of Singapore, Singapore; Department of Food and Resource Economics, Korea University, Seoul, South Korea |
推荐引用方式 GB/T 7714 | Howie P.,Gupta S.,Park H.,et al. Evaluating policy success of emissions trading schemes in emerging economies: comparing the experiences of Korea and Kazakhstan[J],2020,20(5). |
APA | Howie P.,Gupta S.,Park H.,&Akmetov D..(2020).Evaluating policy success of emissions trading schemes in emerging economies: comparing the experiences of Korea and Kazakhstan.Climate Policy,20(5). |
MLA | Howie P.,et al."Evaluating policy success of emissions trading schemes in emerging economies: comparing the experiences of Korea and Kazakhstan".Climate Policy 20.5(2020). |
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