Effects of scenario-based carbon pricing policies on China's dual climate change mitigation goals: Does policy design matter?

IF 5.4 2区 管理学 Q1 BUSINESS, FINANCE Journal of Management Science and Engineering Pub Date : 2023-06-01 DOI:10.1016/j.jmse.2022.10.002
Jian Chai , Xuejun Zhang , Xiaokong Zhang , Yabo Wang
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引用次数: 3

Abstract

Although the carbon pricing policy is a critical driving factor that will help China achieve economic growth, energy transition, and dual climate change mitigation goals, the kind of carbon pricing policy that will complement the country's current development situation remains controversial. We apply the World Induced Technical Change Hybrid (WITCH) model to explore the heterogeneity and synergy of different carbon pricing policies, and the results indicate that it will be challenging to achieve carbon neutrality before 2060. The study find that the combined policy —a mix of carbon tax and carbon market policies — has the optimal emission reduction effect but comes with the highest economic cost, proving to be unsuitable in the long run. The carbon tax policy is an important transitional means to assist in emission reduction, which can serve as an important supplement to carbon market policy and be phased out after the market mechanism matures.

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基于情景的碳定价政策对中国减缓气候变化双重目标的影响:政策设计重要吗?
尽管碳定价政策是帮助中国实现经济增长、能源转型和减缓气候变化双重目标的关键驱动因素,但哪种碳定价政策将与中国当前的发展形势相辅相成,仍存在争议。本文运用世界诱导技术变革混合(WITCH)模型对不同碳定价政策的异质性和协同性进行了分析,结果表明,中国在2060年前实现碳中和是具有挑战性的。研究发现,碳税和碳市场政策的组合政策具有最优的减排效果,但经济成本最高,从长期来看是不合适的。碳税政策是辅助减排的重要过渡性手段,可以作为碳市场政策的重要补充,在市场机制成熟后逐步淘汰。
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来源期刊
Journal of Management Science and Engineering
Journal of Management Science and Engineering Engineering-Engineering (miscellaneous)
CiteScore
9.30
自引率
3.00%
发文量
37
审稿时长
108 days
期刊介绍: The Journal of Engineering and Applied Science (JEAS) is the official journal of the Faculty of Engineering, Cairo University (CUFE), Egypt, established in 1816. The Journal of Engineering and Applied Science publishes fundamental and applied research articles and reviews spanning different areas of engineering disciplines, applications, and interdisciplinary topics.
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