emissions than those from a regional model. The backstop energy use would be zero in aggregated versions of the model, while it …

its energy consumption and carbon emissions. Indeed, aligned with China's grand experiment with low-carbon provinces and … market forces and opts for emissions trading, rather than carbon or environmental taxes at least initially, discusses the … five pilot trading schemes that have to comply with their emissions obligations by June 2014, and examines a wide range of …

, use of offsets, and enforcement and compliance. This article explains why China opts for emissions trading, rather than … addressed in order to make such an emissions trading scheme to work reliably and effectively and with an increasingly expanded …

construct a simple model that generates predictions regarding the effect of fiscal policies on average CO2 emissions of new cars … policies have become more sensitive to CO2 emissions of new cars. We then use these constructed measures to estimate the effect … of fiscal policies on the CO2 emissions of the new car fleet. The increased CO2-sensitivity of registration taxes have …

markets. We show that the regulator's optimal policy adjusts the emissions cap irrespective of the existing number of permits … regulator should tighten the cap. The expected emissions and permit prices also correlate positively with economic activity. …