Summary
Details
Learn more
Event Overview
The Global Environmental Policy Seminar will take place on October 8, 2026, from 1:15 PM to 2:30 PM PT at the Y2E2 Building in Stanford, CA. This seminar will feature Guojun He, the Hong Kong Jockey Club Professor in Economics at the University of Hong Kong. He will present his research on "Carbon Markets with Chinese Characteristics: From Design to Consequences."
Seminar Details
Guojun He's presentation will delve into the design and implications of China's national rate-based carbon market. His research highlights how emission-intensity benchmarks create implicit subsidies for cleaner plants while imposing taxes on dirtier ones. This system alters the supply curve without changing the merit order, leading to weakened incentives for passing carbon costs onto electricity prices. His findings suggest that fluctuations in carbon prices do not significantly impact electricity prices, indicating potential regulatory capture within China's emissions trading system (ETS).
About Guojun He
Guojun He is not only a professor but also the founding director of the HKU-Jockey Club Enterprise Sustainability Global Research Institute. His work focuses on the intersection of environmental and development policies, particularly how governance structures influence policy outcomes in China. He serves as a co-editor for the Journal of Environmental Economics and Management and is involved with several other prestigious academic journals.
For more information and to register, visit the event website.
