China’s Unconventional Nationwide CO₂ Emissions Trading System: The Wide-Ranging Impacts of an Implicit Output Subsidy

This paper assesses the overall costs and distributional impacts of China’s planned nationwide emissions trading system for CO2 emissions reductions, a system that will differ from cap and trade and become the largest CO2 trading system in the world.

Working Paper (20-02) by Lawrence H. Goulder, Xianling Long, Jieyi Lu, and Richard D. Morgenstern — 2 minute read — Jan. 14, 2020



Lawrence H. Goulder

University Fellow

Xianling Long

Stanford University

Jieyi Lu

Yale University

Richard D. Morgenstern

Senior Fellow