Effects of emission trading scheme (ETS) on change rate of carbon emission.
Sci Rep
; 13(1): 912, 2023 01 17.
Article
en En
| MEDLINE
| ID: mdl-36650382
ABSTRACT
This paper investigates the effects of Emission Trading Scheme (ETS) adoption on the country-level reduction rate of carbon emission. We first used Environmental Kuznets Curve (EKC) tests to group countries into three categories inverse U-shaped and gamma-shaped EKC for decoupled countries, and a positive linear EKC for non-decoupled countries. We then examined the effectiveness of ETS adoption. We found ETS was effective for both post-industrial and pre-industrial economies. Compared to countries that have not adopted ETS, the carbon emission reduction (increment) rate of decoupled (non-decoupled) countries that have adopted ETS is faster (slower). Furthermore, ETS adoption significantly reduces overall carbon emissions per capita compared to other global events, such as oil crises. The results imply that a market-based mechanism is an effective strategy for achieving sustainable development, thus, providing insights for policymakers and governments to design effective carbon neutrality policies to achieve sustainable development.
Texto completo:
1
Colección:
01-internacional
Base de datos:
MEDLINE
Asunto principal:
Carbono
/
Industrias
País/Región como asunto:
Asia
Idioma:
En
Revista:
Sci Rep
Año:
2023
Tipo del documento:
Article