ETS policy has a positive impact on reducing CO 2 emissions and carbon intensity. The assumption of parallel trends is satisfied, indicating that our conclusions are
robust.
15.4.2.2 Pilot ETS Issues and Implications for Nationwide ETS
Analysis of pilot ETS has confirmed that ETS policy beneficially reduces CO 2
emissions and energy consumption. However, several issues remain. The
Fig. 15.6 CO 2 intensity in pilot and non-pilot regions
Fig. 15.7 Energy consumption in pilot and non-pilot regions
15 Design and Analysis of a Carbon Emissions Trading System for Low-Carbon. . .
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robust.
15.4.2.2 Pilot ETS Issues and Implications for Nationwide ETS
Analysis of pilot ETS has confirmed that ETS policy beneficially reduces CO 2
emissions and energy consumption. However, several issues remain. The
Fig. 15.6 CO 2 intensity in pilot and non-pilot regions
Fig. 15.7 Energy consumption in pilot and non-pilot regions
15 Design and Analysis of a Carbon Emissions Trading System for Low-Carbon. . .
285