This paper gives an overview of the performance of China’s seven regional carbon market pilots and the range of approaches they have used. We assessed the outcomes of these pilots using publicly available secondary market trading data. The differences in market performance are explained by the design of key market elements such as emission allowances,…
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Impact of Japanese House Insulation Subsidy System on Home Owners’ Energy-Saving Awareness
Achieving the massive target of reduction in carbon dioxide emissions in the household sector requires that consumers be made aware of this issue. If consumers update their energy-saving awareness and related behaviors, the energy-efficiency effect can be expected to continue. For this purpose, this study analyzes the indirect effects of the housing eco-points system subsidy…
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Should the EU ETS be Extended to Road Transport and Heating Fuels?
This paper considers the current proposal to extend the EU ETS to cover CO2 emissions from the combustion of heating and road transport fuels. We argue that increased coverage of the EU ETS, together with a binding cap consistent with a net zero trajectory, would provide an EU-wide quantity backstop ensuring that the EU’s cumulative…
Incentivizing firm compliance with China’s national emissions trading system
When it launches in 2017, China’s CO2 emissions trading system (ETS) will cover the largest CO2 emissions volume of any system to date and be among the very first to launch in a developing country. We evaluate the potential of an ETS to alter the emitting behavior of covered firms and to support the achievement…
Who Knows What: Information Barriers to Efficient DER Roll-out in the U.S.
Distributed Energy Resources (DERs) are increasingly popular. Their relevance to the functioning of energy systems and emissions reduction has spurred a flurry of policy discussions and research into the measures needed to facilitate integration of these resources. However, the majority of that work focuses on systems characterized by complete and perfect information, while in reality,…
Key issues in designing China’s national carbon emissions trading system
The design of China’s national carbon emissions trading system (ETS) has been shaped by major considerations including the significant disparities that exist between the different regions of the country, concerns about possible impacts of the ETS on the economy, the continuously evolving policy environment, and the need to divide responsibilities appropriately among relevant authorities. To…
The Effect of Community Reinvestment Funds on Local Acceptance of Unconventional Gas Development
A survey with an embedded experimental design is employed to determine whether local public support for an unconventional gas development (UGD) project is influenced by a policy that commits a portion of private revenues from UGD to the state or local government. The public opinion survey (N = 2,700) oversamples residents living in counties of…
Conceptual and Institutional Prerequisites for Guiding Equitable Progress Towards Universal Rural Electrification
Rural electrification is a means not an end, explicitly or implicitly aimed at improving the socio-economic conditions and living standards of those living in rural areas. Yet, most policies and programs aimed at rural electrification solely target and are evaluated on extending connections, with mixed results. In this article, we argue that next generation electrification…
Prosumer Empowerment through Community Power Purchase Agreements: A Market Design for Swarm Grids
In this paper, we are proposing a policy innovation for both a more sustainable and a more inclusive electrification strategy, particularly for improved energy access in the Global South: combining the extension of national grids whilst taking advantage of existing decentralized renewable energy infrastructure allowing their collective feed-in to the national grid. We are introducing…