The Guangdong Emissions Trading Scheme
Abstract
A pilot carbon emissions trading scheme (ETS) has been launched
for three years in the Guangdong (GD) Province in China, with the
power industry contributing nearly 66% of the covered CO2 emissions.
This article reviews the policy design of the power sector in the GD ETS,
and finds that the percentage of paid allowance is the primary factor
reflected in the carbon cost for generators with an average efficiency.
The ways the GD ETS influences the costs and profits of power plants
are our primary focus.
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