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Sustainability 2014, 6(11), 7621-7645; doi:10.3390/su6117621

Can China’s Industrial SO2 Emissions Trading Pilot Scheme Reduce Pollution Abatement Costs?

and
†,*
School of Economics and Business Management, Central China Normal University, 152 Luoyu Road, Wuhan 430079, China
These authors contributed equally to this work.
*
Author to whom correspondence should be addressed.
Received: 28 July 2014 / Revised: 17 October 2014 / Accepted: 27 October 2014 / Published: 31 October 2014
(This article belongs to the Special Issue Special issue of Sustainable Asia Conference 2014)
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Abstract

This paper evaluates the effects of China’s industrial SO2 emissions trading pilot scheme (SETPS) on the pollution abatement costs (PAC) from the past and future perspective. We apply the kernel-based propensity score difference-in-difference method to examine the effects of SETPS on the average pollution abatement costs (APAC) and the marginal pollution abatement costs (MPAC) based on the environment data from the industrial sector of 29 provinces in China over the period of 1998 to 2011. Our findings are that SETPS failed to reduce PAC as a whole. During 2002 to 2011, SETPS increased APAC by 1310 RMB per ton on average and had an insignificant negative effect on MPAC. Nevertheless, the conclusions would be markedly different if we separately investigated the effects of SETPS each year of the pilot period. The positive effects of SETPS on PAC started to appear since 2009, and SETPS significantly reduced both APAC and MPAC, especially in 2009 and 2011. View Full-Text
Keywords: SO2 emissions trading pilot scheme (SETPS); pollution abatement costs (PAC); difference-in-difference method; network DEA SO2 emissions trading pilot scheme (SETPS); pollution abatement costs (PAC); difference-in-difference method; network DEA
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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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Tu, Z.; Shen, R. Can China’s Industrial SO2 Emissions Trading Pilot Scheme Reduce Pollution Abatement Costs? Sustainability 2014, 6, 7621-7645.

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