nach oben

Mitigation and Adaptation Strategies for Global Change

Erschienen in:

01.08.2016 | Original Article

How China’s current energy pricing mechanisms will impact its marginal carbon abatement costs?

verfasst von: Yun Fei Yao, Qiao-Mei Liang, Dong-Wei Yang, Hua Liao, Yi-Ming Wei

Erschienen in: Mitigation and Adaptation Strategies for Global Change | Ausgabe 6/2016

Einloggen, um Zugang zu erhalten

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config

KI-gestützte Suche

Aus

Abstract

Economic and social costs and benefits are critical factors affecting greenhouse gas abatement activities. Recognizing that energy prices are one of the most important factors influencing abatement costs, this study improved the basic China Energy and Environmental Policy Analysis (CEEPA) model by introducing a current energy pricing mechanism for China. The improved model was applied to generate marginal abatement cost (MAC) curves for China including the current energy pricing mechanism and to analyze MACs for the whole country and main abatement sectors in China under different energy pricing mechanisms. The results show that China MACs are sensitive to pricing mechanisms for electricity and refined oil. Ignoring the current regulation of these prices will lead to MAC underestimation, and price liberalization of these two energy sources could lead to a decrease in China MACs. Under a 50 % emission reduction target, if the electricity price regulation is ignored, the China MAC is underestimated by almost 16 %. Energy pricing reforms will lead to variations in sectoral abatement costs and overall abatement potential, and these impacts are projected to be large in the electricity sector. Under a 50 % reduction target, if the electricity price regulation is liberalized, MAC for the electricity sector nearly will decrease 50 %.

Nächster Artikel A decomposition analysis of carbon dioxide emissions in the Chinese nonferrous metal industry

Nur mit Berechtigung zugänglich

Alexeeva-Talebi V, Böhringer C, Löschel A et al (2012) The value-added of sectoral disaggregation: implications on competitive consequences of climate change policies. Energy Econ 34(2):S127–S142CrossRef

Anger N, Brouns B, Onigkeit J (2009) Linking the EU emissions trading scheme: economic implications of allowance allocation and global carbon constraints. Mitig Adapt Strateg Glob Chang 14(5):379–398CrossRef

Armington PA (1969) A theory of demand for products distinguished by place of production. IMF Staff Pap 16:159–178CrossRef

Arrow KJ, Debreu G (1954) Existence of an equilibrium for a competitive economy. Econometrica 22(3):265–290CrossRef

Baker E, Clarke L, Shittu E (2008) Technical change and the marginal cost of abatement. Energy Econ 30(6):2799–2816CrossRef

Bréchet T, Jouvet P-A (2008) Environmental innovation and the cost of pollution abatement revisited. Ecol Econ 65(2):262–265CrossRef

Chen W (2005) The costs of mitigating carbon emissions in China: findings from China MARKAL-MACRO modeling. Energy Policy 33(7):885–896CrossRef

Chen W, Wu Z, He J et al (2007a) Carbon emission control strategies for China: a comparative study with partial and general equilibrium versions of the China MARKAL model. Energy Econ 32:59–72CrossRef

Chen W, Wu Z, Wang W (2007b) Carbon capture and storage (CCS) and its potential role to mitigate carbon emission in China. Environ Sci 28:1178–1182 (in Chinese)

Chinese Monetary Society (2008) Chinese monetary yearbook (2008). Chinese Monetary Society Editorial Office, Beijing (in Chinese)

Cho GL, Kim HS, Kim YD (2010) Allocation and banking in Korean permits trading. Resources Policy 35(1):36–46CrossRef

Criqui P, Mima S, Viguier L (1999) Marginal abatement costs of CO₂ emission reductions, geographical flexibility and concrete ceilings: an assessment using the POLES model. Energy Policy 27(10):585–601CrossRef

Deardorff AV, Stern RM (1986) The Michigan model of world production and trade: theory and applications. MIT, Cambridge, MA

