Measurement of carbon emission impact factors and the choice of mitigation instruments: A review

Abstract

Cutting-edge economics research is currently centered on and heated by concerns connected to reducing carbon emissions globally. China's carbon emission reduction policy plays a crucial role in addressing international climate change, controlling domestic environmental pollution, and achieving early peaking of carbon and carbon neutrality. This article reviews and compares research on the measurement of impact factors of carbon emissions and the selection of emission reduction tools. The first answers the question of what affects carbon emissions and the second answers the question of how to effectively achieve carbon emission reduction. By comparing the differences between various methods of decomposition of carbon emission impact factors and various abatement tools in terms of abatement effectiveness, abatement costs, and resistance to implementation, this article provides recommendationsfor the launch and operation of a national carbon emission market, which is of great significance. This article will provide a basis for timely adjustment of policy design in China and theoretical support for the government to select and develop carbon emission reduction instruments.