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Journal articles on the topic 'UK Emissions Trading Scheme'

Author: Grafiati

Published: 10 January 2023

Last updated: 28 January 2023

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1

Hill, Malcolm, Laurie McAulay, and Adrian Wilkinson. "UK Emissions Trading from 2002–2004: Corporate Responses." Energy & Environment 16, no. 6 (November 2005): 993–1007. http://dx.doi.org/10.1260/095830505775221533.

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The UK was the first country to implement emissions trading as a policy instrument to reduce greenhouse gas emissions across the whole of the economy. The paper therefore commences with a description of the UK Emissions Trading Scheme and then continues with a discussion of incentives for UK companies to engage in emissions trading. It then outlines a case for research of companies' experiences of “direct participation” in the Scheme, and presents results obtained from case studies of a set of companies which are “direct participants”. These illustrate the impact of emissions trading on income generation as well as cost savings. The paper then concludes with the observation that emissions trading will take on increased importance with the introduction of the EU Emissions Trading Scheme and the implementation of the Kyoto Protocol in 2005, and that further research is therefore required into energy and carbon costs and their possible influences on facilities location.

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2

Smith, Stephen, and Joseph Swierzbinski. "Assessing the performance of the UK Emissions Trading Scheme." Environmental and Resource Economics 37, no. 1 (May 16, 2007): 131–58. http://dx.doi.org/10.1007/s10640-007-9108-5.

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3

Peters, Mary Sabina. "The Impact of the EU ETS on Flaring of Gas on the UK Continental Shelf." European Energy and Environmental Law Review 22, Issue 4 (August 1, 2013): 161–65. http://dx.doi.org/10.54648/eelr2013013.

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Resource management and environmental policies form the basis for establishing relevant legislation and regulations; they ensure that government policies relating to gas flaring are being achieved efficiently and most effectively. It is the responsibility of government to set out a country's resource management and environmental policy. As part of developing a relevant policy, it is recommended that the government specify the strategy and the role flare reductions can and should play to achieve overall environmental and resource management objectives. This paper is in tune with the effectiveness of the emissions trading scheme which has considerable impact on flaring of gas on the (United Kingdom Continental Shelf) UKCS,1 the essay starts with a brief introduction, overview of onshore and offshore gas flaring in the United Kingdom, The effectiveness and impact of the emission trading scheme on the UKCS and finally the conclusion.

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4

HAYASHI, Daisuke, Amane HAYASHI, Tohru MORIOKA, and Tsuyoshi FUJITA. "Comparison of domestic emissions trading scheme of UK practice and Japanese proposal." Proceedings of the Symposium on Global Environment 11 (2003): 219–24. http://dx.doi.org/10.2208/proge.11.219.

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5

Rowe, Chris, and Anthony Hobley. "Transposition of the Emissions Trading Scheme Directive into UK Law and Associated Issues." Journal for European Environmental & Planning Law 1, no. 1 (2004): 10–21. http://dx.doi.org/10.1163/187601004x00166.

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6

von Malmborg, Fredrik, and Peter A. Strachan. "Climate policy, ecological modernization and the UK emission trading scheme." European Environment 15, no. 3 (2005): 143–60. http://dx.doi.org/10.1002/eet.384.

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7

Nye, Michael, and Susan Owens. "Creating the UK emission trading scheme: motives and symbolic politics." European Environment 18, no. 1 (January 2008): 1–15. http://dx.doi.org/10.1002/eet.468.

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8

T.I. Lam, Patrick, Edwin H.W. Chan, Ann T.W. Yu, Wynn C.N. Cam, and Jack S. Yu. "Mitigating climate change in the building sector." Facilities 32, no. 7/8 (April 28, 2014): 342–64. http://dx.doi.org/10.1108/f-04-2013-0035.

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Purpose – This paper aims to investigate how unique features of built facilities would affect the application of greenhouse gas (GHG) emissions trading, and to explore what adaptive measures may be taken for emissions trading to be applied to the built environment. Emissions trading is a financial tool to encourage GHG emissions reduction in various industries. As the building sector is responsible for a large amount of GHG emissions, it is valuable to explore the application of emissions trading in built facilities. Design/methodology/approach – The analysis is based on a comparative study reviewing the current emissions trading schemes (ETSs) in Australia, Japan and the UK covering the building industry, and to evaluate the approaches adopted by the schemes to tackle the problems related to buildings and facilities management. Findings – The research findings reveal that the small energy savings of individual building units, the large variety of energy-saving technologies and the split incentives and diverse interests of building owners and tenants would be the barriers hindering the development of emissions trading. To overcome these barriers, an ETS should allow its participants to group individual energy savings, lower the complexity of monitoring and reporting approaches and allow owners and tenants to benefit from emissions trading. Originality/value – This article provides a comprehensive overview of the current emissions trading practices in the built environment. Besides, it raises the attention and consciousness of policymakers to the need that building characteristics and facilities management should be taken into consideration when designing an ETS for the building sector.

