Potential impact of (CET) carbon emissions trading on China's power sector: A perspective from different allowance allocation options

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	Potential impact of (CET) carbon emissions trading on China's power sector: A perspective from different allowance allocation options
	Cong, RG; Wei, YM
发表期刊	ENERGY
关键词	Carbon Emissions Trading Emission-based Allocation Output-based Allocation Agent-based Model
摘要	In Copenhagen climate conference China government promised that China would cut down carbon intensity 40-45% from 2005 by 2020. CET (carbon emissions trading) is an effective tool to reduce emissions. But because CET is not fully implemented in China up to now, how to design it and its potential impact are unknown to us. This paper studies the potential impact of introduction of CET on China's power sector and discusses the impact of different allocation options of allowances. Agent-based modeling is one appealing new methodology that has the potential to overcome some shortcomings of traditional methods. We establish an agent-based model, CETICEM (CET Introduced China Electricity Market), of introduction of CET to China. In CETICEM, six types of agents and two markets are modeled. We find that: (1) CET internalizes environment cost; increases the average electricity price by 12%; and transfers carbon price volatility to the electricity market, increasing electricity price volatility by 4%. (2) CET influences the relative cost of different power generation technologies through the carbon price, significantly increasing the proportion of environmentally friendly technologies; expensive solar power generation in particular develops significantly, with final proportion increasing by 14%. (3) Emission-based allocation brings about both higher electricity and carbon prices than by output-based allocation which encourages producers to be environmentally friendly. Therefore, output-based allocation would be more conducive to reducing emissions in the Chinese power sector. (C) 2010 Published by Elsevier Ltd.
	2010
卷号	35 期号:9 页码:11,3921-3931
ISSN	0360-5442
学科领域	Thermodynamics ; Energy & Fuels
收录类别	SCI
语种	英语
WOS记录号	WOS:000281178000048
引用统计	被引频次：128[WOS] [WOS记录] [WOS相关记录]
文献类型	期刊论文
条目标识符	http://ir.casisd.cn/handle/190111/4403
专题	中国科学院科技政策与管理科学研究所(1985年6月-2015年12月)
推荐引用方式 GB/T 7714	Cong, RG,Wei, YM. Potential impact of (CET) carbon emissions trading on China's power sector: A perspective from different allowance allocation options[J]. ENERGY,2010,35(9):11,3921-3931.
APA	Cong, RG,&Wei, YM.(2010).Potential impact of (CET) carbon emissions trading on China's power sector: A perspective from different allowance allocation options.ENERGY,35(9),11,3921-3931.
MLA	Cong, RG,et al."Potential impact of (CET) carbon emissions trading on China's power sector: A perspective from different allowance allocation options".ENERGY 35.9(2010):11,3921-3931.

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