Social and Behavioral Sciences Commons^™

Does The Emission Trading System Reduce Greenhouse Gas Emissions & Coal Consumption And Lead To An Increase In Renewable Energy? – Evidence From Oecd Member Countries, Pilmu Ryu

MPA/MPP/MPFM Capstone Projects

The Emission Trading System (ETS) on greenhouse gas (GHG) is a climate change policy well-known as a market-based mitigation mechanism. However, policymakers have faced strong opposition of many stakeholders and failed to persuade them in the process to introduce the ETS. Objective evidence on ETS impact not only provides information to policymakers but also may help alleviate controversy between stakeholders and policymakers. Also, empirical results on ETS will be able to contribute to the theoretical economic study of cap-and-trade. In this context, this research aims at empirical analyses of ETS impact with regard to GHG emissions, coal consumption, and renewable …