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9

Sorrell, Steve. "Interactions between the EU Emissions Trading Scheme and the UK Renewables Obligation and Energy Efficiency Commitment." Energy & Environment 14, no. 5 (September 2003): 677–703. http://dx.doi.org/10.1260/095830503322663401.

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10

Ferguson, John, Thereza Raquel Sales de Aguiar, and Anne Fearfull. "Corporate response to climate change: language, power and symbolic construction." Accounting, Auditing & Accountability Journal 29, no. 2 (February 15, 2016): 278–304. http://dx.doi.org/10.1108/aaaj-09-2013-1465.

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Purpose – The purpose of this paper is to explore corporate communications related to climate change in both a voluntary and mandatory setting. Adopting a critical perspective, the paper examines how companies who participated in the voluntary UK Emissions Trading Scheme (UK ETS) and the UK Government’s mandatory Carbon Reduction Commitment (CRC) Energy Efficiency Scheme positioned themselves within the climate change debate. In particular, the analysis draws attention to how companies, through their communicative practice, helped to constitute and reproduce the structure of the field in which they operate. Design/methodology/approach – A context-sensitive discursive analysis of 99 stand-alone reports produced by companies participating in the UK ETS and CRC over a nine-year period. The analysis is informed by Thompson’s (1990) depth-hermeneutic framework, which mediates the connection between linguistic strategies and the institutional field. Findings – The analysis suggests that companies tended to adopt particular linguistic strategies in their communications related to climate change. For example, the strategy of “rationalisation” was employed in order to emphasise the organisational “opportunities” resulting from climate change; in this sense, companies sought to exploit climate crises in order to advance a doctrine that endorsed market-based solutions. A noteworthy finding was that in the mandatory CRC period, there was a notable shift towards the employment of the strategies that Thompson (1990) refers to as “differentiation” – whereby companies attempted to displace responsibility by presenting either government or suppliers as barriers to progress. Originality/value – This paper explores how disclosure on climate change evolved while organisations participate in voluntary and compulsory climate change initiatives. In this respect, the analysis is informed by the social and political context in which the disclosure was produced.

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11

Doran, Peter. "UK Power Sector Challenge to National Allocation Plan under the European Union Emissions Trading Scheme Refused by the European Court of Justice." Environmental Law Review 10, no. 4 (December 2008): 319–26. http://dx.doi.org/10.1350/enlr.2008.10.4.032.

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12

Luo, Yuejun, Wenjun Wang, Xueyan Li, and Daiqing Zhao. "The Guangdong Emissions Trading Scheme." Strategic Planning for Energy and the Environment 38, no. 4 (January 24, 2019): 42–62. http://dx.doi.org/10.1080/10485236.2019.12054411.

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13

Jiang, Nan, Basil Sharp, and Mingyue Sheng. "New Zealand's emissions trading scheme." New Zealand Economic Papers 43, no. 1 (April 2009): 69–79. http://dx.doi.org/10.1080/00779950902803993.

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14

Bailey, Ian. "The EU emissions trading scheme." Wiley Interdisciplinary Reviews: Climate Change 1, no. 1 (December 22, 2009): 144–53. http://dx.doi.org/10.1002/wcc.17.

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15

Ji, Chang-Jing, Yu-Jie Hu, Bao-Jun Tang, and Shen Qu. "Price drivers in the carbon emissions trading scheme: Evidence from Chinese emissions trading scheme pilots." Journal of Cleaner Production 278 (January 2021): 123469. http://dx.doi.org/10.1016/j.jclepro.2020.123469.

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16

Inderberg, Tor Håkon Jackson, Ian Bailey, and Nichola Harmer. "Designing New Zealand’s Emissions Trading Scheme." Global Environmental Politics 17, no. 3 (August 2017): 31–50. http://dx.doi.org/10.1162/glep_a_00414.

