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ETS design in practice: Northeast Asia

In: Carbon Markets Around the Globe

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Abstract

Chapter 6 applies the SMR for ETS design developed in Chapter 2, to assess the design elements of carbon markets in Northeast Asia, including the Tokyo Metropolitan Government Emissions Trading Scheme (TMG CaT), the Korean Emissions Trading System (K-ETS), and China’s National Emissions Trading Scheme (C-ETS). The chapter shows that the TMG CaT can be considered a model for metropolitan cap-and-trade schemes around the world. The C-ETS is still at the developing stage, and the K-ETS is currently operating with predominantly unsustainable features.

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  • ., 2021. "ETS design in practice: Northeast Asia," Chapters, in: Carbon Markets Around the Globe, chapter 6, pages 97-119, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:19876_6
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    Cited by:

    1. Vishal Raul & Yen-Chen Liu & Leifur Leifsson & Amy Kaleita, 2022. "Effects of Weather on Iowa Nitrogen Export Estimated by Simulation-Based Decomposition," Sustainability, MDPI, vol. 14(3), pages 1-12, January.
    2. Lawson, Aidan, 2021. "United Kingdom Asset Resolution Limited (UKAR)," Journal of Financial Crises, Yale Program on Financial Stability (YPFS), vol. 3(2), pages 641-664, April.

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