This paper estimates the Marginal Abatement Cost Curve (MACC) of CO2 emissions in China based on a provincial panel for … optimal specification controlling for various covariates is identified econometrically. A scenario simulation of China’s 40 …-45 percent carbon intensity reduction based on our MACC is illustrated. Our simulation results show that China would incur a 559 …

Putting a price on carbon is considered a crucial step for China's endeavor of harnessing the market forces to reduce … its energy consumption and carbon emissions. Indeed, aligned with China's grand experiment with low-carbon provinces and … market power of dominated players, use of offsets, and enforcement and compliance. This article explains why China turns to …