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We use the New Zealand emissions trading scheme to explore how diffusion and learning from other emissions trading systems can explain the adoption, design, and revision of climate policy. Drawing on secondary documents and interviews with politicians, government officials, business leaders, and independent commentators, we argue for further investigation of how interactions between international and domestic factors shape the design of climate policy, and for deeper probing of structural and shorter-term domestic imperatives, to avoid misreading the extent and nature of international diffusion influences. We particularly stress the importance of distinguishing analytically between diffusion interactions motivated by learning between jurisdictions and scrutiny aimed at avoiding material disadvantages as a result of miscalculations in climate policy design. Finally, we argue for greater attention to the temporal dimensions of climate policy development in explanations of how diffusion and domestic influences may change during policy adoption, design, and revision.

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17

KOZHIKOV, Marat, and Bauyrzhan KAPSALYAMOV. "Greenhouse Gas Trading Scheme in the Republic of Kazakhstan - Seven Years from Its Creation, Problems and Solutions." Journal of Environmental Management and Tourism 13, no. 5 (September 2, 2022): 1321. http://dx.doi.org/10.14505/jemt.v13.5(61).10.

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The article studies the greenhouse gas trading scheme in the Republic of Kazakhstan. The research analyzes an international experience in the sphere of greenhouse gas emissions trading and identifies the main provisions which are fundamental for the efficient work of emissions trading schemes. The work of the Kazakhstan greenhouse gas trading scheme was examined through these key provisions. Materials represent the work of emissions trading schemes in several countries, and, particularly, in the Republic of Kazakhstan. For a more detailed study, further directions were proposed to improve the work of the emissions trading scheme.

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18

Upston-Hooper, K., and J. Swartz. "Emissions Trading in Kazakhstan: Challenges and Issues of Developing an Emissions Trading Scheme." Carbon & Climate Law Review 7, no. 1 (2013): 71–73. http://dx.doi.org/10.21552/cclr/2013/1/246.

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19

Okinczyc, Sebastian. "European Union Emissions Trading Scheme: Phase III." European Energy and Environmental Law Review 20, Issue 4 (August 1, 2011): 164–73. http://dx.doi.org/10.54648/eelr2011015.

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The paper would attempt to present a prospective analysis of what are the challenges and prospects of the European Union Emissions Trading Scheme in Phase III (2013-2020) both for lawyers as well as industries. It will start with a brief introductory overview of the theoretical basis and fundamental developments in the EU ETS in general and would then continue with a focus on the future issues as, for example, possible expansion to include new industries and jurisdictions in the EU ETS, common emissions cap set at EU level in Phase III and other developments directly derived from Phase III.

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20

van Zeben, Josephine A. W. "The European Emissions Trading Scheme Case Law." Review of European Community & International Environmental Law 18, no. 2 (July 2009): 119–28. http://dx.doi.org/10.1111/j.1467-9388.2009.00634.x.

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21

Mavrakis, Dimitrios, and Popi Konidari. "Classification of emissions trading scheme design characteristics." European Environment 13, no. 1 (January 2003): 48–66. http://dx.doi.org/10.1002/eet.310.

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22

Cheng, Xiao, Yanping Pu, and Ran Gu. "Effect of Shanxi pilot emission trading scheme on industrial soot and dust emissions: A synthetic control method." Energy & Environment 31, no. 3 (September 19, 2019): 461–78. http://dx.doi.org/10.1177/0958305x19876682.

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To launch the nationwide emission trading scheme, some provinces in China were approved to design their pilot work for emission trading scheme according to local circumstances. Shanxi Province is the only pilot area with provincial trading market for industrial soot and dust emissions. This paper investigates the effect of Shanxi Pilot emission trading scheme on industrial soot and dust emissions by using the synthetic control method. The idea behind the synthetic control approach is to construct a combination of comparison cities to approximate the emission paths that the cities in Shanxi would have experienced in the absence of the pilot emission trading scheme. We demonstrate that, following Shanxi Pilot emission trading scheme, industrial soot and dust emissions fell markedly in Taiyuan, Datong, and Linfen relative to the synthetic counterparts. The finding that emission trading scheme can help achieve emission reduction targets is shown to be robust to the reduction in the number of control units, placebo tests, and difference-in-differences estimation.

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23

Kopsch, Fredrik. "Aviation and the EU Emissions Trading Scheme—Lessons learned from previous emissions trading schemes." Energy Policy 49 (October 2012): 770–73. http://dx.doi.org/10.1016/j.enpol.2012.07.023.

