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VERSION:2.0
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UID:54cdafb3-831e-4276-a1be-e7c86a56a004@eventxplore
DTSTAMP:20260928T195844Z
DTSTART:20261008T201500Z
DTEND:20261008T213000Z
SUMMARY:Global Environmental Policy Seminar with Guojun He
DESCRIPTION:Carbon Markets with Chinese Characteristics: From Design to Consequences This paper studies the design and consequences of China’s national rate-based carbon market. Under this system\, emission‑intensity benchmarks create implicit subsidies for cleaner plants and taxes for dirtier ones\, rotating the supply curve without changing the merit order. A theoretical model shows that\, combined with strategic bidding and relatively loose benchmarks\, this design weakens incentives to pass carbon costs through to electricity prices. Using detailed data from power plants and wholesale prices\, we confirm t
LOCATION:Y2E2 Building
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