Dedinec A, Markovska N, Taseska V (2013) Assessment of climate change mitigation potential of the Macedonian transport sector. Energy Vol 57:177–187. doi:10.1016/j.energy.2013.05.011 CrossRef

Department of National Account (2009) Input-output table of China (2007). China Statistics Press, Beijing (in Chinese)

Edwards TH, Hutton JP (2001) Allocation of carbon permits within a country: a general equilibrium analysis of the United Kingdom. Energy Economics 23(4):371–386CrossRef

Ellerman AD, Decaux A (1998) Analysis of Post-Kyoto CO₂ emissions trading using marginal abatement curves. Massachusetts Institute of Technology, Joint Program on the Science and Policy of Global Change. http://web.mit.edu/globalchange/www/MITJPSPGC_Rpt40.pdf

Flachsland C, Brunner S, Edenhofer O et al (2011) Climate policies for road transport revisited (II): closing the policy gap with cap-and-trade. Energy Policy 39(4):2100–2110CrossRef

Gao P, Chen W, He J (2004) Marginal carbon abatement cost in China. J Tsinghua Univ (Sci &Tech) 44:1192–1195 (in Chinese)

General Administration of Customs of the People’s Republic of China (2008) China customs statistics yearbook (2007). Customs Statistics editorial office of General Administration of Customs of the. People’s Republic of China, Beijing (in Chinese)

Glomsrød S, Wei T (2005) Coal cleaning: a viable strategy for reduced carbon emissions and improved environment in China? Energy Policy 33(4):525–542CrossRef

Glomsrød S, Wei T, Alfsen KH (2013) Pledges for climate mitigation: the effects of the Copenhagen accord on CO₂ emissions and mitigation costs. Mitig Adapt Strateg Glob Chang 18(5):619–636CrossRef

Goulder LH, Schneider SH (1999) Induced technological change and the attractiveness of CO₂ abatement policies. Resour Energy Econ 21(3–4):211–253CrossRef

He ZD (2005) China’s tax system. Tsinghua University Press, Beijing (in Chinese)

He Y, Liu Y, Wang J et al (2014) Low-carbon-oriented dynamic optimization of residential energy pricing in China. Energy 66:610–623. doi:10.1016/j.energy.2014.01.051 CrossRef

Heitmann N, Peterson S (2014) The potential contribution of the shipping sector to an efficient reduction of global carbon dioxide emissions. Environ Sci Pol Vol 42:56–66. doi:10.1016/j.envsci.2014.05.001 CrossRef

Hübler M, Voigt S, Löschel A (2014) Designing an emissions trading scheme for China—an up-to-date climate policy assessment. Energy Policy. doi: 10.1016/j.enpol.2014.02.019

IPCC (2006) Prepared by the National Greenhouse Gas Inventories Programme, Eggleston H.S., Buendia L., Miwa K., Ngara T. and Tanabe K. (eds). 2006 IPCC Guidelines for National Greenhouse Gas Inventories. IGES, Japan. http://www.ipcc-nggip.iges.or.jp/public/2006gl/index.html

Johansen LA (1960) A multisectorial study of economic growth. North-Holland, Amsterdam

Kerkhof AC, Moll HC, Drissen E et al (2008) Taxation of multiple greenhouse gases and the effects on income distribution: a case study of the Netherlands. Ecol Econ 67(2):318–326CrossRef

Kesicki F, Strachan N (2011) Marginal abatement cost (MAC) curves: confronting theory and practice. Environ Sci Pol 14(8):1195–1204CrossRef

Klepper G, Peterson S (2006) Marginal abatement cost curves in general equilibrium: the influence of world energy prices. Resour Energy Econ 28(1):1–23CrossRef

Kuik O, Brander L, Tol RSJ (2009) Marginal abatement costs of greenhouse gas emissions: a meta-analysis. Energy Policy 37(4):1395–1403CrossRef

Levihn F, Nuur C, Laestadius S (2014) Marginal abatement cost curves and abatement strategies: taking option interdependency and investments unrelated to climate change into account. Energy. doi:10.1016/j.energy.2014.08.025

