China and India will have to radically transform their electric power systems in order to decouple economic growth from unsustainable resource consumption. While the majority of transition literature has focused on the diverse socio-technical factors that could enable such a transformation, more...

We study how the implementation of emissions trading systems (ETS) impacts emissions reductions and the usage of renewable energy using a panel sample of the largest 100 countries worldwide. Exploiting the cross-country variations in ETS implementations, we show that ETS adoption materially...