Hong Kong currently does not have a long-term decarbonization strategy or target beyond 2030, but must formulate a long-term decarbonization plan to conform with short- and medium-term actions. World Resources Institute and Civic Exchange collaborated with Energy Innovation to develop the Hong Kong Energy Policy Simulator (EPS) to provide technical support for developing Hong Kong’s 2050 deep decarbonization strategy. This technical note describes the structure, input data sources, outputs, limitations, future development, and online interface of the Hong Kong EPS.
Carbon pricing is increasingly used to reduce carbon emissions through carbon taxes and cap-and-trade programs, and the most important new development in carbon pricing is China’s national carbon market. This research note discusses how California’s “consignment auctioning” approach to allowance distribution provides an option for Chinese policymakers to introduce auctioning while cushioning economic effects on covered entities through free allocation.
“Emerald Cities: Planning for Smart and Green China” is the first comprehensive manual detailing how to build a sustainable city from the ground up in China, laying out green building and urban sustainability practices for low-carbon city planning and construction in China and abroad. The manual proposes 10 principles to help set a new development direction for Chinese cities and aims to establish green, healthy and economic vibrant cities, while solving pollution and livability challenges faced by China’s cities. The manual is available for free download in English and in Chinese.
This report provides insight into which climate and energy policies can most cost-effectively drive down China’s emissions. The report’s recommendations are based on results from the Energy Policy Simulator (EPS), which assesses the combined effects of 35 climate, energy, and environmental policies on a variety of metrics.
Author Antung Anthony Liu argues that carbon taxes that recycle revenues and cut taxes in other areas can be good for both economic welfare and growth because they are more efficient than other forms of taxation. The paper summarizes three advantages of carbon taxes, contending they are harder to evade than other taxes, less likely to distort market behavior, and act as a deterrent to the informal, untaxed economy.