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Carbon-Trading Pilot Programs in China and Local Air Quality

Author

Listed:
  • Douglas Almond
  • Shuang Zhang

Abstract

China emits twice as much CO2 as the United States. Launched in seven regions in 2013–2014, China's pilot carbon-trading programs cover roughly 7 percent of China's CO2 emissions. These market-based policies offer the best existing evidence as to whether the national carbon-trading program starting in 2021 will curb emissions. Here, we analyze changes in air quality using visibility measures from weather stations. We find the pilot programs improved local air quality, and this was likely a co-benefit of reduced carbon emissions. However, these improvements were modest, and there is some evidence of pollution leakage to the nonpilot regions.

Suggested Citation

  • Douglas Almond & Shuang Zhang, 2021. "Carbon-Trading Pilot Programs in China and Local Air Quality," AEA Papers and Proceedings, American Economic Association, vol. 111, pages 391-395, May.
    • Handle: RePEc:aea:apandp:v:111:y:2021:p:391-95
    DOI: 10.1257/pandp.20211071
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    Cited by:

    1. Lee, Kyungho & Linton, Oliver & Whang, Yoon-Jae, 2023. "Testing for time stochastic dominance," Journal of Econometrics, Elsevier, vol. 235(2), pages 352-371.

    More about this item

    JEL classification:

    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment

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