Modeling economic performance of interprovincial CO2 emission reduction quota trading in China

Zhou, P.; Zhang, L.; Zhou, Dequn; Xia, Weiwei

doi:10.1016/j.apenergy.2013.04.013

Cited by 193 publications

(82 citation statements)

References 24 publications

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“…Related studies include Hartman et al (1997) on the US, De Cara and Jayet (2011) on the EU, Dasgupta et al (2001), Wei and Rose (2009) and Zhou et al (2013) on China, etc. 3 The main problem of this method is how to derive reliable cost information when such information is usually confidential.…”

Section: Supply-side/production-based Maccmentioning

confidence: 99%

“…quadratic ) functional forms (Chen, 2005;Criqui et al, 1999;Ellerman and Decaux, 1998;Morris et al, 2012;Nordhaus, 1991;Zhou et al, 2013). We will first estimate the MACC for all these four functional forms and then choose among these competing functional forms for the optimal specification.…”

Section: Empirical Specificationsmentioning

confidence: 99%

“…Therefore, simply taking the levels of CO 2 emissions makes it difficult to pinpoint how much abatement is taking place. In order to capture the idea of CO 2 abatement more accurately, Zhou et al (2013) calculate the amount of CO 2 emissions reduction by multiplying GDP for the current year by the change in carbon intensity between the current and previous year 8 . Following the latter, we deal with this problem in a more convenient way, i.e.…”

Section: Empirical Specificationsmentioning

confidence: 99%

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Estimating the Marginal Abatement Cost Curve of CO2 Emissions in China: Provincial Panel Data Analysis

Hanley

Wei

2015

Energy Economics

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may

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Section: Supply-side/production-based Maccmentioning

confidence: 99%

Section: Empirical Specificationsmentioning

confidence: 99%

Section: Empirical Specificationsmentioning

confidence: 99%

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Estimating the Marginal Abatement Cost Curve of CO2 Emissions in China: Provincial Panel Data Analysis

Hanley

Wei

2015

Energy Economics

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“…They found that the developing counties would gain more CO 2 emission quota based on the accumulated CO 2 emission principle. Zhou et al (2013) compared five indexes: CO 2 emission, energy consumption, GDP, population and per capita GDP. The results show that CO 2 emission and population are two relatively fair factors.…”

Section: Co 2 Emission and Accumulated Co 2 Emissionmentioning

confidence: 99%

Carbon dioxide emission reduction quota allocation study on Chinese provinces based on two-stage Shapley information entropy model

et al. 2017

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Chinese central government made a commitment to achieve a 40-45% reduction in carbon dioxide (CO 2 ) per unit of GDP by 2020 compared with 2005. This targeted reduction was allocated averagely among all the provinces rather than individually according to different situations of each province. Though some research has been done regarding this rough allocation, two shortcomings in previous studies exist: Firstly, CO 2 marginal abatement cost (MAC) has been ignored as one of the CO 2 emission reduction allocation indexes. Secondly, either subjective or objective method has been used rather than comprehensively of both subjective and objective method to calculate the weight of each index in the previous studies. In order to fill the gaps, this paper builds a two-stage Shapley information entropy model to allocate CO 2 emission reduction quota among the Chinese provinces based on the equity and efficiency principles. Afterward, three CO 2 emission reduction quota allocation scenarios have been proposed. The results show that the CO 2 MAC is an indispensable index in CO 2 emission reduction quota allocation, because its value of CO 2 Shapley information entropy is the highest among five indexes. CO 2 emission reduction quota of lower-MAC provinces should be allocated larger, while the quota of higher-MAC provinces should be allocated smaller. Therefore, two suggested policies have been proposed: First, differential CO 2 emission reduction quota allocation should be proposed. Second, synergetic development should be promoted.

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“…In communities, optimal dispatches had been studied to minimize carbon emissions [8][9][10]. However, establishing a carbon emissions trading market [11][12][13][14] was also important to develop a low-carbon economy. Literature [15] presented the practical significance of carbon emissions trading on China's development of a low-carbon economy, and literature [16] presented the implications of CO2 price for the power sector decarbonization in China.…”

Section: Introductionmentioning

confidence: 99%

A Power System Optimal Dispatch Strategy Considering the Flow of Carbon Emissions and Large Consumers

et al. 2015

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Abstract:The carbon emissions trading market and direct power purchases by large consumers are two promising directions of power system development. To trace the carbon emission flow in the power grid, the theory of carbon emission flow is improved by allocating power loss to the load side. Based on the improved carbon emission flow theory, an optimal dispatch model is proposed to optimize the cost of both large consumers and the power grid, which will benefit from the carbon emissions trading market. Moreover, to better simulate reality, the direct purchase of power by large consumers is also considered in this paper. The OPF (optimal power flow) method is applied to solve the problem. To evaluate our proposed optimal dispatch strategy, an IEEE 30-bus system is used to test the performance. The effects of the price of carbon emissions and the price of electricity from normal generators and low-carbon generators with regards to the optimal dispatch are analyzed. The simulation results indicate that the proposed strategy can significantly reduce both the operation cost of the power grid and the power utilization cost of large consumers.

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Modeling economic performance of interprovincial CO2 emission reduction quota trading in China

Cited by 193 publications

References 24 publications

Estimating the Marginal Abatement Cost Curve of CO2 Emissions in China: Provincial Panel Data Analysis

Estimating the Marginal Abatement Cost Curve of CO2 Emissions in China: Provincial Panel Data Analysis

Carbon dioxide emission reduction quota allocation study on Chinese provinces based on two-stage Shapley information entropy model

A Power System Optimal Dispatch Strategy Considering the Flow of Carbon Emissions and Large Consumers

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