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Achieving Copenhagen target through carbon emission trading: Economic impacts assessment in Guangdong Province of China
Wang, Peng1; Dai, Han-cheng2; Ren, Song-yan1; Zhao, Dai-qing1; Masui, Toshihiko2
2015
Source PublicationENERGY
Volume79Pages:212-227
AbstractThis study analyzed the economic impacts of carbon ETS (emission trading scheme) policy among four energy intensive sectors in Guangdong province with a two-region dynamic CGE model. Five cases are considered to achieve Copenhagen target towards 2020 in Guangdong, including a reference case, two cases under different carbon emission constraints without carbon ETS, and two cases with ETS. The simulation results show that carbon price and economic impacts are closely related to both emission constraints and ETS. In the scenario that overshoots Copenhagen target and does not consider ETS, carbon mitigation cost of refinery and iron & steel sectors would be relatively higher whereas that of power and cement sectors would be lower, and the GDP (gross domestic production) loss would be 1.4%. On the contrary, with ETS implemented, the trading carbon price would be 38 USD (US Dollar)/ton-CO2, creating a carbon market of around 1 billion USD. Furthermore, ETS could significantly reduce the mitigation cost for the whole economy. The GDP of Guangdong province would recover by 2.6 billion USD. In addition, the economic output and employment of sectors with would be affected compared to the scenario without ETS. (C) 2014 Elsevier Ltd. All rights reserved.
SubtypeArticle
KeywordCarbon Emission Trading General Equilibrium Model Carbon Trading Price
WOS HeadingsScience & Technology ; Physical Sciences ; Technology
DOI10.1016/j.energy.2014.11.009
WOS Subject ExtendedThermodynamics ; Energy & Fuels
WOS KeywordCGE ANALYSIS ; BOTTOM-UP ; ENERGY ; DEMAND ; COST
Indexed BySCI ; SSCI
Language英语
WOS SubjectThermodynamics ; Energy & Fuels
WOS IDWOS:000348959000020
Citation statistics
Cited Times:72[WOS]   [WOS Record]     [Related Records in WOS]
Document Type期刊论文
Identifierhttp://ir.giec.ac.cn/handle/344007/10791
Collection中国科学院广州能源研究所
Affiliation1.Chinese Acad Sci, Guangzhou Inst Energy Convers, Guangzhou 510640, Guangdong, Peoples R China
2.Natl Inst Environm Studies, Social & Environm Syst Div, Tsukuba, Ibaraki 3058506, Japan
Recommended Citation
GB/T 7714
Wang, Peng,Dai, Han-cheng,Ren, Song-yan,et al. Achieving Copenhagen target through carbon emission trading: Economic impacts assessment in Guangdong Province of China[J]. ENERGY,2015,79:212-227.
APA Wang, Peng,Dai, Han-cheng,Ren, Song-yan,Zhao, Dai-qing,&Masui, Toshihiko.(2015).Achieving Copenhagen target through carbon emission trading: Economic impacts assessment in Guangdong Province of China.ENERGY,79,212-227.
MLA Wang, Peng,et al."Achieving Copenhagen target through carbon emission trading: Economic impacts assessment in Guangdong Province of China".ENERGY 79(2015):212-227.
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