气候变化领域集成服务门户(CCPortal): Exploring US-China climate cooperation through linked carbon markets

CCPortal

DOI	10.1016/j.accre.2023.01.005
	Exploring US-China climate cooperation through linked carbon markets
	LI, Alexander F.; Qu, Chen -Fei; Zhang, Xi-Liang
发表日期	2023
ISSN	1674-9278
起始页码	145
结束页码	155
卷号	14 期号:1 页码:11
英文摘要	Emissions trading systems (ETSs) are a widely used policy tool for driving emissions reductions and serve as an avenue for international climate cooperation. Following the recent global agreement on carbon market standards at COP26, this study explores linked ETSs as an avenue for the U.S. and China to cooperate on climate action. The emissions, energy, and economic effects of linked ETSs are analyzed through the China-in-Global Energy Model (C-GEM), a multi-regional, computable general equilibrium model. Assuming the development of national economy-wide ETSs, two scenarios are developed linking China and the U.S.: 1) a bilateral U.S.-China ETS linkage 2) a multilateral ETS linkage that includes China, the U.S., and nations in Southeast Asia. Results indicate that emissions and energy consumption outcomes would be similar in the bilateral and multilateral scenarios. However, economic outcomes are more favorable in the multilateral linkage scenario. When China and the U.S. engage in bilateral ETS linkage, China predominantly benefits from additional support for domestic decarbonization while the U.S. benefits from increased GDP compared to without ETS linkage. Adding Southeast Asia to establish multilateral linkage improves GDP outcomes for all participants, reducing adverse effects on China's GDP while boosting GDP for the U.S. and Southeast Asia. For policymakers considering the design and implementation of international ETSs, this study presents updated modeling on the effects of ETS linkage on each country as well as the economic benefits of expanding participation to additional regions.
英文关键词	U; S; -China climate cooperation; Climate change; Emissions trading system; Carbon markets; Computable general equilibrium model
学科领域	Environmental Sciences; Meteorology & Atmospheric Sciences
语种	英语
WOS研究方向	Environmental Sciences & Ecology ; Meteorology & Atmospheric Sciences
WOS记录号	WOS:000951562600001
来源期刊	ADVANCES IN CLIMATE CHANGE RESEARCH
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/273969
作者单位	Tsinghua University; Tsinghua University
推荐引用方式 GB/T 7714	LI, Alexander F.,Qu, Chen -Fei,Zhang, Xi-Liang. Exploring US-China climate cooperation through linked carbon markets[J],2023,14(1):11.
APA	LI, Alexander F.,Qu, Chen -Fei,&Zhang, Xi-Liang.(2023).Exploring US-China climate cooperation through linked carbon markets.ADVANCES IN CLIMATE CHANGE RESEARCH,14(1),11.
MLA	LI, Alexander F.,et al."Exploring US-China climate cooperation through linked carbon markets".ADVANCES IN CLIMATE CHANGE RESEARCH 14.1(2023):11.