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24

Kelly, Gerard. "Linking Emissions Trading Schemes: Assessing the Potential for EU-South Korea Linkage." European Energy and Environmental Law Review 31, Issue 3 (May 1, 2022): 135–48. http://dx.doi.org/10.54648/eelr2022009.

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Emissions trading schemes (ETSs) have emerged as stable components of a fragmented climate governance landscape. Yet the proliferation of ETSs raises critical questions concerning their design, the development of conflicting norms, and how such schemes might link. This Article engages with these concerns by advancing a linkage framework based on a series of core convergence criteria which are considered necessary to assess the compatibility of candidate partner schemes. For the EU, the search for a candidate linkage partner has seemed a Sisyphean undertaking, but it is suggested that South Korea offers the prospect of stable climate settings. The critical design features of South Korea’s Emissions Trading Scheme (KETS) are evaluated before applying core convergence criteria to evaluate compatibility. This Article identifies a degree of alignment between the design features of the EU’s flagship Emissions Trading Scheme (EU ETS) and the KETS, but also uncovers divergences where detailed negotiation will prove necessary. European Union emissions trading scheme, Korea emissions trading scheme, linkage, climate governance

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25

Xinyu, Liu, and Liu Na. "Wind power under the carbon emissions trading scheme." E3S Web of Conferences 271 (2021): 01006. http://dx.doi.org/10.1051/e3sconf/202127101006.

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As a market trading mechanism, carbon emission trading plays an important role in effectively reducing the overall cost of carbon emission and achieving the "3060" carbon target.At present, the carbon emission trading mechanism has played a role in the world and become an effective means to promote climate governance.China's energy system has always been a high-carbon, high-coal system. The burning of fossil fuels releases a large amount of CO2, which is the main source of carbon emissions.With the improvement of people's living standards, electricity consumption continues to increase. If we want to achieve a substantial reduction in China's carbon emissions, we need to change the structure of the power generation system, which is dominated by coal.

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26

Liu, Chun Mei, Xiao Hua Wang, and Mao Sheng Duan. "Research on MRV Establishing in Future Emissions Trading Scheme in China - Based on Analysis on MRV of Overseas Representative Ets." Advanced Materials Research 524-527 (May 2012): 2641–45. http://dx.doi.org/10.4028/www.scientific.net/amr.524-527.2641.

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This paper focused on the monitoring, reporting and verification (MRV) establish in China’s future emissions trading scheme (ETs) through the experience from overseas MRV of emissions trading scheme. First, introduced what is ETs and theory of emissions trading scheme. Then, analyzed the key elements in ETs and the effect of MRV in establishing ETs. Third, using comparison analysis summarized the general requirements from MRV of EU ETS, JVETS and RGGI. Finally, summarized the experiences in the aspects: identification of boundary, emission resource, monitoring methodologies, reporting and verification. And proposed some suggestions for MRV establishing in China’s future ETs.

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27

Roeser, Frauke, and Tim Jackson. "Early Experiences with Emissions Trading in the UK." Greener Management International 2002, no. 39 (September 1, 2002): 42–54. http://dx.doi.org/10.9774/gleaf.3062.2002.au.00006.

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28

Faden, Mike. "Europe to Start CO 2 Emissions Trading Scheme." Frontiers in Ecology and the Environment 2, no. 10 (December 2004): 509. http://dx.doi.org/10.2307/3868374.

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29

Brewer, Thomas L. "Business perspectives on the EU emissions trading scheme." Climate Policy 5, no. 1 (January 1, 2005): 137–44. http://dx.doi.org/10.3763/cpol.2005.0503.

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30

Watanabe, Rie, and Guy Robinson. "The European Union Emissions Trading Scheme (EU ETS)." Climate Policy 5, no. 1 (January 1, 2005): 10–14. http://dx.doi.org/10.3763/cpol.2005.0504.

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31

Christiansen, A. C., A. Arvanitakis, K. Tangen, and H. Hasselknippe. "Price determinants in the EU emissions trading scheme." Climate Policy 5, no. 1 (January 1, 2005): 15–30. http://dx.doi.org/10.3763/cpol.2005.0505.

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32

CLÒ, STEFANO. "The effectiveness of the EU Emissions Trading Scheme." Climate Policy 9, no. 3 (January 2009): 227–41. http://dx.doi.org/10.3763/cpol.2008.0518.

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33

Rea, Christopher M. "The EU emissions trading scheme: protection via commodification?" Culture, Practice & Europeanization 4, no. 1 (2019): 48–73. http://dx.doi.org/10.5771/2566-7742-2019-1-48.

