Assessment of impacts of Hubei Pilot emission trading schemes in China - A CGE-analysis using TermCO2 model
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文摘
The economic and environmental impacts of the Hubei Pilot ETS are assessed by applying TermCO2 model. The carbon emission of Hubei is reduced by 1.00% and the provincial GDP declines by 0.06% in 2014. Elasticity of GDP to carbon reduction is 0.06, and the average GDP loss is 212.09 Yuan per ton in Hubei. The provincial employment and investment rate decreases by 0.09% and 0.33% respectively.

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