@article{31298,
  author = {Cecilia Springer and Sam Evans and Jiang Lin and David Roland-Holst},
  title = {Low carbon growth in China: The role of emissions trading in a transitioning economy},
  abstract = {<p><span>China{\textquoteright}s leaders are increasingly committed to low-carbon economic development. Although China{\textquoteright}s economy has dramatically transformed since the initiation of economic reforms in 1978, it is still structurally different from post-industrial, high-income countries, and economic reform is ongoing. At the same time, China is taking major steps towards regulating its carbon dioxide emissions. China is currently preparing to implement a national carbon dioxide emissions trading system (ETS), which will be the largest ETS in the world. Our analysis demonstrates how these major economic and emissions policies are linked in China{\textquoteright}s economy. We use a dynamic computable general equilibrium (CGE) model of China{\textquoteright}s economy to simulate the interaction between a structural transition policy and a national ETS. We demonstrate an important policy instrument {\textendash} the household savings rate {\textendash} for stimulating economic transition. We show that by increasing consumption in lower emissions-intensity sectors, China can sustain growth in its economy while reducing emissions and transitioning to a more OECD-like economic structure. In addition, emissions reductions from an ETS regulation can be achieved at a lower cost for regulated firms when taking into account the changing structure of the economy.</span></p>},
  year = {2019},
  booktitle = {Applied Energy},
  journal = {Applied Energy},
  series = {Applied Energy},
  volume = {235},
  month = {02/2019},
  issn = {03062619},
  url = {https://linkinghub.elsevier.com/retrieve/pii/S0306261918317525},
  doi = {10.1016/j.apenergy.2018.11.046},
  language = {eng},
}