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Impact of China's Emissions Trading System on Industries and its Policy Implications

Author

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  • Jung , Jihyun

    (KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))

Abstract

China, the world's largest carbon emitter and skeptical of developing countries’ emissions reduction commitments, announced internationally in 2020 its vision to peak carbon emissions in 2030 and achieve carbon neutrality by 2060. China's emission reduction strategy has a significant impact on China's economy and society as a whole, and Korea, which has a close economic ties with China, will also be affected. China's carbon neutral policy announced in 2021 includes the continuous promotion of policies such as direct regulation, public investment, and subsidies, as well as the nationwide implementation of the ETS and the expansion of applicable industries. This study analyzed the impact of China's ETS on Chinese industries using the input-output model, and derived implications for Korea-China economic relations based on the results.

Suggested Citation

  • Jung , Jihyun, 2023. "Impact of China's Emissions Trading System on Industries and its Policy Implications," World Economy Brief 23-37, Korea Institute for International Economic Policy.
    • Handle: RePEc:ris:kiepwe:2023_037
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    Keywords

    China; ETS; Impact on Industries; Korea-China economic relations;
    All these keywords.

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