Does the different sectoral coverage matter? An analysis of China's carbon trading market
Lin B.; Jia Z.
Date Issued2020
Other AbstractBy the end of 2017, China formally established the national carbon trading market, however, only electricity industry was eligible to participate in the emission trading scheme (ETS). This paper aims to answer the question as to what should China do after the first step of establishing China's national ETS market using a dynamic recursive CGE model with six scenarios from different coverage according to relevant documents. The results show that when more industries are covered in ETS market it will lead to a higher GDP performance and less ETS price in general. Since the trading price is related to the marginal emission reduction cost of enterprises, the coverage of enterprises with low emission reduction cost can bring lower prices. However, there is no direct relationship between carbon price and emission reduction, as the coverage is different in different. There is no obvious relationship between the additional burden of enterprises and emission reduction, it is only related to carbon price and the coverage. Finally, we find that after covering the power generation industry, the carbon market should cover other primary energy production enterprises, which will bring much better emission reduction benefits than the original plan of the National Development and Reform Commission in China. © 2019 Elsevier Ltd
enkeywordsChina's national ETS market; CO2 emission; Computable General Equilibrium (CGE) model; Coverage industry; Emission Trading Scheme (ETS)
scopus keywordsCarbon; Emission control; CO2 emissions; Computable general equilibrium model; Electricity industry; Emission reduction; Emission trading scheme; National development; Power generation industries; Relevant documents; Costs; carbon dioxide; carbon emission; computable general equilibrium analysis; emission control; emissions trading; power generation; China
journalEnergy policy
Document Type期刊论文
AffiliationSchool of Management, China Institute for Studies in Energy Policy, Collaborative Innovation Center for Energy Economics and Energy Policy, Xiamen UniversityFujian 361005, China
Recommended Citation
GB/T 7714
Lin B.,Jia Z.. Does the different sectoral coverage matter? An analysis of China's carbon trading market[J],2020,137.
APA Lin B.,&Jia Z..(2020).Does the different sectoral coverage matter? An analysis of China's carbon trading market.Energy policy,137.
MLA Lin B.,et al."Does the different sectoral coverage matter? An analysis of China's carbon trading market".Energy policy 137(2020).
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