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Understanding the economic impact of interacting carbon pricing and renewable energy policy in China
Wu, Jie; Fan, Ying; Timilsina, Govinda; Xia, Yan; Guo, Renyong
发表期刊REGIONAL ENVIRONMENTAL CHANGE
摘要

Climate change is posing risks for human and natural systems, and one of the most important questions faced by policy makers is to reduce such risks and impacts through adaption and mitigation actions. As the country with the highest CO(2)emissions, China is facing unprecedented challenges: climate change, energy structure transformation and socio-economic development all pose complex dilemmas for policy makers. The Chinese government has introduced energy policy and emission reduction measures to achieve its climate change mitigation targets. However, overlap between these measures may generate great uncertainty about their performance. By using a multi-regional computable general equilibrium (CGE) model, this study examines the economic impacts of implementing a nationwide carbon market and a renewable energy subsidy in the power sector in China. The study finds that a renewable energy policy would increase the economic cost of reducing greenhouse gas emissions and lead to a lower carbon price level if a carbon pricing mechanism were in place. However, the combination of the two policies indeed shows advantages in achieving emission reduction targets and renewable energy promotion targets. While an emission trading scheme is necessary for reducing emissions effectively, a renewable energy policy could promote the large-scale use of renewable energy in the electricity sector. In addition, the adoption of a renewable energy policy could yield substantial inter-regional capital inflow to central and western regions. This would improve low-carbon investment in less developed regions, and thus an appropriately designed policy mix would be sensible.

2020
卷号20期号:74页码:1-11
DOI10.1007/s10113-020-01663-0
语种英语
引用统计
文献类型期刊论文
条目标识符http://ir.casisd.cn/handle/190111/9823
专题中国科学院科技战略咨询研究院
通讯作者Fan, Ying
推荐引用方式
GB/T 7714
Wu, Jie,Fan, Ying,Timilsina, Govinda,et al. Understanding the economic impact of interacting carbon pricing and renewable energy policy in China[J]. REGIONAL ENVIRONMENTAL CHANGE,2020,20(74):1-11.
APA Wu, Jie,Fan, Ying,Timilsina, Govinda,Xia, Yan,&Guo, Renyong.(2020).Understanding the economic impact of interacting carbon pricing and renewable energy policy in China.REGIONAL ENVIRONMENTAL CHANGE,20(74),1-11.
MLA Wu, Jie,et al."Understanding the economic impact of interacting carbon pricing and renewable energy policy in China".REGIONAL ENVIRONMENTAL CHANGE 20.74(2020):1-11.
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