Liang QM, Wei YM (2012) Distributional impacts of taxing carbon in China: results from the CEEPA model. Appl Energy 92:545–551. doi:10.1016/j.envsoft.2013.09.032

Liang QM, Fan Y, Wei YM (2007) Carbon taxation policy in China: how to protect energy- and trade-intensive sectors? J Policy Model 29(2):311–333CrossRef

Liang QM, Fan Y, Wei YM (2009) The effect of energy end-use efficiency improvement on China’s energy use and CO₂ emissions: a CGE model-based analysis. Energy Effici 2(3):243–262CrossRef

Liang QM, Wang Q, Wei YM (2013) Assessing the distributional impacts of carbon tax among households across different income groups: the case of China [J]. Energy Enviro 24(7):1323–1346

Liang QM, Yao YF, Zhao LT et al (2014) Platform for China Energy & Environmental Policy Analysis: a general design and its application. Environ Model Softw 51:195–206CrossRef

Lin B, Jiang Z (2011) Estimates of energy subsidies in China and impact of energy subsidy reform. Energy Economics 33(2):273–283CrossRef

Lin B, Liu X (2013) Reform of refined oil product pricing mechanism and energy rebound effect for passenger transportation in China. Energy Policy 57:329–337. doi:10.1016/j.enpol.2013.02.002 CrossRef

Löschel A, Zhang ZX (2002) The economic and environmental implications of the US repudiation of the Kyoto Protocol and the subsequent deals in Bonn and Marrakech. Rev World Econ 138(4):711–746

Lucas PL, Elzen MGJd, Vuuren DPv (2002) Multi-gas abatement analysis of the Marrakech Accords, the CATEP workshop “Global Trading”, the Kiel Institute for World Economics

Melo J (1988) Computable general equilibrium models for trade policy analysis in developing countries: a survey. J Policy Model 10(4):469–503CrossRef

Ministry of Finace People’s Republic of China (2008) China finance yearbook (2008). China Finance Journal Office, Beijing (in Chinese)

Morris J, Paltsev S, Reilly J (2008) Marginal abatement costs and marginal welfare costs for greenhouse gas emissions reductions: results from the EPPA model. Joint Program on the Science and Policy of Global Change, Massachusetts Institute of Technology. http://globalchange.mit.edu/files/document/MITJPSPGC_Rpt164.pdf

National Bureau of Statistics (2008a) China energy statistical yearbook (2008). China Statistics Press, Beijing (in Chinese)

National Bureau of Statistics (2008b) China statistical yearbook (2008). China Statistics Press, Beijing (in Chinese)

National Bureau of Statistics (2009) China statistical yearbook (2009). China Statistics Press, Beijing (in Chinese)

Sancho F (2010) Double dividend effectiveness of energy tax policies and the elasticity of substitution: a CGE appraisal. Energy Policy 38(6):2927–2933CrossRef

Scarf H (1973) The computation of economic equilibria. Yale University Press, New Haven, In collaboration with Hansen T

Shoven JB, Whalley J (1977) Equal yield taxes alternatives: general equilibrium computational techniques. J Public Econ 8:211–224CrossRef

Solaymani S, Kari F (2014) Impacts of energy subsidy reform on the Malaysian economy and transportation sector. Energy Policy 70:115–125. doi:10.1016/j.enpol.2014.03.035 CrossRef

Springer U (2003) International diversification of investments in climate change mitigation. Ecol Econ 46(1):181–193CrossRef

Stankeviciute L, Kitous A, Criqui P (2008) The fundamentals of the future international emission trading system. Energy Policy 36(11):4272–4286CrossRef

Storm S (1994) The macroeconomic impact of agricultural policy: a CGE analysis for India. J Policy Model 16(1):55–95CrossRef

Van Steenberghe V (2003) CO₂ abatement costs and permits price: exploring the impact of banking and the role of future commitments. No 2003098, CORE Discussion Papers, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE), http://EconPapers.repec.org/RePEc:cor:louvco:2003098

