China had been the world's second largest carbon emitter for years. However, recent studies show that China had overtaken the U.S. as the world's largest emitter in 2007. This has put China on the spotlight, just at a time when the world community starts negotiating a post-Kyoto climate regime...

The inclusion of joint implementation (JI) in the United Nations Framework Convention on Climate Change as a climate policy instrument is deemed a breakthrough for international cooperation on climate actions. It may provide a good opportunity for cooperation between industrialized and...

The Kyoto Protocol is the first international environmental agreement that sets legally binding greenhouse gas emissions targets and timetables for Annex I countries. It incorporates emissions trading, joint implementation and the clean development mechanism. Because each of the Articles...

This study analyzes the macroeconomic effects of abating China's CO2 emissions by using a dynamic computable general equilibrium model of the Chinese economy. The baseline scenario for the Chinese economy is first developed. Next, we analyze the economic implications of two less restrictive...

Taking account of sinks credits as agreed in Bonn and Marrakech, this paper illustrates how market power could be exerted in the absence of the US ratification under Annex 1 trading and explores the potential implications of the non-competitive supply behavior for the international market of...

Experience with existing multilateral environmental agreements (MEAs) shows that trade measures agreed to within the MEAs themselves may not necessarily lead to a dispute between parties. On the contrary, there is a great chance that disputes may arise from national measures undertaken to fulfil...

The green credit policy plays a vital role in promoting enterprise upgrading. Using a thirteen year panel data of listed companies in China (2007 2019), this study uses the difference in differences (DID) method to examine the effects of the Green Credit Guidelines in 2012 GCG2012 ) on the firm...

There are no other two countries in the world that trade as much between themselves as do Canada and the U.S. It should thus come as no surprise that the U.S. deviation from international obligations makes Canadian industries' competitiveness (trade) concerns become even more rigorous. Against...

Existing studies have focused on the impact of inefficient resource allocation on energy performance in China’s factor market, but neglected to explore the underlying reason from the perspective of market segmentation. In this paper, the epsilon-based measure model and price index method are...

Taking account of sinks credits as agreed in Bonn and Marrakech, this paper illustrates how market power could be exerted in the absence of the US ratification under Annex 1 emissions trading and explores the potential implications of the non-competitive supply behavior for the international...