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34

Steppler, Ulrich. "EU Emissions Trading Scheme and Aviation: Quo Vadis?" Air and Space Law 34, Issue 4/5 (August 1, 2009): 253–60. http://dx.doi.org/10.54648/aila2009024.

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The inclusion of aviation into the EU Emissions Trading Scheme (EU ETS) may have more surprises in store for small and medium-sized carriers than those airlines will appreciate. It is not the large international carriers with their climate change managers and environmental departments that have EU ETS on their agenda for years but, in particular, third country carriers or companies in business aviation that might get hit harder than others. Compliance with the new set of rules and procedures will be a challenge and the prework dimension should not be underestimated. Unfortunately, the time frame is tight and the policymakers and its administration do not seem to be too expeditious when it comes to enacting the necessary laws, regulations, and guidelines and providing the support the industry is requesting. On the other hand, the potential of the EU ETS concerning a distortion of competition, in particular, for European carriers, is not determined yet. It is feared that traffic from the United States to Asia will switch routes via the Gulf States, that is, not touching European airports and thus avoiding any extra costs. This would not only result in longer routes but also simultaneously have the counterproductive effect of creating more emissions. Therefore, although the concerted European action is a needful forerunner and acceptance in general is growing, a global approach is required more than ever and the industry’s hopes are high for the UN climate conference in Copenhagen in December this year.

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35

Walker, Sébastien E. J. "The EU Emissions Trading Scheme: assessment and outlook." Oxonomics 3, no. 1 (December 2008): 40–44. http://dx.doi.org/10.1111/j.1752-5209.2008.00025.x.

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36

Watanabe, Rie, and Guy Robinson. "The European Union Emissions Trading Scheme (EU ETS)." Climate Policy 5, no. 1 (January 2005): 10–14. http://dx.doi.org/10.1080/14693062.2005.9685537.

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37

Christiansen, A. C., A. Arvanitakis, K. Tangen, and H. Hasselknippe. "Price determinants in the EU emissions trading scheme." Climate Policy 5, no. 1 (January 2005): 15–30. http://dx.doi.org/10.1080/14693062.2005.9685538.

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38

Brewer, Thomas L. "Business perspectives on the EU emissions trading scheme." Climate Policy 5, no. 1 (January 2005): 137–44. http://dx.doi.org/10.1080/14693062.2005.9685546.

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39

Burke, Maria. "U.K. businesses propose greenhouse gas emissions trading scheme." Environmental Science & Technology 34, no. 5 (March 2000): 114A. http://dx.doi.org/10.1021/es0031568.

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40

Egenhofer, Christian. "The Making of the EU Emissions Trading Scheme:." European Management Journal 25, no. 6 (December 2007): 453–63. http://dx.doi.org/10.1016/j.emj.2007.07.004.

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41

Peeters, Marjan. "Emissions trading as a new dimension to European environmental law: the political agreement of the European Council on greenhouse gas allowance trading." European Energy and Environmental Law Review 12, Issue 3 (March 1, 2003): 82–92. http://dx.doi.org/10.54648/eelr2003011.

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On 9 December 2002 the (Environment) Council of the European Union unanimously agreed on a common position on a Commission's proposal for a Directive establishing a scheme for greenhouse gas emissions allowance trading. This follows the idea that a common European emissions trading system should be preferred above a collection of national emissions trading systems. The European framework for emissions trading needs to be filled in by the Member States. One of their main tasks will be to allocate the greenhouse gas allowances according to a National Allocation Plan. The use of new regulatory instruments as emissions trading will raise new legal questions, which not always can be foreseen before the real application of the instrument in practice. It does not seem to be that the relevant institutions in the European Community already have a clear insight in all the necessary provisions for a well-functioning and just emissions trading scheme. Especially the allocation of the tradable emissions rights can be questioned. With the present criteria, the allocation of the transferable rights will likely be a complicated and probably time-consuming task for the national governments. The European politicians seem to be willing to take this risk with emissions trading in order to build experience with combating the climate change effect.

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42

BROHÉ, ARNAUD. "Personal carbon trading in the context of the EU Emissions Trading Scheme." Climate Policy 10, no. 4 (January 2010): 462–76. http://dx.doi.org/10.3763/cpol.2009.0050.

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43

Wang, Xiao-Qing, Chi-Wei Su, Oana-Ramona Lobonţ, Hao Li, and Moldovan Nicoleta-Claudia. "Is China's carbon trading market efficient? Evidence from emissions trading scheme pilots." Energy 245 (April 2022): 123240. http://dx.doi.org/10.1016/j.energy.2022.123240.

