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| DOI | 10.1016/j.eiar.2024.107444 |
| Carbon price signal failure and regulatory policies: A systematic review | |
| 发表日期 | 2024 |
| ISSN | 0195-9255 |
| EISSN | 1873-6432 |
| 起始页码 | 105 |
| 卷号 | 105 |
| 英文摘要 | The current failure of carbon price signals is hindering the orderly operation of the carbon market. Based on a statistical review, this study extends the systematic theoretical framework of price signal failure. It was found that: (1) the government is a key creator of demand and supply, and cannot play the role of night watchman as in general commodity markets; (2) information asymmetry, systematic supply-demand deviation and excessive intervention all account for price signal failures; (3) the boundaries of carbon price failure are determined by a combination of factors, including market efficiency, probability of carbon quota shortage, and carbon intensity. In order to better respond to such failures, this study not only proposes an innovative theoretical analytical framework for selecting 12 policy tools, but also presents additional viewpoints based on real-world experience. While mixed tools are more cost-effective, political acceptability, a combination of mixed tool risk, excessive intervention, uncertainty, carbon leakage and technology spillovers are significant issues that cannot be overlooked. These novel findings provide a reference for governments around the world to judge the impact of policy tools in a comprehensive way. |
| 英文关键词 | Systemic review; Carbon price signal failure; Carbon emissions trading; Policy tools |
| 语种 | 英语 |
| WOS研究方向 | Environmental Sciences & Ecology |
| WOS类目 | Environmental Studies |
| WOS记录号 | WOS:001181726400001 |
| 来源期刊 | ENVIRONMENTAL IMPACT ASSESSMENT REVIEW
 |
| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/294417 |
| 作者单位 | Jiangsu Normal University; Macau University of Science & Technology; China University of Mining & Technology |
| 推荐引用方式 GB/T 7714 | . Carbon price signal failure and regulatory policies: A systematic review[J],2024,105. |
| APA | (2024).Carbon price signal failure and regulatory policies: A systematic review.ENVIRONMENTAL IMPACT ASSESSMENT REVIEW,105. |
| MLA | "Carbon price signal failure and regulatory policies: A systematic review".ENVIRONMENTAL IMPACT ASSESSMENT REVIEW 105(2024). |
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