Attend this lecture based on Lawrence H. Goulder's paper co-authored with Xianling Long, Jieyi Lu and Richard D. Morgenstern, China's Unconventional Nationwide CO2 Emissions Trading System: The Wide-Ranging Impacts of an Implicit Output Subsidy.

Abstract: China is implementing what is expected to become the world’s largest CO2 emissions trading system. To reduce emissions, the nation will employ a tradable performance standard (TPS), a rate-based instrument differing significantly from cap&trade (C&T) and a carbon tax, emissions pricing instruments used elsewhere. With matching analytically and numerically solved models, we assess the cost-effectiveness and distributional impacts of China’s TPS for reducing CO2 emissions from the power sector.

Lawrence H. Goulder is the Shuzo Nishihara Professor in Environmental and Resource Economics at Stanford and Director of the Stanford Environmental and Energy Policy Analysis Center. His research examines the environmental and economic impacts of environmental policies in the U.S. and China, with a focus on policies to deal with climate change and air pollution. His work also has explored the sustainability of natural resources and well-being in several countries.