Personal Carbon Trading: Trade-off and Complementarity Between In-home and Transport Related Emissions Reduction

Abstract

Personal carbon trading is a downstream version of the cap and trade approaches to mitigating carbon emissions from individual energy use. Although there are studies that investigate the theoretical and implementation issues, there is little evidence over the potential ways people could reduce their emissions when subject to a PCT policy. Especially little is understood about how people make tradeoff between or complement reducing emissions from transport and in-home energy use. This paper addresses this gap by reporting the findings of a questionnaire survey of stated intentions under the policy. Results show that, more people (53.6%) preferred to reduce their emissions from both transport and in-home energy use compared to from only one of these. This shows the flexibility offered by a cap including transport and in-home energy use is more efficient compared to a PCT covering either of these separately. Nearly three-fourths (76.2%) opted to reduce their emissions following a PCT policy. However, among those with above-budget initial emissions, a large share (79.6%) still could not reduce their emissions to below the budget and opted to purchase at least some permits to cover their emissions, indicating the difficulty in reducing emissions at the personal and household level.

Determinants of Residents’ Approach–Avoidance Responses to the Personal Carbon Trading Scheme: An Empirical Analysis of Urban Residents in Eastern China

“…The evidence shows that residents’ behavioral willingness to accept and participate in the scheme could be influenced by individual factors; these include the cognition of climate change [ 12 ], perception of environmental threat [ 13 ], expected behaviors for energy conservation and emissions reduction [ 13 ], and environmental awareness [ 14 ]. The scheme itself also affects residents’ attitudes, such as the pattern for implementing the scheme [ 5 ], the method for allocating the initial carbon allowance [ 15 ], and the household activities included in the measurement of the carbon emissions [ 16 ]. In addition, the behavioral willingness of residents can be intuitively reflected by their approach–avoidance responses (AAR), due to a pre-existing stimulus-response association [ 17 ].…”

Personal Carbon Trading, Carbon-Knowledge Management and Their Influence on Environmental Sustainability in Thailand

“…In advanced economies, to reduce the greenhouse gas emission for which the main source is carbon dioxide is chief environmental issues. To lessen its GHG emissions by 80% until up to 2050, UK government is bound in legal terms (Wadud and Chintakayala, 2019). Although, growth has been made in several areas of economy by decreasing GHG radiations and fossil fuel imitative power usage, however, household energy consumption is a key challenge to address.…”

“…Although, growth has been made in several areas of economy by decreasing GHG radiations and fossil fuel imitative power usage, however, household energy consumption is a key challenge to address. In UK for travel purposes and domestic direct consumption of energy is liable for 57% of the carbon emission and almost one-third to one-half in EU countries (Wadud and Chintakayala, 2019). For domestic and travel purposes, all prevailing strategies have discussed energy usage and carbon emissions in a separate title.…”

“…Simultaneously, there are plans to recover domestic energy efficiency and decrease carbon emission in household sector. For example, new build-housing efficiency standards are established in UK (Wadud and Chintakayala, 2019). At domestic level, there is lack of potential rule devices to report emission of carbon from carriage and household power.…”

“…At domestic level, there is lack of potential rule devices to report emission of carbon from carriage and household power. In present years, existing plans regarding the effectiveness of BEVs in China may have limited value (Wadud and Chintakayala, 2019). By the low growth of BEV distribution where it has dropped less of target, plans are mainly revealed.…”