The evolution of markets for water pollution allowances in China: a case study of Jiaxing
WATER INTERNATIONAL(2022)
Abstract
The central question this paper asks is: How can we understand the evolution of markets for water pollution allowances? To answer, we have conducted an in-depth study of the development of water pollution allowance markets in Jiaxing, China, which was one of the first cities to experiment with these markets. We have completed a longitudinal analysis and conclude that market design is a continual learning process, with adjustments to solve issues and to respond to external changes.
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Key words
Water pollution allowance, market, institutional design change, performance, Jiaxing, China
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