The impact of the EU Emissions Trading System on low-carbon technological change: The empirical evidence

Teixidó-Figueras, Jordi; Verde, Stefano F.; Nicolli, Francesco

doi:10.1016/j.ecolecon.2019.06.002

Cited by 132 publications

(45 citation statements)

References 49 publications

(41 reference statements)

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“…This fact might cause some extreme environmental problems such as climate warming and attracted more and more attention (Martinez-Zarzoso and Maruotti, 2011; Tian et al , 2018; Bilan et al , 2019). Thus, it is important and urgent to study the mechanism of CO 2 mitigation and the transition of energy consumption (Menyah and Wolde-Rufael, 2010; Teixido et al , 2019; Aydogan and Vardar, 2019). For example, some scientists noticed that the growth of renewable energy consumption (REC) could, to some extent, achieve the goal of reducing carbon emissions (Timilsina et al , 2011; Bhattacharya et al , 2017; Yao et al , 2019).…”

Section: Introductionmentioning

confidence: 99%

Contribution of renewable energy consumption to CO₂ emissions mitigation: a comparative analysis from the income levels’ perspective in the belt and road initiative (BRI) region

Jia

Rong

Chen

et al. 2021

IJCCSM

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Purpose This paper aims to retrospectively quantify the contribution of renewable energy consumption (REC) to mitigate the carbon dioxide (CO2) emissions for the belt and road initiative (BRI) region. The reason is that, so far, still few scientists have deeply analyzed this underlying impact, especially from the income levels’ perspective. Design/methodology/approach The study divides the BRI region into four groups by the income levels (high, HI; upper middle, UM; lower middle, LM; lower, LO) during 1992–2014 and uses the logarithmic mean Divisia index. Findings The results show the REC of the BRI has an overall decreasing trend but the driving contribution to the CO2 growth except that the HI group’s REC has an obviously mitigating contribution of −2.09%. The number indicates that it is necessary and urgent to exploit and use renewable energy, especially in mid- and low-income countries due to the large potential of carbon mitigation. Besides, during 2010–2014, the energy intensity effects of different groups were negative except for the low income group (positive, 5.47 million tonnes), which showed that some poor countries recently reduced CO2 emissions only by extensively using renewable energy but not enhancing the corresponding efficiency. Conversely, in other rich countries, people paid more attention to improve the energy-use efficiency to lower energy intensity. Originality/value This study creatively analyzes this underlying impact of the REC to mitigate the CO2 emissions from the income levels’ perspective and proposes some reasonable countermeasures of reducing CO2 for the BRI region.

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Section: Introductionmentioning

confidence: 99%

Contribution of renewable energy consumption to CO₂ emissions mitigation: a comparative analysis from the income levels’ perspective in the belt and road initiative (BRI) region

Jia

Rong

Chen

et al. 2021

IJCCSM

View full text Add to dashboard Cite

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“…As reported by the World Economic Forum (2017) based on the European carbon market experience, at certain carbon price levels, companies will file more patents in the new clean economy sectors described above. Recent policy fine-tuning of the EU ETS is delivering enhanced incentives for innovation and adoption of low-carbon technologies (Teixidó et al 2019). Accelerating and de-risking deployment is central to this process.…”

Section: Carbon Pricing Markets and Innovationmentioning

confidence: 99%

Key Theoretical, Policy, and Implementation Experience Considerations for the Mexican ETS: Toward an Equitable and Cost-Effective Compliance Phase

