Comparative Analysis of Carbon Tax and Carbon Market Strategies for Facilitating Carbon Neutrality in China’s Coal-Fired Electricity Sector DOI Open Access
Yin Li, Xu Wang, Qin Qi

и другие.

Sustainability, Год журнала: 2025, Номер 17(5), С. 1961 - 1961

Опубликована: Фев. 25, 2025

Carbon taxes and carbon markets both contribute to mitigating emissions in China’s power industry. Nevertheless, the pricing mechanism within national market, confined solely sector, faces challenges accurately reflecting diverse costs of emission-reduction efforts across various regions. Similarly, encounter difficulties effectively harnessing inherent capabilities enterprises. This study investigates which carbon-pricing mechanism—a tax or market—can better promote neutrality coal-based electricity Using a stochastic price model, we reveal shocks market under different goals. Taking China Emission Trading Market as research object, results are follows: First, could significantly trigger volatility industry, while market’s shock effect on industry’s is more significant than that tax. Second, through mechanisms, be reduced by much 20%—a key premise achieving this goal keeping at level 100 yuan/ton. Third, range price, policy based, does not manifest incentivizing economic instruments emission reduction Policy allows for an upper limit 15% floating price. By clarifying linkage between tools costs, contributes developing help industry achieve timely manner.

Язык: Английский

Comparative Analysis of Carbon Tax and Carbon Market Strategies for Facilitating Carbon Neutrality in China’s Coal-Fired Electricity Sector DOI Open Access
Yin Li, Xu Wang, Qin Qi

и другие.

Sustainability, Год журнала: 2025, Номер 17(5), С. 1961 - 1961

Опубликована: Фев. 25, 2025

Carbon taxes and carbon markets both contribute to mitigating emissions in China’s power industry. Nevertheless, the pricing mechanism within national market, confined solely sector, faces challenges accurately reflecting diverse costs of emission-reduction efforts across various regions. Similarly, encounter difficulties effectively harnessing inherent capabilities enterprises. This study investigates which carbon-pricing mechanism—a tax or market—can better promote neutrality coal-based electricity Using a stochastic price model, we reveal shocks market under different goals. Taking China Emission Trading Market as research object, results are follows: First, could significantly trigger volatility industry, while market’s shock effect on industry’s is more significant than that tax. Second, through mechanisms, be reduced by much 20%—a key premise achieving this goal keeping at level 100 yuan/ton. Third, range price, policy based, does not manifest incentivizing economic instruments emission reduction Policy allows for an upper limit 15% floating price. By clarifying linkage between tools costs, contributes developing help industry achieve timely manner.

Язык: Английский

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