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44

Yang, Su, and Tian Zhao. "Research on Chinese Emissions Trading System Pilots." Advanced Materials Research 1073-1076 (December 2014): 2779–83. http://dx.doi.org/10.4028/www.scientific.net/amr.1073-1076.2779.

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Climate change has become one of the most concerned problems throughout the world. Since carbon trading is an essential way to reduce the emission, China has conducted seven ETS pilots and the size of market as well as the level of activity is in the world-leading status. Now Chinese carbon market is in the period of rapid development, and the development of national market has been put on the agenda. All pilots grow fast with highlights in the scheme design, but still, problems are exposed in the first commitment period caused by immature market. Based on the analysis of current development of carbon market and situation of the pilot scheme, the paper explores the existing problems and put forward relevant recommendations on carbon trading market construction.

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45

Griggs, J. C., and P. Jeffrey. "Proposal for a UK domestic water trading scheme." Proceedings of the Institution of Civil Engineers - Engineering Sustainability 160, no. 4 (December 2007): 157–65. http://dx.doi.org/10.1680/ensu.2007.160.4.157.

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46

Al-Guthmy, Fahd Mohamed Omar, and Wanglin Yan. "The Road to a Downstream Emissions Trading System: Designing a Scheme Combining Motorist and Government Participation." Journal of Energy 2019 (June 2, 2019): 1–12. http://dx.doi.org/10.1155/2019/1047181.

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As downstream road transport has not been fully integrated into any emissions trading scheme, this paper proposes and evaluates the possibility of one by addressing the main barriers hindering its development. Based on this, a scheme which separates the “Cap” and “Trade” participation to motorists and local governments, respectively, is presented through a systematic review. We investigate how the scheme addresses the problems of cost, administrative burden, and fuel allowance allocation as they are all key factors that need equal consideration. We also justify the model’s unique structure and characteristics against the world’s largest scheme, the European Union Emissions Trading System (EU ETS), to ensure they cater to the three aforementioned issues barring its viability. It is concluded that, by amending specific policy attributes of a road-based emissions trading scheme significantly, it could be more practical both economically and administratively. Also, leveraging on existing institutional arrangements would allow for an economically feasible environment for the administration and management of such a scheme.

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47

Zeng, Bingxin, Jun Xie, Xiaobing Zhang, Yang Yu, and Lei Zhu. "The impacts of emission trading scheme on China’s thermal power industry: A pre-evaluation from the micro level." Energy & Environment 31, no. 6 (November 4, 2019): 1007–30. http://dx.doi.org/10.1177/0958305x19882388.

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Emission trading scheme is known as a cost-effective measure for mitigating CO2 emissions, and recently, China has started the world's largest carbon trading system. As the most influential industry in determining China's overall CO2 emission level, the thermal power industry will be greatly affected by nationwide carbon market in the near future. This paper explores the impact of the upcoming national emission trading scheme on China's thermal power industry at firm level. First, based on empirical data of 478 thermal power plants, an empirical analytical framework of micro-firm level is constructed. Then, two kinds of policy scenarios, including no carbon emission trading and national emission trading scheme, in two different market structures have been analyzed. The results show that emission trading scheme have positive impacts on reduction of CO2 emissions among China’s power plants and can reduce the total abatement costs by 0.37%–41.5%. Furthermore, most of the thermal power plants are emissions permits buyers including all the low-emission gas-fired power plants. Additionally, compared with the perfect competition market, more than 70% of thermal power plants increase their total abatement costs in imperfect competition market. These findings provide reference for promoting the development of nationwide carbon emission trading system in China.

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48

Oestreich, A. Marcel, and Ilias Tsiakas. "Carbon emissions and stock returns: Evidence from the EU Emissions Trading Scheme." Journal of Banking & Finance 58 (September 2015): 294–308. http://dx.doi.org/10.1016/j.jbankfin.2015.05.005.

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49

Kudełko, Mariusz. "Efficiency of the emissions trading scheme – a theoretical approach." Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu 63, no. 9 (2019): 79–89. http://dx.doi.org/10.15611/pn.2019.9.07.

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50

JOTZO, FRANK, and REGINA BETZ. "Australia's emissions trading scheme: opportunities and obstacles for linking." Climate Policy 9, no. 4 (January 2009): 402–14. http://dx.doi.org/10.3763/cpol.2009.0624.

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