NDLI: A general equilibrium analysis of floor prices for China's national carbon emissions trading system

Please wait, while we are loading the content...

A general equilibrium analysis of floor prices for China's national carbon emissions trading system

Content Provider	Scilit
Author	Weng, Yuyan Zhang, Da Lu, Lanlan Zhang, Xiliang
Copyright Year	2018
Description	China announced the official start of its national emissions trading system (ETS) construction programme in December 2017, making ETS the primary policy to achieve China's domestic decarbonization targets and global climate change pledges. Unlike ETS designs in other regions, China's ETS features a flexible cap that is linked to both reduced carbon intensity and activity levels. Therefore, total $CO_{2}$ emissions are allowed to increase if economic growth is strong – an important design feature for developing countries that demand an increase in $CO_{2}$ emissions at least in the near term. Therefore, to guarantee that the carbon price signal emerging from the ETS is strong enough to support the achievement of China's climate change targets given uncertainties in economic growth, technology improvement and renewable energy development, China's ETS needs a carbon price floor. In this study, we simulate carbon price paths in different scenarios representing different uncertainty realizations using the China-in-Global Energy Model (C-GEM) and find that a price path of $4 before 2020, $8 between 2021 and 2025 and $12 between 2026 and 2030 (2011 constant price) is able to support the achievement of China's climate pledges with a 90% chance. Therefore, this price path could be adopted as a feasible carbon price floor for China's ETS. Key policy insights
Related Links	https://www.tandfonline.com/doi/pdf/10.1080/14693062.2018.1464895?needAccess=true
Ending Page	70
Page Count	11
Starting Page	60
ISSN	14693062
e-ISSN	17527457
DOI	10.1080/14693062.2018.1464895
Journal	Climate Policy
Issue Number	sup1
Volume Number	18
Language	English
Publisher	Informa UK Limited
Publisher Date	2018-04-26
Access Restriction	Open
Subject Keyword	Journal: Climate Policy Civil Engineering Cge Model China Emissions Trading System Floor Price
Content Type	Text
Resource Type	Article
Subject	Atmospheric Science Management, Monitoring, Policy and Law Global and Planetary Change

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in