The Effect of the Introduction of California Cap-and-Trade on Carbon Dioxide Emission Abatement
- 주제(키워드) California Cap-and-Trade , Synthetic Control Method , Carbon Dioxide Emission
- 발행기관 고려대학교 대학원
- 지도교수 남재현
- 발행년도 2021
- 학위수여년월 2021. 2
- 학위구분 석사
- 학과 대학원 경제학과
- 원문페이지 31 p
- UCI I804:11009-000000234718
- DOI 10.23186/korea.000000234718.11009.0001195
- 본문언어 영어
- 제출원본 000046069186
초록/요약
California adopted the cap-and-trade in December 2010 while maintaining its existing environmental policies. This paper investigated whether the introduction of California cap-and-trade led to an increased reduction of per capita carbon dioxide emissions after its adoption. This effect was estimated by applying the Synthetic Control Method to annual state-level data of the United States. Synthetic California was designed using population growth rate, GDP per capita, natural gas price, unemployment rate, and 3 years of lagged outcome variables. Real California’s per capita carbon dioxide emissions showed the same trends as synthetic California’s after the adoption of the California cap- and-trade. This finding meant that the introduction of California cap-and-trade did not cause a further reduction in carbon emissions.
more목차
1 Introduction 1
2 California Cap-and-Trade Program 3
3 Literature Review 5
4 Data and Descriptive Statistics 7
5 Model 11
5.1 Synthetic Control Method 11
5.2 Assumptions 13
6 Results 15
6.1 Results 15
6.2 PlaceboTest 17
7 Conclusion and Discussion 20
Bibliography 22
