Emission Reductions Post Cap-and-Trade Implementation

Summary of PCA results . · All GD's covered heavy industrial sectors had dramatic decrease in emissions: 10-20%. This would make the cap unbinding, so it was more likely to be caused by economic slowdown. CA's heavy industries were relatively small, and some of them had noticeable increase in emissions. But overall the C/T achieved its reductions, mostly from imported electricity. Emissions from transportation were not affected in either CA or GD-covering refinery is not sufficient; • GD imported electricity increased, while CA's decreased: the importance to address leakage in electricity grids. • Emissions from buildings: CA decreased, while GD increased: indicating GD's trend to transition from manufacturing economy to service economy.

View entire presentation