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DOI10.1016/j.enpol.2022.113252
Could SO2 and CO2 emissions trading schemes achieve co-benefits of emissions reduction?
Hu, Yucai; Li, Ranran; Du, Lei; Ren, Shenggang; Chevallier, Julien
发表日期2022
ISSN0301-4215
EISSN1873-6777
卷号170页码:13
英文摘要The challenge of air pollution and climate change has resulted in the emergence internationally of emission trading systems (ETSs) related mainly to SO2 emissions and CO2 emissions. Although the effectiveness of ETSs has been discussed extensively, it remains unclear whether such policies aimed at reducing different types of emissions are able to achieve overall emissions reductions. Based on China's pilots of SO2 ETS and CO2 ETS, we employ a DID model and investigate the synergistic effects of SO2 ETS and CO2 ETS. The results show first, that the SO2 ETS and CO2 ETS reduced SO2 and CO2 emissions, indicating effective implementation of these policies, second, that the synergistic emissions reduction effect suggests that the SO2 ETS has a limited effect on reducing CO2 emissions due to the maturity of SO2 capture technologies but that the CO2 ETS significantly reduced SO2 emissions and achieved the co-benefits of SO2 emission reduction, third, further analysis showed that the co-benefits of CO2 ETS derive from reduced fossil energy consumption and improved energy efficiency whereas the impact of the SO2 ETS is limited. This work adds to empirical evidences on the synergistic effects of ETS, which is conductive to optimize the policy design to achieve synergistic emissions reduction effect.
英文关键词Emissions trading scheme(ETS); Sulfur dioxide (SO2); Carbon dioxide (CO2); Synergistic effect
学科领域Economics; Energy & Fuels; Environmental Sciences; Environmental Studies
语种英语
WOS研究方向Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
WOS记录号WOS:000892114600012
来源期刊ENERGY POLICY
文献类型期刊论文
条目标识符http://gcip.llas.ac.cn/handle/2XKMVOVA/272115
作者单位Yanshan University; Central South University; IPAG Business School
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GB/T 7714
Hu, Yucai,Li, Ranran,Du, Lei,et al. Could SO2 and CO2 emissions trading schemes achieve co-benefits of emissions reduction?[J],2022,170:13.
APA Hu, Yucai,Li, Ranran,Du, Lei,Ren, Shenggang,&Chevallier, Julien.(2022).Could SO2 and CO2 emissions trading schemes achieve co-benefits of emissions reduction?.ENERGY POLICY,170,13.
MLA Hu, Yucai,et al."Could SO2 and CO2 emissions trading schemes achieve co-benefits of emissions reduction?".ENERGY POLICY 170(2022):13.
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