fig8

Figure 8. Simulated carbon emissions of the three scenarios. (A) Trends in carbon emissions of BAU, SM and DM scenarios from 2005 to 2030; (B) Enlarged view of SM and DM emissions during the simulation period from 2020 to 2030; (C) Differences in emissions between DM and SM (DM minus SM). BAU is the baseline scenario with no carbon trading market. SM is the single market scenario with ETS. DM is the dual market scenario integrating ETS and CCER. CCER: China Certified Emission Reduction; ETS: China’s Emissions Trading System.