Wang, Banban; Pizer, William A.; Munnings, Clayton - National Bureau of Economic Research - 2021
, fuel economy standards for automobiles, renewable portfolio standards, low carbon fuel standards, and--most recently …--China's new national carbon market. At the same time, theory and experience with traditional cap-and-trade programs suggests an … substantial gains could arise from shifting two programs, China's new national carbon market (~60% gain) and the California Low …