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Clean Technologies and Environmental Policy

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01.03.2015 | Brief Report

Abatement technology investment and emissions trading system: a case of coal-fired power industry of Shenzhen, China

verfasst von: Ying Huang, Lei Liu, Xiaoming Ma, Xiaofeng Pan

Erschienen in: Clean Technologies and Environmental Policy | Ausgabe 3/2015

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Abstract

As one of China’s emissions trading system (ETS) pilots, Shenzhen established the first carbon market of China in 2013. With field data collection and benefit-cost analysis, this article assesses the abatement technology investment decisions of Shenzhen coal-fired power industry under different carbon price scenarios. The results indicate that Shenzhen ETS constitutes a main driver for the short-term technology investment of the industry, but the long-term stimulation effect appears quite limited, except for the integrated gasification combined cycle technology under high carbon price scenario. Further, the paper proposes the short-term and long-term optimal investment strategy for the industry, and relevant policy suggestions.

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According to “The Interim Measures for the Administration of CO₂ Emissions Trading of Shenzhen Municipality,” if the emissions of an enterprise exceed the limit, it will be fined 3 times of the market value of the exceeded emissions. In addition, the emissions limit of the enterprise for the next year will be cut down by the exceeded amount. There may also be some other informal punishments such as covered by official media. So, the punishment is considerably severe that we assume any rational agent will not break the cap.

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Titel: Abatement technology investment and emissions trading system: a case of coal-fired power industry of Shenzhen, China
verfasst von: Ying Huang
Lei Liu
Xiaoming Ma
Xiaofeng Pan
Publikationsdatum: 01.03.2015
Verlag: Springer Berlin Heidelberg
Erschienen in: Clean Technologies and Environmental Policy / Ausgabe 3/2015
Print ISSN: 1618-954X
Elektronische ISSN: 1618-9558
DOI: https://doi.org/10.1007/s10098-014-0854-0

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