How to improve the market efficiency of carbon trading: A perspective of China

Xin-gang, Zhao; Jiang, Gui-wu; Nie, Dan; Chen, Hao

doi:10.1016/j.rser.2016.01.052

Cited by 206 publications

(83 citation statements)

References 32 publications

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“…On the other hand, the continuous increase of energy fixed assets makes the energy supply increase continuously, and the energy gap keeps dropping, thus the effect of energy conservation policy gradually decreases. Due to the annual increase of the impact of GDP on energy intensity, the energy intensity of the Beijing-Tianjin-Hebei region gradually increases because the effect of energy conservation saving is weaker than that of GDP on energy intensity according to Formulas (5) and (6). Coupled with the rapid growth of GDP, energy consumption and CO 2 emissions also rapidly grow.…”

Section: Simulation Resultsmentioning

confidence: 99%

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The Sustainable Development of the Economic-Energy-Environment (3E) System under the Carbon Trading (CT) Mechanism: A Chinese Case

Xin-gang

Zhang

et al. 2018

Sustainability

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Abstract:The implementation of the carbon trading (CT) mechanism is important for the transformation of China's renewable energy industry, thereby affecting the structure of energy, economy, and the environment, and determining the sustainable development of China's economic-energyenvironment (3E) system in the future. This paper constructs a 3E system simulation model under the CT mechanism based on the theory of system dynamics and taking the Beijing-Tianjin-Hebei region as an example. We study the internal operation mechanism of the carbon emissions trading system and its impact on 3E by combing the related mechanisms of the CT market, CO 2 emissions, energy consumption, and gross domestic product (GDP), thereby helping to provide references for policy-making institutions. The results show that the implementation of CT can effectively reduce energy consumption growth and carbon emissions in the Beijing-Tianjin-Hebei region, and the negative impact of CT implementation on GDP is significantly lower than its positive impact on reducing carbon emissions and energy consumption. Thus, the CT mechanism is conducive to the sustainable development of the Beijing-Tianjin-Hebei region's 3E system. In addition, reducing the total amount of quota, reducing free quota, and increasing CT price can effectively promote carbon emission reduction, thus promoting the sustainable development of the 3E system.

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Section: Simulation Resultsmentioning

confidence: 99%

“…Economic and environment subsystems [18,21] Structural formulation was adopted Energy subsystem [23,25] Structural formulation was adopted Carbon trading (CT) market [6,22] Causal structure was adopted…”

Section: Structures/concepts Remarksmentioning

confidence: 99%

The Sustainable Development of the Economic-Energy-Environment (3E) System under the Carbon Trading (CT) Mechanism: A Chinese Case

Xin-gang

Zhang

et al. 2018

Sustainability

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show abstract

“…For instance, the target disaggregation scheme used to assign China's national energy intensity targets to provinces in the 11th FYP period was widely criticized for failing to take into account the different potential for energy conservation in different provinces, though the problem was later alleviated under the 12th FYP (Zhao & Wu, ). There are serious doubts at this stage regarding the efficiency as well as the effectiveness of the nationwide cap‐and‐trade system China plans to rely on to restrict and ultimately reduce greenhouse gas emissions (Cong & Lo, ; Goron & Cassisa, ; Zhao, Jiang, Nie, & Chen, ).…”

Section: Strengths and Weaknesses Of Igps In China And The United Statesmentioning

confidence: 99%

“…There are serious doubts at this stage regarding the efficiency as well as the effectiveness of the nationwide cap-and-trade system China plans to rely on to restrict and ultimately reduce greenhouse gas emissions (Cong & Lo, 2017;Goron & Cassisa, 2017;Zhao, Jiang, Nie, & Chen, 2016).…”

Section: Strengths and Weaknesses Of Igps In China And The United Smentioning

confidence: 99%

Back to the future: Can Chinese doubling down and American muddling through fulfill 21st century needs for environmental governance?

Zhao

Young

et al. 2020

Env Pol Gov

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At the close of the last millennium, prominent thinkers projected that the political systems of leading economies would converge during the coming years. Yet, research has shown that China and the United States have developed distinctive institutionalized governance processes (IGPs) to address environmental issues. Can these distinctive processes persist in turbulent times? In reality, the two countries seem to be decoupling in their economic ties and diverging in political pursuit. Under the current circumstances, what can we say about the ability of the two systems to meet emerging environmental challenges of the 21st century? We argue that neither system is likely to experience fundamental change during the foreseeable future. Current developments are highlighting differences between goal‐based governance strategies prominent in China and the rule‐based strategies of the United States. As the urgency of solving transcendent problems like climate change rises and political tensions grow, it is essential to work with divergent systems to address common problems.

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“…The monthly price fluctuation is large and the average prices of each pilot differs significantly [34]. To compare the effects of IL and SL in different carbon trading prices, the price for carbon trading is adjusted to 10 times (Case 21) based on Case 2.…”

Section: Changing the Price For Carbon Tradingmentioning

confidence: 99%

Integrated resources planning in microgrids considering interruptible loads and shiftable loads

Zhu

Zhou

Zhang

et al. 2018

J. Mod. Power Syst. Clean Energy

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Demand response has the potential to bring significant benefits to the optimal sizing of distributed generation (DG) resources for microgrids planning. This paper presents an integrated resources planning model considering the impact of interruptible loads (IL) and shiftable loads (SL) in microgrids, which simultaneously deals with supply side and demand side resources and minimizes the overall planning cost of the microgrid. The proposed model can be applied to offer a quantitative assessment how IL and SL can contribute to microgrid planning. The pure peak clipping model with IL and SL is also provided for comparisons. Moreover, sensitivity analysis of parameters in the model is performed. Numerical results confirm that the proposed model is an effective method for reducing the planning cost of microgrids. It was also found that the major contributing factors of IL and SL have great impact on the economic benefits of the proposed model in low-carbon economy environments.

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How to improve the market efficiency of carbon trading: A perspective of China

Cited by 206 publications

References 32 publications

The Sustainable Development of the Economic-Energy-Environment (3E) System under the Carbon Trading (CT) Mechanism: A Chinese Case

The Sustainable Development of the Economic-Energy-Environment (3E) System under the Carbon Trading (CT) Mechanism: A Chinese Case

Back to the future: Can Chinese doubling down and American muddling through fulfill 21st century needs for environmental governance?

Integrated resources planning in microgrids considering interruptible loads and shiftable loads

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