Optimal tax selection under monopoly: emission tax vs carbon tax

Nie, Pu‐yan; Wang, Chan; Wen, Hong‐xing

doi:10.1007/s11356-021-16519-1

Cited by 26 publications

(14 citation statements)

References 46 publications

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“…The first stream examines environmental innovation investment with environmental regulation. Numerous scholars have been concerned with environmental innovation with emission tax in a static model (e.g., Chen et al, 2020; Nie et al, 2021). Chen et al (2020) compares the environmental innovation effects of carbon tax with cap‐and‐trade systems by a static optimal model.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Chen et al (2020) compares the environmental innovation effects of carbon tax with cap‐and‐trade systems by a static optimal model. Nie et al (2021) establishes game theory model to compare the environmental innovation effects of carbon with emission tax. Using a dynamic model with pollution stock and an exogenous emission tax, Saltari and Travaglini (2011) study firms' investment in emission abatement.…”

Section: Literature Reviewmentioning

confidence: 99%

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When does environmental innovation crowd out process innovation? A dynamic analysis

Shang

2022

Manage Decis Econ

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It is known that environmental innovation may crowd out process innovation. Less known are the exact conditions under which crowding‐out effect occurs. This article fills the gap by developing a dynamic control model of environmental and process innovation. The result shows that when the depreciation rate of process innovation is sufficiently high, environmental innovation investment crowds out process innovation investment. By comparing monopolist and social planner optimum, we find that the problem of insufficient investments can happen for environmental and process innovation for a smaller emission tax.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

When does environmental innovation crowd out process innovation? A dynamic analysis

Shang

2022

Manage Decis Econ

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“…Plans like tax cuts and technical subsidies for renewable energy development [7], feed-in tariffs (FIT) [7][8][9][10], fuel price reforming [10], tradable green certification (TGC) market [7,11], and carbon emission tax [10,12,13] are instances of such support plans.…”

Section: Introductionmentioning

confidence: 99%

Sustainability Assessment of Electricity Generation Development under the Implementation of Support Policies with Endogenous Financial Resources Using a Hybrid Decision Support Model

Dianat

Khodakarami

Ganjavi

et al. 2022

Mathematical Problems in Engineering

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Sustainable electricity development is one of the requirements for achieving sustainable development in global communities. However, due to barriers, especially in less developed countries, there is little incentive to invest in the development of sustainable electricity technologies. Therefore, there should be a change in market mechanisms, and broad support policies have to be implemented for the sustainable development of electricity. In the long run, these policies must lead to the sustainable development of energy systems. To evaluate the efficiency and effects of the proposed support policies on the sustainability of electricity generation development, this study intends to analyze the multiple and complex dimensions of the problem using a hybrid decision support model. Moreover, by defining an indicator to assess the electricity generation expansion sustainability, this study assists policymakers in making logical decisions about sustainable support programs for the electricity development based on the characteristics of the electricity market of each country. Despite uncertainties in the electricity market, simulations show that the results of this hybrid model have approximately 88% conformance with historical data. Consequently, the model can evaluate the sustainability of the system under the implementation of the proposed support programs and compare them to select the most effective one. The results show that by assuming a competitive market and rational behavior and implementing support programs with endogenous financial resources, the installed renewable capacity can be improved by up to 70.4% compared with the direct subsidy policies. Regardless of the financial burden of policies (e.g., direct subsidies) and the possibility of facing a budget deficit, these programs can be up to 79.2% more effective in the sustainability of the energy system compared with the direct subsidy policy.

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“…That is, carbon emission rights should be combined with the carbon tax policy to consider whether it can achieve a more desired effect. Meanwhile, Nie et al (2022) found that carbon taxes seem more efficient than emission taxes to reduce energy inputs, outputs, profits, and emissions if enterprise information conditions are incomplete. Then, the "carbon peak before 2030 action plan" proposed a tax policy system for green and low-carbon development of enterprises.…”

Section: Introductionmentioning

confidence: 99%

Equilibrium analysis of carbon decision behavior for the evolutionary game between the government and enterprises

Ding

2022

Front. Energy Res.

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With the implementation of the carbon-neutral goal, an evolutionary game of carbon decision behavior was derived from the difference between government carbon mitigation and enterprises’ performance growth. This paper constructed a double-performance (DP) objective function of environmental performance and corporate performance. Four carbon decision factors, namely, carbon emission rights, carbon tax, green innovation, and green subsidy, were added separately into the DP model to search for the equilibrium point using the Stackelberg game. The research shows the following: (ⅰ) the price effect of carbon emission rights can restrain excess carbon emission of enterprises to a certain extent; (ⅱ) the reverse effect of a carbon tax can force enterprises to achieve the carbon mitigation goal through green innovation; (ⅲ) the reinforcement effect of green innovation can strengthen the promotion of environmental performance but accelerate the decline of corporate performance; and (ⅳ) the incentive effect of green subsidy can make corporate performance reach the inflection point ahead of time and realize DP synergistic growth. The evolutionary game between the government and enterprises results in the fluctuation change that causes DP to rise first, then decrease, and finally increase. Also, DP can be developed in a synergistic way under collaborative governance for its consistency of carbon decision behavior.

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Optimal tax selection under monopoly: emission tax vs carbon tax

Cited by 26 publications

References 46 publications

When does environmental innovation crowd out process innovation? A dynamic analysis

When does environmental innovation crowd out process innovation? A dynamic analysis

Sustainability Assessment of Electricity Generation Development under the Implementation of Support Policies with Endogenous Financial Resources Using a Hybrid Decision Support Model

Equilibrium analysis of carbon decision behavior for the evolutionary game between the government and enterprises

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