Potential impact of (CET) carbon emissions trading on China’s power sector A perspective from different allowance allocation options

In Copenhagen climate conference China government promised that China would cut down carbon intensity 40-45% from 2005 by 2020. CET (carbon emissions trading) is an effective tool to reduce emissions. But because CET is not fully implemented in China up to now, how to design it and itspotential impact are unknown to us. This paper studies the potential impact of in..