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The impact of a national carbon price on China.
- Source :
- Journal of the Asia Pacific Economy; Nov 2021, Vol. 26 Issue 4, p601-618, 18p
- Publication Year :
- 2021
-
Abstract
- As the world No.1 emitter of carbon dioxide (CO<subscript>2</subscript>), China has made up its mind to act on climate change. After trials in six pilot regions- Shenzhen, Shanghai, Beijing, Guangdong, Tianjin, Hubei, and Chongqing- a nationwide ETS has been established and implemented in line with the Thirteenth Five-Year Plan period (2016–2020). This paper simulates the effect of a national ETS in China using GTAP 9.1 database and a revised GTAP-E model. The simulation results show that the ETS is very effective in emissions reduction but will cause a mild economic contraction. At the sectoral level, the energy and resource sectors and energy intensive sectors are to be hit hard while most other sectors are affected negatively but insignificantly. [ABSTRACT FROM AUTHOR]
- Subjects :
- CARBON pricing
POWER resources
RECESSIONS
CARBON dioxide
CLIMATE change
CARBON paper
Subjects
Details
- Language :
- English
- ISSN :
- 13547860
- Volume :
- 26
- Issue :
- 4
- Database :
- Complementary Index
- Journal :
- Journal of the Asia Pacific Economy
- Publication Type :
- Academic Journal
- Accession number :
- 153183542
- Full Text :
- https://doi.org/10.1080/13547860.2020.1777757