ENVIRONMENTAL PROTECTION AND FORWARD CONTRACTS: SULFUR DIOXIDE EMISSION ALLOWANCES

1993 ◽  
Vol 6 (3) ◽  
pp. 109-110
Author(s):  
John Byrd ◽  
Tom Zwirlein
2020 ◽  
Vol 12 (5) ◽  
pp. 1781
Author(s):  
Yu-Chen Zhang ◽  
Deng-Kui Si ◽  
Bing Zhao

As the third-largest SO2 emitter in the world, China is facing mounting domestic and external pressure to tackle the increasingly serious SO2 pollution. Figuring out the convergence and persistence of sulfur dioxide (SO2) emissions matters much for environmental policymakers in China. This study mainly utilizes the Fourier quantile unit root test to survey the convergence of the SO2 emissions per capita in 74 cities of China during the period of December 2014 to June 2019, by conducting five traditional unit root tests and a quantile root unit test as a comparative analysis. The empirical results indicate that the SO2 emissions per capita in 72 out of 74 cities in China are convergent in the sample period. The results also suggest that the unit root behavior of the SO2 emissions per capita in these cities is asymmetrically persistent at different quantiles. For the cities with the convergent SO2 emissions, the government should consider the asymmetric mean-reverting pattern of SO2 emissions when implementing environmental protection policies at different stages. For Hefei and Nanjing, the local governments need to enact stricter environmental protection policies to control the emission of sulfur dioxide.


Author(s):  
Philip R. Kyle ◽  
Lauri M. Sybeldon ◽  
William C. McIntosh ◽  
K. Meeker ◽  
Robert Symonds

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