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- Title
电力行业可再生能源补贴与全国碳市场协同减排效应.
- Authors
宋 鹏; 陈光明; 尹梦蕾; 黄婉婷
- Abstract
With the launch of a unified national carbon market in China, its synergistic effects on promoting carbon emission reduction in the power industry with renewable energy subsidies are noteworthy. The traditional view is that the total amount of carbon emissions is fixed under the carbon trading policy and the renewable energy subsidy policy under the total amount control will no longer play an additional role in reducing emissions, and would even lead to excessive carbon market quotas, distorting carbon market prices. This paper establishes a general equilibrium analysis framework for national carbon trading and examines the parallel emission reduction effects of renewable energy subsidies in the power industry and the national carbon market and their policy synergy paths. The results show that: ① The national carbon market and renewable energy subsidy policy for the power industry would both bring about CO2 emission reduction in the whole industry. ② The carbon market that only covers the power industry would produce a ‘carbon leakage’ effect, which would lead to an increase in carbon emissions in non-power industries. On this basis, continuing the renewable energy subsidies may alleviate the ‘carbon leakage’ by means of the transfer of production factors among industries or lead to excessive carbon market quotas by ‘greening’ the power production structure. ③ Considering two sources of renewable energy subsidies: the one-time tax on residents (resident income tax) and the renewable energy electricity price surcharge (electricity consumption tax), the emission reduction effect of the former resource is better than that of the latter resource, and the latter may even cause ‘cross-border damage.’ ④ The renewable energy subsidies would lead to a decrease in the carbon market transaction price. The FIT is better than the FIP, and it is necessary to increase the total amount of constraints to effectively restrain the decline of carbon trade prices. As the carbon market expands and improves, renewable energy subsidies can be gradually reduced or even eliminated to avoid their impact on the carbon market price.
- Subjects
CHINA; ENERGY subsidies; CARBON offsetting; RENEWABLE energy sources; CARBON pricing; CARBON emissions; RENEWABLE energy industry; CARBON nanofibers
- Publication
China Population Resources & Environment, 2023, Vol 33, Issue 7, p81
- Publication type
Article
- DOI
10.12062/cpre.20230522