Climate Policy

As the country with the world's largest coal power capacity, China is launching a national carbon market. How the carbon pricing may contribute to phasing out China's coal power is a great concern. We collect full-sample data set of China's 4540 operating coal plant units and develop a stochastic Monte-Carlo financial model to assess the financial sustainability of the plant operation. Although China's coal plants have long residual technical lifetime, their operations are close to the break-even state.
Elsevier, Transportation Research Part D: Transport and Environment, Volume 93, April 2021
An improved understanding of public support is essential to design effective and feasible climate policies for aviation. Our motivation is the contrast between high support for air travel restrictions responding to the COVID-19 pandemic and low support for restrictions to combat climate change. Can the same factors explain individuals’ support for restrictive measures across two different problems? Using a survey, we find that largely the same factors explain support.
Elsevier, Energy Policy, Volume 104, 2017
First-best climate policy is a uniform carbon tax which gradually rises over time. Civil servants have complicated climate policy to expand bureaucracies, politicians to create rents. Environmentalists have exaggerated climate change to gain influence, other activists have joined the climate bandwagon. Opponents to climate policy have attacked the weaknesses in climate research. The climate debate is convoluted and polarized as a result, and climate policy complex.
Elsevier, Energy Research and Social Science, Volume 1, March 2014
Energy is central to the survival and prosperity of human society, which explains the social sciences' interest in energy production, consumption and distribution. The emergence of the global environmental agenda in the second half of the 20th century gave rise to a distinctive research literature on how energy systems and global environmental protection are interconnected. The threat of disruptive climate change, in particular, has thrown the spotlight on the central role that energy plays in shaping the future relationship between human society and its natural environment.