Downside of a carbon tax for environment: Impact of information sharing

Nie, Jiajia; Chun-lai, Shi; Xiong, Yu; Xia, Senmao; Liang, Jiamin

doi:10.1016/j.accre.2020.06.006

Cited by 18 publications

(8 citation statements)

References 33 publications

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“…Our findings also suggest that more effective climate policies for international trade should be designed and implemented as we find that some members will emit increasing CO 2 for other countries. Some often discussed policies include levying carbon tax on international trade and setting an international carbon price floor with border tax adjustments 44 . We stress that the premise of such policies is a robust and fair accounting system to assign responsibility for internationally traded emissions.…”

Section: Discussionmentioning

confidence: 99%

Regional trade agreement burdens global carbon emissions mitigation

Tian

Zhang

et al. 2022

Nat Commun

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Regional trade agreements (RTAs) have been widely adopted to facilitate international trade and cross-border investment and promote economic development. However, ex ante measurements of the environmental effects of RTAs to date have not been well conducted. Here, we estimate the CO2 emissions burdens of the Regional Comprehensive Economic Partnership (RCEP) after evaluating its economic effects. We find that trade among RCEP member countries will increase significantly and economic output will expand with the reduction of regional tariffs. However, the results show that complete tariff elimination among RCEP members would increase the yearly global CO2 emissions from fuel combustion by about 3.1%, doubling the annual average growth rate of global CO2 emissions in the last decade. The emissions in some developing members will surge. In the longer run, the burdens can be lessened to some extent by the technological spillover effects of deeper trade liberalization. We stress that technological advancement and more effective climate policies are urgently required to avoid undermining international efforts to reduce global emissions.

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Section: Discussionmentioning

confidence: 99%

Regional trade agreement burdens global carbon emissions mitigation

Tian

Zhang

et al. 2022

Nat Commun

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“…It is easy to understand how economic factors act and react when using the general equilibrium model, which provides a simplified depiction of the economy (Bourgeois et al, 2021). For the general equilibrium model, prices and values are simultaneously adjusted to establish the equilibrium and optimization conditions, unlike traditional macro-level models such as linear programming models or input-output models (i.e., the income equilibrium condition, market clearing condition, and zero-profit condition) (Nie et al, 2020). In other words, prices and values in general equilibrium models are both endogenous variables, unlike in linear programming and input-output models (Boonmee et al, 2021).…”

Section: Methods and Datamentioning

confidence: 99%

Environmental Benefits From Carbon Tax in the Chinese Carbon Market: A Roadmap to Energy Efficiency in the Post-COVID-19 Era

2022

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Because of China’s global responsibilities to address climate change, the country has made a commitment to limiting the growth of future emissions using policy measures, such as funding mitigation research and regulating energy efficiency requirements directly. Extensions of these policies, such as the measures to improve energy efficiency, use of carbon taxes, and changes to the mix of electricity generation in the country, are also of interest to China. This article applied a computable general equilibrium (CGE) model to examine the effects of such energy efficiency and climate change policy options in the post-COVID-19 era in the China economy. The study findings show that even modest measures can have significant effects on emissions with marginal economic impacts, given the current level of development in the China electricity generation and transportation sectors. It is estimated that a 5 RMB per ton carbon tax will reduce emissions by 4.1% and GDP by 0.27%. Emissions drop by 8.2% and GDP drops by 0.54% when energy efficiency increases by 2% across the China economy, respectively. As a final result, a 5% shift away from burning coal would reduce emissions by 9.0%, while GDP would increase by 1.3%. It has been shown that even low carbon taxes can encourage a notable cleaner energy system.

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“…The feasible measures include improving energy efficiency and reducing the consumption of energy-intensive goods. The Chinese government needs to phase out some energy-intensive industries and equipment that fail to meet energy efficiency standards ( 49 , 50 ) and encourage people to use energy-efficient products. Finally, improving the share of public transport is an effective approach to reduce transportation energy consumption.…”

Section: Conclusion and Policy Implicationsmentioning

confidence: 99%

How Two-Child Policy Affects China's Energy Consumption: The Mediating Role of Lifestyle

Chen

Wang

et al. 2022

Front. Public Health

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BackgroundExisting literature believed that the birth control policy affects energy consumption through the change in population size, but ignored the changes in people's lifestyle. This may mislead the government's policy-making about population and energy consumption.MethodThis article proposed a Population-Lifestyle-Energy (PLE) model to provide new insights into how birth control policy affects energy consumption if the changes in people's lifestyle are considered. The ProFamy software is used to forecast the changes in demographic characteristics. The methods of regression analysis and Input-Output Analysis are used to predict the impacts of lifestyle changes on energy consumption.ResultsWe find that China's two-child policy will result in the total energy consumption increase by 16.2% in 2050, far outpacing the population increase of 9.3% when considering the indirect effect of lifestyle changes. This is significantly different from the optimistic wisdom in the existing literature. We also find the non-linear relationships between fertility rate and energy consumption.ConclusionIgnoring lifestyle changes will lead to an underestimation of energy consumption. Contrary to conventional optimistic wisdom, we believe that the two-child policy will make it difficult for China to meet promised energy conservation goals.

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Downside of a carbon tax for environment: Impact of information sharing

Cited by 18 publications

References 33 publications

Regional trade agreement burdens global carbon emissions mitigation

Regional trade agreement burdens global carbon emissions mitigation

Environmental Benefits From Carbon Tax in the Chinese Carbon Market: A Roadmap to Energy Efficiency in the Post-COVID-19 Era

How Two-Child Policy Affects China's Energy Consumption: The Mediating Role of Lifestyle

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