Income distribution effect of carbon pricing mechanism under China's carbon peak target: CGE-based assessments

Zhang, Yongqiang; Jiang, Shiqi; Lin, Xu; Qi, Lingli; Sharp, Basil

doi:10.1016/j.eiar.2023.107149

Cited by 14 publications

(2 citation statements)

References 46 publications

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“…The study compares energy policy scenarios, concluding that energy security could be achieved without gas plants, albeit at higher marginal costs, and that decisions based solely on system cost might underestimate overall welfare; Chen, G. ( 2023) develops a dynamic CGE model based on game theory to assess the impact of the EU's Carbon Border Adjustment Mechanism (CBAM) on China's manufacturing industry, analyzing competitiveness and carbon emissions until 2050, and proposing strategies for both governments. The study addresses how carbon tariffs will influence the Chinese economy and appropriate policy responses; Zhang et al (2023) analyze how a carbon tax in China could affect income inequality and complement the carbon emission trading scheme (ETS), using a dynamic multisectoral CGE model to assess the distributive impacts among different income groups and regions. Finally, Kim (2019) examines the effects of a carbon tax on energy generation in substitution and complement scenarios, as an application.…”

Section: Energymentioning

confidence: 99%

Exploring Economic Networks: The Social Accounting Matrix and Its Role in Economic Analysis

Morales

2024

Preprint

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This study addresses the importance and applications of the SAM in various economic contexts. The SAM for Chile 2017 has been constructed based on the Household Budget Survey and data provided by the Central Bank of Chile. This has been meticulously disaggregated to allow for in-depth analysis. The relevance of the SAM in evaluating two fundamental economic approaches is highlighted: Multipliers and Computable General Equilibrium models. While models based on multipliers estimate the impact that a change in income in a specific sector has on the economy, CGE models offer a more holistic view, considering intersectoral adaptations and thus providing a more accurate scenario. Subsequently, various applications in areas such as environmental economics, public policy, and income distribution are evidence. This paper not only presents a methodology for the development of a SAM but also demonstrates its utility in the field of economic and its ability to outline economic interconnections.

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Section: Energymentioning

confidence: 99%

Exploring Economic Networks: The Social Accounting Matrix and Its Role in Economic Analysis

Morales

2024

Preprint

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“…It provided information on 20,000 households, including their consumption of goods and services, income, individual information, psychology, assets, and agriculture business. CHIP has been adopted by many scholars to study the consumption behavior of Chinese households in the micro field and depict the corresponding environmental impacts [59]. The CHIP2018 sample was selected by systematic sampling method in three layers of east, center and west and contained 15 provinces.…”

Section: Data Sourcesmentioning

confidence: 99%

Structural Characteristics of the Household Carbon Footprint in an Aging Society

Long,

Feng,

Sun

et al. 2023

Sustainability

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The aging population has posed a challenge to China’s carbon neutrality pledge. To study the household carbon footprint in an aging society, this paper has combined the age-specific consumption pattern and environmental input-output life cycle assessment (EIO-LCA) to calculate the carbon footprint of household consumption across age groups, and then identified the key pathways of carbon emissions via structural path analysis (SPA). Results indicate that the elderly contribute 11.65% to total consumption-based carbon emissions. The working group (ages 15–64) has the highest average carbon footprint (0.85 tCO2e), while the elderly group (ages 65 and above) has the lowest average carbon footprint (0.82 tCO2e). Urban households of all ages have a higher carbon footprint than rural households. Housing and food are the dominant sources of the elderly carbon footprint. Notably, the production and distribution of electric power and heat power sector associated with housing energy consumption plays a leading role in the carbon emissions pathways of elderly consumption. Measuring the carbon footprint of older people can support policy designs and decision making in key sectors along the supply chain, and further encourage low-carbon lifestyles among China’s elderly. Additionally, the findings of this study have broad applications, especially for developing countries undergoing demographic transitions.

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Impacts of emission trading scheme in Vietnam: A perspective of revenue redistributions

Nguyen

2024

Sustainable Development

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With ambitious emission reduction targets presented in the international commitments, Vietnam has a pathway to implement an emission trading scheme (ETS) to curb its carbon emissions. However, research on the impacts of ETS in Vietnam is still unclear, especially since there is no study on ETS revenue redistribution policies. By developing a computable general equilibrium (CGE) model, this paper simulates the potential impacts of the ETS with different revenue redistribution options. The results indicate that to achieve Vietnam's target of 15.8% carbon emission reduction, the carbon price would significantly affect the economy with a GDP drop of 3.7% and a welfare loss of 2.89% of GDP. The revenue redistribution policies would lighten these negative impacts. While transferring to government activities reduces GDP loss, reducing income tax policy results in welfare improvement. At the sectoral level, the electricity sector is most negatively affected and also plays a key role in reducing carbon emissions in Vietnam. The revenue redistribution for government activities could improve outputs for the construction and some heavy industries while the revenue redistribution policy for households creates improvements for light industries and the electricity industry.

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Income distribution effect of carbon pricing mechanism under China's carbon peak target: CGE-based assessments

Cited by 14 publications

References 46 publications

Exploring Economic Networks: The Social Accounting Matrix and Its Role in Economic Analysis

Exploring Economic Networks: The Social Accounting Matrix and Its Role in Economic Analysis

Structural Characteristics of the Household Carbon Footprint in an Aging Society

Impacts of emission trading scheme in Vietnam: A perspective of revenue redistributions

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