Henríquez

2021

Springer Climate

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This chapter presents a brief overview of the policy design and theoretical environmental economic principles that underpin the concept of emissions trading systems (ETS) as a policy approach to address climate change. It discusses basic environmental economic principles pertinent to the development of market-based solutions to mitigate greenhouse gas (GHG) and co-pollutants. The chapter serves as the technical basis for the broader discussion that this book as a whole presents on the launch of the pilot phase of the Mexican ETS on January 1, 2020. Understanding international program design experiences, theoretical principles, and implementing best practices is key to ensuring Mexico’s success in the transition from the pilot or learning phase to an operational ETS compliance system. This will ensure Mexico fulfills its national climate policy goals and nationally determined contributions (NDC) under the Paris Agreement in a cost-effective manner, while also providing compliance flexibility to the industrial sectors covered under the program. A well-designed ETS ultimately provides the right incentives for industrial carbon emission reductions to drive cost-effective abatement and clean innovation. Secondly, this chapter presents a more in-depth review of policy developments focusing specifically on key implementation lessons from the two most advanced ETS systems in operation to date: (1) the European Union ETS and (2) California’s cap-and-trade program. In short, this chapter outlines a set of key policy lessons and design parameters to support the transition from the pilot Mexican ETS to an operational compliance phase in a socially just, environmentally sound, and cost-effective manner.

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“…LCTI aims to reduce energy consumption, environmental pollution, and carbon emission and achieve energy resources saving, ecological environment protection, and energy conservation through technology innovation [6], [7]. At this stage, the government has adopted innovation subsidies [8]- [11], carbon tax [12]- [15], and carbon emission trading systems [16]- [18] to guide enterprises to choose LCTI. However, the development of LCTI has not reached its expectations.…”

Section: Introductionmentioning

confidence: 99%

Evolutionary Game and Simulation Analysis of Low-Carbon Technology Innovation With Multi-Agent Participation

Yuan

Zheng

2022

IEEE Access

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Low-carbon technology innovation (LCTI) is an effective way to solve the problem of global climate change and reduce carbon emissions. Therefore, using evolutionary game theory, this research constructs a three-party evolutionary game model of LCTI involving the government, enterprises, and consumers. Moreover, this research investigates the strategic choices of the three parties in the process of LCTI, discusses the stability of the equilibrium point. In particular, it analyzes the influence of different factors on the strategic choices of the three parties through numerical simulation. The results indicate that, 1) the government, enterprises, and consumers are affected to different degrees by each other's initial willingness; 2) the intensity of government regulation, innovation subsidies, and carbon tax rates have different effects on enterprises and consumers; 3) consumers are more sensitive to innovation subsidies. These results could provide references for enterprises to promote the development of LCTI.INDEX TERMS Tripartite evolutionary game, low-carbon technology innovation, simulation analysis.

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The impact of the EU Emissions Trading System on low-carbon technological change: The empirical evidence

Cited by 132 publications

References 49 publications

Contribution of renewable energy consumption to CO₂ emissions mitigation: a comparative analysis from the income levels’ perspective in the belt and road initiative (BRI) region

Contribution of renewable energy consumption to CO₂ emissions mitigation: a comparative analysis from the income levels’ perspective in the belt and road initiative (BRI) region

Key Theoretical, Policy, and Implementation Experience Considerations for the Mexican ETS: Toward an Equitable and Cost-Effective Compliance Phase

Evolutionary Game and Simulation Analysis of Low-Carbon Technology Innovation With Multi-Agent Participation

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The impact of the EU Emissions Trading System on low-carbon technological change: The empirical evidence

Cited by 132 publications

References 49 publications

Contribution of renewable energy consumption to CO2 emissions mitigation: a comparative analysis from the income levels’ perspective in the belt and road initiative (BRI) region

Contribution of renewable energy consumption to CO2 emissions mitigation: a comparative analysis from the income levels’ perspective in the belt and road initiative (BRI) region

Key Theoretical, Policy, and Implementation Experience Considerations for the Mexican ETS: Toward an Equitable and Cost-Effective Compliance Phase

Evolutionary Game and Simulation Analysis of Low-Carbon Technology Innovation With Multi-Agent Participation

Contact Info

Product

Resources

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Contribution of renewable energy consumption to CO₂ emissions mitigation: a comparative analysis from the income levels’ perspective in the belt and road initiative (BRI) region

Contribution of renewable energy consumption to CO₂ emissions mitigation: a comparative analysis from the income levels’ perspective in the belt and road initiative (BRI) region