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This paper proposes a novel aviation CO 2 emissions reduction method by introducing a market-based incentive mechanism. An aviation carbon emissions prediction model is proposed to characterize both the microscopic flight dynamics and the macroscopic air traffic demand trend. Based on emissions prediction, a linear climate response model is applied to evaluate the environmental impact of the aviation carbon emissions. Finally, a market-based framework for aviation CO 2 emissions reduction is established based on a two-phase carbon trading model, which provides a piecewise charge method through emission taxation and cap-and-trade. A case study is carried out to demonstrate the effectiveness of the proposed framework using a real-world dataset from the Hefei Air Traffic Control Zone in China. Three scenarios are defined to describe the possible development speed of sustainable aviation fuel application in the future: not applied, medium-speed development, and high-speed development. The results show that the carbon peak will be reached in 2025 in the high-speed development scenario, when the emission amount and associated environmental impact will be reduced by 23.7% and 22.3%, respectively. Thus, the market-based framework proposed in this paper can effectively reduce aviation CO 2 emissions and mitigate the effects of global warming. • An aviation CO 2 emissions prediction model is proposed considering both microscopic flight dynamics and macroscopic traffic demand. • A more efficient market-based CO 2 emission reduction framework is developed based on a two-phase carbon trading model by means of taxation and cap-and-trade. • Case study shows that the proposed method has a more optimal incentive for CO 2 emission reduction. [ABSTRACT FROM AUTHOR]

This study explores the impact of political uncertainty on sustainable urban development by examining carbon emission trading systems (ETS) in four major markets in China (Beijing, Shanghai, Guangdong, and Hubei) from 2014 to 2022. As an alternative to carbon taxes, carbon ETS markets have become increasingly popular due to their success in reducing greenhouse gas emissions. However, their effectiveness is often hindered by political instability and uncertainty. Utilising logistic regression and AR(1)-GARCH estimations, we identify a negative relationship between political uncertainty and carbon trading volume. Our study also reveals significant variations in the responses of these markets to political uncertainty. The paper contributes to the understanding of how ETS markets operate in a complex and constantly changing political environment. We suggest that policymakers need to consider the impact of political uncertainty on carbon trading when designing and implementing urban policies that promote sustainable development. Additionally, our research contributes to the development of urban policies that can be effectively implemented in both developed and developing regions. • Local government official turnovers are used as the measurement of political uncertainty. • Daily transaction data from four carbon ETS markets (Beijing, Shanghai, Hubei and Guangdong) in China • Considered the probability and proportion of zero transaction day • Logistic regression and AR(1)-GARCH estimations • A negative relationship between political uncertainty and carbon transaction volume [ABSTRACT FROM AUTHOR]

The industrial sector has significantly contributed to global climate change and urban air pollution while driving economic development. This paper takes the synergistic CO2 and SO2 emission reduction in China's industrial sector as an entry point quantifies the synergistic CO2 and SO2 emission reduction effect using the Kaya extension model and analyzes the synergistic emission reduction expansion mechanism in depth. It is found that the synergistic effect of CO2 and SO2 in the industrial sector is prevalent in most provinces in China. Every 10,000 tons of CO2 emission reduction leads to 1600 tons of SO2 emission reduction. Regional heterogeneity also clarifies that there are differences in synergistic emission reduction among different provinces, with most regions having a significant positive effect of synergistic emission reduction, while a small number of regions have an inverse effect, and direct SO2 reduction measures should be considered separately. The interaction effect analysis found that energy efficiency improvement in the industrial sector is the critical path to synergistic effect enhancement. At the same time, R&D expenditure and fixed asset investment have a weak effect on synergistic emission reduction. The interaction of the three factors can synergize the emission reduction effect by more than twice. The study's findings can be used as a reference for China's industrial sector to achieve the goal of reducing pollution and carbon emissions and for the practice of regional synergistic emission reduction, as well as for the formulation of international synergistic emission reduction policies. [ABSTRACT FROM AUTHOR]

The Belt and Road Initiative was proposed by China in 2013 to promote the interconnected development and prosperity of all participating countries. In the context of global response to climate change, understanding the embodied carbon transfer change along economic trade before and after the Belt and Road Initiative is essential to reduce carbon overall emission. In this paper, we used a multi-regional input-output model to study the embodied carbon transfer in trade between the Belt and Road countries that have signed cooperation documents with China from 2004 to 2017. The results showed that from 2004 to 2017, the growth rate that China's carbon emissions imported from other Belt and Road Initiative countries was about 1.9 times that of its exports. From 2004 to 2017, the proportion of China's carbon imports from other Belt and Road countries in China's total carbon imports increased from 3.41% to 3.73%, and exports decreased from 6.52% to 6.03%. In both 2004 and 2017, Electricity, Gas and Water sector, Heavy Industry sector, Transport sector were the three largest carbon transfer sectors in China's multilateral trade. In 2017, the embodied carbon transfer by multilateral trade among other Belt and Road countries except China increased by 15.53% compared with 2004. By comparing the characteristics of carbon transfer between China and the Belt and Road countries from 2004 to 2017, this study will provide insights for carbon emission reduction policy setting of Belt and Road Initiative countries. • We took countries that have signed documents with China as research objects. • MRIO model was used to analyze the carbon transfer change from 2004 to 2017. • The embodied carbon transfer in 2017 of BRI increased by 15.53% compared with 2004. • The growth rate of China's carbon imports from BRI was 1.9 times that of exports. [ABSTRACT FROM AUTHOR]

• Constructing a new welfare function considering economy, equity and ecology. • Optimizing carbon emission pathways from multiple perspectives. • Focusing on the emission pathways in China achieving the ambitious targets. With the increasing climate warming, reducing carbon emissions has gradually become a consensus around the world. However, the process of carbon emission reduction will inevitably lead to the transformation of economic structure, industrial structure and energy structure, which will bring huge changes in economic output, employment and other aspects, thus affecting the overall social welfare and equity. Therefore, it is particularly important for each country to determine a scientific and effective carbon emission pathway which take into account both social development and climate targets. As the largest carbon emitter, China has put forward the targets of carbon peak and carbon neutrality. In this regard, the corresponding carbon emission reduction scenarios are designed according to the new situation of China's emission reduction in this paper, firstly. Furthermore, under the premise of maximizing social welfare, an optimization model which integrating economic growth-equity-environment is developed to determine China's emission pathways under different scenarios from 2020 to 2050. Besides quantitatively showing the future total amount and peak value of carbon emissions under different scenarios, the results can also identify its evolution pathway over time. Therein, the peak under most scenarios will concentrate in 2025–2030, which is about 10.7 to 11.8 billion tons. With the increasingly stringent constraints on carbon emission reduction, the cost of emission reduction will increase correspondingly, but the overall social welfare will increase slightly. Finally, our findings provide practical guidance on achieving carbon emission reduction and enlightenments on policymaking. [ABSTRACT FROM AUTHOR]