Data and Code for: China’s Nationwide CO2 Emissions Trading System: A General Equilibrium Assessment

China’s CO2 emissions trading system, the world's largest, aims to significantly reduce CO2 emissions. The system is a tradable performance standard (TPS), differing from cap and trade (C&amp;T). We provide a dynamic general equilibrium assessment that uniquely considers institutional and fiscal features of China that affect policy costs and distributional impacts. Key findings: the TPS's environmental benefits exceed its costs by a factor of five or more. Interactions with the fiscal system reduce or eliminate the TPS's cost disadvantage relative to C&amp;T. Introducing auctioning as a complementary source of allowance supply can reduce costs by 30%.<br>
<br>The accompanying data and code include resources for generating input data for the dynamic general equilibrium model and conducting simulations in this study.