Author(s)

Qin Zhong ¹

Affiliation(s)

¹ School of Finance and Economics, Jiangxi Normal University, Nanchang, 330022, China

Corresponding Author

ABSTRACT

The introduction of carbon trading as a market-based tool to reduce carbon dioxide emissions began with the Kyoto Protocol in 1997. The main contents of this paper are the following: the relevance of carbon trading, carbon trading mechanism, carbon impact assessment of carbon trading and other related literature, which shows that its main mechanism is to control carbon emissions through market mechanisms and the pricing of carbon emission rights. In the long run, emissions trading can contribute to energy saving and emission reduction, in addition to bringing innovation benefits, economic gains and impact on business value. Based on this, it is important to strengthen the research on emissions trading schemes in order to achieve China's 30-60 year carbon emission reduction target.

KEYWORDS

CITE THIS PAPER

Qin Zhong, A Review of Carbon Emissions Trading Research. Information Systems and Economics (2022) Vol. 3: 10-14. DOI: http://dx.doi.org/10.23977/infse.2022.030503.

REFERENCES

[1] Coase R H. The problem of social cost. Palgrave Macmillan UK, 1960.
[2] Dales J H. Pollution, property and prices: An essay in policy-making and economics. Edward Elgar Pub, 1968.
[3] Jiao Jinjin. A study of the intrinsic value of carbon emission rights. Beijing: Beijing Jiaotong University, 2018.
[4] Cui Huanying. Research on Carbon Emission Allowance Allocation and Trading Pricing. Chengdu: Southwest Jiaotong University, 2018.
[5] Liao Z L, Zhu X L, Shi J R. A case study of initial distribution of carbon emissions trading in Shanghai based on Shapley values. Journal of Cleaner Production, 2015, 103 (15), 338-344.  
[6] Chang X Y, Li Y P, Zhao Y B, et al. Effects of carbon dioxide allowance allocation methods on remanufacturing decisions. Journal of Cleaner Production, 2017, 152(10): 281-294.
[7] Cong R G, Wei Y M. The potential impact of carbon dioxide (CCS) emissions trading on China's energy sector: a look at different allocation options. 152, 152.1, 152.2. energy, 2010, 35(9), 3921-3931. 
[8] Chen XH, Wang J, Hu DB. Impact of rent-seeking on market operation efficiency under the carbon quota free allocation method. Systems Engineering Theory and Practice, 2018, 38(1): 93-101. 
[9] Calel R, Dechezleprêtre A. Environmental policy and directed technological change: Evidence from the European carbon market. Review of Economics and Statistics, 2016, 98(1): 173-191.
[10] Qi Shaozhou, Zhang Zhenyuan. Carbon emissions trading, quota allocation and renewable energy technology innovation in the EU. World Economic Research, 2019(9):119-133, 136.
[11] Zhang Juan, Geng Hong, Xu Gongwen, et al. A study on the impact of environmental regulation on green technology innovation. Population of China - Resources and Environment, 2019 (1): 168-176.
[12] Guo Jin. The impact of environmental regulation on green technology innovation - Chinese proof of the "Porter effect". Financial and Commercial Economics, 2019 (3): 147-160.
[13] Shi B B, Feng C, Qiu M, et al. Innovation suppression and migration effect: The unintentional consequences of environmental regulation . China Economic Review, 2018, 49: 1-23.
[14] Feng C, Shi B, Kang R. "Do environmental policies constrain firms' innovation?". Evidence from China. Sustainable Development, 2017, 9(6): 872-895.
[15] Zhang Y J, Liang T, Jin Y L, et al. The impact of carbon trading on economic performance and carbon emission reduction in China's industrial sectors. Applied Energy, 2020, 260: 114290.
[16] Dong F, Dai Y J, Zhang S N, et al. Can a carbon trading scheme cause the Porter effect? Evidence from Chinese pilot projects. General Environmental Science, 2018, 653: 565-577.
[17] Sun, L. W., Zhao, P., Ren, S. W., et al. Does carbon trading alleviate industrial carbon lock-in in China? -- An empirical analysis based on DID and SDID methods. Science and Technology Management Research, 2020(9): 205-211.
[18] Tan J, Zhang J. Whether carbon trading mechanism promotes industrial structure modernization - An empirical analysis based on synthetic control method. Economic and Management Studies, 2018(12):104-119.
[19] Ren X. S., Ma X., Liu Y. J., et al. Effects of emission trading policies on the economic performance of high emitting industrial firms-an empirical analysis based on multiple mediating effects model. Ресурсоведение, 2020(9):1750-1763.
[20] Zhou Chang, Cai Haijing, Liu Meijuan. The financial impact of carbon trading on microenterprises: a PSM-DID test based on the Porter hypothesis. Finance and Economics Series, 2020 (3): 68-77.
[21] Shen, H. T., Huang, N. Can a carbon trading mechanism increase firm value? Finance and economics of trade, 2019 (1): 144-161.
[22] Shimizu M. The relationship between pollution abatement costs and environmental regulation: Evidence from the Chinese industrial sector. Review of Development Economics, 2020, 24(2): 668-690.
[23] Zhang F, Fang H, Wang X. Impact of carbon price on company value: a case study of listed companies in China. Sustainability, 2018, 10(9): 3328-3341.

Sponsors, Associates, and Links

• Accounting, Auditing and Finance
  
  
• Industrial Engineering and Innovation Management
  
  
• Tourism Management and Technology Economy
  
  
• Journal of Computational and Financial Econometrics
  
  
• Financial Engineering and Risk Management
  
  
• Accounting and Corporate Management
  
  
• Social Security and Administration Management
  
  
• Population, Resources & Environmental Economics
  
  
• Statistics & Quantitative Economics
  
  
• Agricultural & Forestry Economics and Management
  
  
• Social Medicine and Health Management
  
  
• Land Resource Management
  
  
• Information, Library and Archival Science
  
  
• Journal of Human Resource Development
  
  
• Manufacturing and Service Operations Management
  
  
• Operational Research and Cybernetics