Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
The impact of carbon trading on regulated agents in China
Abstract Facing requirements of sustainable development and tremendous international pressures, China has initiated a serious of trials for mandatory carbon trading schemes. In this study, to investigate the impact of carbon trading on commodity prices, emissions, outputs and profits of the regulated agents such as power plants in China, a partial equilibrium model is constructed based on the Cournot theory of oligopoly. Three key results were found. First, following the implementation of a carbon trading scheme there is a shift of production from plants with high emission rates to those with low rates. Second, the emission-based updating (EBU) allocation of allowable emissions would provide a buffer in which the reduced outputs and profits of plants with high emissions are alleviated. Third, if the electricity price is market oriented it will vary with the carbon price. Based on these results, we conclude that the carbon constraint will result in cleaner generating technologies and be helpful in promoting the development of low carbon technologies in China. In addition, the EBU allocation is more feasible at the beginning of the national carbon trading in China. Given that electricity prices in China are regulated now, we argue that mandatory carbon trading should be implemented at the beginning of coordinated reforms of market-oriented pricing in electricity.
The impact of carbon trading on regulated agents in China
Abstract Facing requirements of sustainable development and tremendous international pressures, China has initiated a serious of trials for mandatory carbon trading schemes. In this study, to investigate the impact of carbon trading on commodity prices, emissions, outputs and profits of the regulated agents such as power plants in China, a partial equilibrium model is constructed based on the Cournot theory of oligopoly. Three key results were found. First, following the implementation of a carbon trading scheme there is a shift of production from plants with high emission rates to those with low rates. Second, the emission-based updating (EBU) allocation of allowable emissions would provide a buffer in which the reduced outputs and profits of plants with high emissions are alleviated. Third, if the electricity price is market oriented it will vary with the carbon price. Based on these results, we conclude that the carbon constraint will result in cleaner generating technologies and be helpful in promoting the development of low carbon technologies in China. In addition, the EBU allocation is more feasible at the beginning of the national carbon trading in China. Given that electricity prices in China are regulated now, we argue that mandatory carbon trading should be implemented at the beginning of coordinated reforms of market-oriented pricing in electricity.
The impact of carbon trading on regulated agents in China
Zhou, Yu (Autor:in) / Fan, Jin (Autor:in) / Zhao, Dingtao (Autor:in) / Wang, Shanyong (Autor:in)
2014
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
BKL:
43.47
Globale Umweltprobleme
/
43.47$jGlobale Umweltprobleme
AGENTS & AUTOMATED ONLINE TRADING
| British Library Online Contents | 2001
Examining the Impact and Influencing Channels of Carbon Emission Trading Pilot Markets in China
| DOAJ | 2021
The Impact of Carbon Emission Trading Policy on Enterprise ESG Performance: Evidence from China
| DOAJ | 2023
British Library Online Contents | 2010
Political uncertainty and carbon emission trading: Evidence from China
| Elsevier | 2023