Vijay S, DeCarolis JF, Srivastava RK (2010) A bottom-up method to develop pollution abatement cost curves for coal-fired utility boilers. Energy Policy 38(5):2255–2261CrossRef

Vogt-Schilba A, Hallegatte S (2014) Marginal abatement cost curves and the optimal timing of mitigation measures. Energy Policy 66:645–653. doi:10.1016/j.enpol.2013.11.045 CrossRef

Wächter P (2013) The usefulness of marginal CO₂-e abatement cost curves in Austria. Energy Policy 61:1116–1126. doi:10.1016/j.enpol.2013.06.125 CrossRef

Walras L (1969) Elements of pure economics; or, The theory of social wealth. A. M Kelley, New York

Wang C (2003) Climate change policy simulation and uncertainty analysis: a dynamic CGE model of China. Tsinghua University, Beijing p, 206, (in Chinese)

Wang Q, Liang Q-M (2014) Will a carbon tax hinder China’s efforts to improve its primary income distribution status? Mitig Adapt Strateg Glob Change: 1573–1596. doi:10.1007/s11027-014-9553-8

Wang JN, Yan G, Jiang KJ, Liu LC, Yang JT, Ge CZ (2009a) The study on China’s carbon tax policy to mitigate climate change. China Environ Sci 29:101–105 (in Chinese)

Wang K, Wang C, Chen J (2009b) Analysis of the economic impact of different Chinese climate policy options based on a CGE model incorporating endogenous technological change. Energy Policy 37(8):2930–2940CrossRef

Wang W, Koslowski F, Nayak DR et al (2014) Greenhouse gas mitigation in Chinese agriculture: distinguishing technical and economic potentials. Glob Environ Chang 26:53–62. doi:10.1016/j.gloenvcha.2014.03.008 CrossRef

Wei YM, Liu LC, Fan Y, Wu G (2008) China Energy Report (2008): CO₂ emissions research. Science Press, Beijing (in Chinese)

Wu YJ, Xuan XW (2002) The economic theory of environmental tax and its application in China. Economic Science Press, Beijing (in Chinese)

Xue XM (1998) Calculation and comparison study of CO₂ emission from China’s energy consumption. Environ Prog 4:27–28 (in Chinese)

Yan Q (2010) China will vigorously promote the development of natural gas to double the proportion of natural gas consumption during the period of “12th five years plan”, Energy (in Chinese)

Yuan C, Liu S, Wu J (2010) The relationship among energy prices and energy consumption in China. Energy Policy 38(1):197–207CrossRef

Zhang ZX (1998) Macroeconomic effects of CO₂ emission limits: a computable general equilibrium analysis for China. J Policy Model 20(2):213–250CrossRef

Titel: How China’s current energy pricing mechanisms will impact its marginal carbon abatement costs?
verfasst von: Yun Fei Yao
Qiao-Mei Liang
Dong-Wei Yang
Hua Liao
Yi-Ming Wei
Publikationsdatum: 01.08.2016
Verlag: Springer Netherlands
Erschienen in: Mitigation and Adaptation Strategies for Global Change / Ausgabe 6/2016
Print ISSN: 1381-2386
Elektronische ISSN: 1573-1596
DOI: https://doi.org/10.1007/s11027-014-9623-y

Springer Professional

Abstract

Bitte loggen Sie sich ein, um Zugang zu Ihrer Lizenz zu erhalten.

Weitere Artikel der Ausgabe 6/2016

The 4Cs of adaptation tracking: consistency, comparability, comprehensiveness, coherency

The impact of climate change under different thinning regimes on carbon sequestration in a German forest district

Climate change impact and potential adaptation strategies under alternate climate scenarios for yam production in the sub-humid savannah zone of West Africa

The adaptive capacity of institutions in the spatial planning, water, agriculture and nature sectors in the Netherlands

The globalization of the carbon market: Welfare and competitiveness effects of linking emissions trading schemes

Vulnerability to the health effects of climate variability in rural southwestern Uganda