GX & Decarbonization Research

Jakob Skovgaard, Åsa Knaggård, Roger Hildingsson +1

This paper compares carbon tax adoption in Sweden and Mexico, finding that despite different contexts, similar factors such as ideational change and fiscal reform windows enabled adoption. It highlights the importance of coalition-building …

Anastasiya Ostrovnaya, Jan Ahrens, Julian Smart +2

This paper analyzes the effects of carbon pricing on firms' financial profiles, focusing on cash flows and margins of steel and cement firms under various scenarios. The key determinant is carbon cost pass-through ability, and capital marke…

Mingyu Liang, Yiling Zuo

This paper studies the Chinese national carbon market from 2021 to 2025 using OLS regression with variables including policy, EUA prices, GDP, HS300, coal prices, and international oil prices. Findings show that policies and energy prices a…

Thomas Sterner, Dallas Burtraw, Jos Delbeke +3

This paper reviews 20 years of the EU Emissions Trading System (EU ETS), the world's largest carbon market. It highlights how the system evolved from initial price collapse to effective emission reductions through the Market Stability Reser…

Ф. Чэнь

This paper positions carbon pricing as a crucial tool for cross-border carbon regulation and the green transformation of the global economy. It likely discusses mechanisms for international carbon price adjustment and the need for policy ha…

Emil Dimanchev

This paper argues that for European climate policy to be effective, a carbon price on imports is essential. It emphasizes the importance of border carbon adjustments like CBAM to prevent carbon leakage and maintain competitiveness. It exami…

Yang Cao, Donglan Zha, Ze He +2

This study uses explainable machine learning to forecast how EU carbon prices react to geopolitical risks, quantifying the impact of geopolitical events on the EU ETS. It provides actionable insights for policymakers and investors in carbon…

geruganti, sudhakar

This paper analyzes the paradox where CBAMs nullify FTA tariff benefits, using the India-UK FTA as a case study. It quantifies the de facto tariff of 20-40% from the UK's carbon price ($66/tCO2) versus India's low explicit price ($8-10/tCO2…

Luca E. Fierro, Severin Reissl, Francesco Lamperti +5

This study soft-links an integrated assessment model (WITCH) with a macro-financial agent-based model (DSK) to analyze the macroeconomic and financial impacts of rapid decarbonization driven by carbon pricing. Results show that fast-rising …

Lei Zhuang, Rui Chen

This study examines the impact of China's carbon emissions trading system (CETS) on the financial performance of listed industrial enterprises using panel data from 2009-2022. Employing multi-period difference-in-differences, propensity sco…

Rene Aid, Maria Arduca, Sara Biagini +1

This paper develops a theoretical framework to analyze how carbon pricing policies affect domestic energy producer prices and quantify the policy-driven price impacts of achieving net-zero emissions. It models energy firms' behavior under e…

Cristiana Tudor, Aura Girlovan, Robert Sova +2

This paper analyzes how emissions trading systems (ETS) transmit macroeconomic shocks using monthly data from seven jurisdictions. Using PVAR-CCE and XGBoost, it finds that ETS returns have spillover effects on unemployment and inflation, w…

Maciejowski, Jan, Leonelli, Manuele

This paper uses Bayesian networks to analyze drivers of EUA futures prices under the EU ETS, covering 2013-2025. Energy commodities (coal, oil) are the most influential, while stock market sentiment affects prices indirectly. The dynamic mo…

Ana Beatriz Leite, Teresa Ponce De Leão

This paper analyzes the EU Carbon Border Adjustment Mechanism (CBAM) as a carbon pricing policy for imports to prevent carbon leakage and ensure fair competition. It examines integration with the EU ETS, MRV systems, and a steel sector case…

Do Phu Hai

This study empirically evaluates the EU's CBAM and ETS linkage using gravity models and CGE simulations for six developing-country exporters. It finds carbon-intensive exports decline by 9–21% and EU welfare losses nearly double compared to…

Zhipeng Han, Liguo Wang

This study combines partial equilibrium modeling with empirical analysis to show that emissions trading systems (ETS) significantly promote green transformation of industrial enterprises by incentivizing low-carbon innovation and alleviatin…

C. José García, Begoña Herrero, Francisco Morillas‐Jurado

This study examines the impact of carbon prices under the EU Emissions Trading System (EU-ETS) on firm-level GHG emissions and environmental innovation. Findings show carbon prices have a negative relationship with corporate CO2 emissions a…

Dai, C, Pollitt, MG

This study uses triangulated institutional analysis (policy archaeology, cognitive mapping, quantitative validation) of 346 documents and 22 expert interviews to examine the integration of China's national carbon market (CN-ETS) with local …

Lai Nam Tuan

This study analyzes the effectiveness of Emission Trading Systems (ETS) in reducing CO2 emissions across 11 Asian countries using a high-dimensional fixed effects regression. Results show that ETS effectiveness is highly contingent on count…

Wang, Baixue, Quan, Yifei, Duan, Maosheng

This study provides the first comprehensive ex-post evaluation of China's national ETS after three compliance periods, based on a nationwide survey. It examines allowance allocation, trading behavior, emissions accounting, and reduction act…