March 8, 2022

# 2021年春/夏季新闻通讯

October 14, 2021

... Read more  about 2021年春/夏季新闻通讯

# 滕飞 Fei Teng

Jing Cao, Mun S. Ho, Rong Ma, and Fei Teng. 2021. “When carbon emission trading meets a regulated industry: Evidence from the electricity sector of China.” Journal for Public Economics, 200, August 2021, Pp. 104470. Publisher's VersionAbstract
This paper provides retrospective firm-level evidence on the effectiveness of China’s carbon market pilots in reducing emissions in the electricity sector. We show that the carbon emission trading system (ETS) has no effect on changing coal efficiency of regulated coal- fired power plants. Although we find a significant reduction in coal consumption associated with ETS participation, this reduction was achieved by reducing electricity production. The output contraction in the treated plants is not due to their optimizing behavior but is likely driven by government decisions, because the impacts of emission permits on marginal costs are small relative to the controlled electricity prices and the reduction is associated with financial losses. In addition, we find no evidence of carbon leakage to other provinces, but a significant increase in the production of non-coal-fired power plants in the ETS regions.

April 29, 2021
2021 Apr 07

# Decarbonization Pathways of China’s Power Sector

10:00am to 11:15am

## Location:

Zoom - Registration required

A Harvard-China Project Research Seminar with Li Zheng, Executive Vice President of the Institute for Climate Change and Sustainable Development, Tsinghua University; Professor, Department of Energy and Power Engineering, Tsinghua University

REGISTRATION REQUIRED:
https://harvard.zoom.us/meeting/register/tJwsdeGopj4oHtFVDnYKTCpu9EiOozMH7rFi
The Zoom link will be provided to those...

# 最近的出版物

March 11, 2021

HCP Publications: The Harvard-China Project on Energy, Economy and Environment, based at the Harvard John A. Paulson School of Engineering and Applied Sciences, works with colleagues across Harvard and partner institutions in China to...