Assessing the impact of ETS trading profit on emission abatements based on firm-level transactions

Carbon emission trading is an important market-based policy instrument to reduce GHG emission using reward-punishment mechanism. Here the authors show that the EU emission trading schemes operate at its designed purpose and there is a positive and linear relationship between firm profits and the fir...

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Autores principales: Jianfeng Guo, Fu Gu, Yinpeng Liu, Xi Liang, Jianlei Mo, Ying Fan
Formato: article
Lenguaje:EN
Publicado: Nature Portfolio 2020
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Acceso en línea:https://doaj.org/article/44cc40fd11c74d8fb32405ab41bd29b6
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Sumario:Carbon emission trading is an important market-based policy instrument to reduce GHG emission using reward-punishment mechanism. Here the authors show that the EU emission trading schemes operate at its designed purpose and there is a positive and linear relationship between firm profits and the firms’ efforts in abatement.