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Can China's Carbon Emissions Trading Rights Mechanism Transform its Manufacturing Industry? Based on the Perspective of Enterprise Behavior

Yue Dai, Nan Li, Rongrong Gu, Xiaodong Zhu
2018 Sustainability  
But in the global campaign to cope with climate change, "carbon emissions trading" is not a new word.  ...  Based on a comparative analysis of a carbon tax and carbon trading rights, Murray et al. [7] conclude that carbon trading rights have the advantage of a relatively stable long-term price.  ...  Yuyan Wu and Liangmin Tan contributed to the collection of references and partial translations. Conflicts of Interest: The authors declare no conflict of interest. Sustainability 2018, 10, 2421  ... 
doi:10.3390/su10072421 fatcat:ajrm6ulnffaxfdsjxchmsfym4y

Complexity and the Economics of Climate Change: A Survey and a Look Forward

Tomas Balint, Francesco Lamperti, Antoine Mandel, Mauro Napoletano, Andrea Roventini, Alessandro Sapio
2016 Social Science Research Network  
On each of these issues, accounting for heterogeneity, interactions and disequilibrium dynamics provides a complementary and novel perspective to the one of standard equilibrium models.  ...  events, (iii) energy markets and (iv) diffusion of climate-friendly technologies.  ...  test the effectiveness of "carrots" (incentives to technology adoption) vis-à-vis that of "sticks" (carbon taxes and emissions trading, which increase the price of high-emitting technologies for all users  ... 
doi:10.2139/ssrn.2807571 fatcat:c6h5azboe5hwpm3krymxrfnwae

Modelling complex systems of heterogeneous agents to better design sustainability transitions policy

Jean-Francois Mercure, Hector Pollitt, Andrea. M. Bassi, Jorge. E Viñuales, Neil R. Edwards
2016 Global Environmental Change  
) technology adoption and diffusion, (2) macroeconomic impacts of low-carbon policies, (3) interactions between the socio-economic system and the natural environment, and (4) the anticipation of policy  ...  from multi-agent interactions) and agent heterogeneity (e.g. differences in consumer and investment behaviour).  ...  The authors also warmly thank assiduous referees for their comments that led us to greatly improve our manuscript, and A. Jarvis, whose comments made us revisit concepts in detail. J.  ... 
doi:10.1016/j.gloenvcha.2016.02.003 fatcat:5naw6eob5fcd5mqfwjpxannbtm

Policy design for forest carbon sequestration: A review of the literature

Ing-Marie Gren, Abenezer Zeleke Aklilu
2016 Forest Policy and Economics  
Specific design problems are associated with the heterogeneity of landowners, uncertainty, additionality, and permanence in carbon projects.  ...  design and emissions baselines for managing additionality and permanence in carbon sequestration.  ...  the 7th program framework, and from the EU/BONUS funded BaltCoast project.  ... 
doi:10.1016/j.forpol.2016.06.008 fatcat:evyqv6s555c37cftq26u4lzkh4

Research on Closed-Loop Supply Chain with Competing Retailers under Government Reward-Penalty Mechanism and Asymmetric Information

Xiao-qing Zhang, Xi-gang Yuan, Da-lin Zhang
2020 Discrete Dynamics in Nature and Society  
Using dynamics game theory and principal-agent theory, three dynamic game models are built including (1) benchmark model without reward-penalty mechanism (RPM); (2) decentralized model with carbon emission  ...  RPM; (3) decentralized model with carbon emission RPM and recovery rate RPM.  ...  For instance, the carbon emission trading and the carbon cap policy [11, 12] are commonly used by countries. e Chinese government pledged to reduce 40%-45% of carbon emissions per unit of GDP by 2020  ... 
doi:10.1155/2020/7587453 fatcat:xjcqkofwt5cdxes7cijwfjliwy

Diversely moving towards a green economy: Techno-organisational decarbonisation trajectories and environmental policy in EU sectors

Massimiliano Mazzanti, Ugo Rizzo
2017 Technological forecasting & social change  
Acknowledgements The article is based on work carried out in the following research project: 'Climate changes in the Mediterranean area: scenarios, mitigation policies and technological innovation' funded  ...  by the National Research Project PRIN-MIUR 2010-11, and the 'CECILIA2050' research project, funded by the European Union under the 7th Framework Programme for Research (grant agreement n°308680, www.cecilia2050  ...  In other words, carbon pricing and innovation funding might cope with the issue of sector/firm heterogeneity in a complementary way.  ... 
doi:10.1016/j.techfore.2016.09.026 fatcat:htibdqn3tjg5nokgbjk62ecu2q

Environmental impact assessment for climate change policy with the simulation-based integrated assessment model E3ME-FTT-GENIE

Jean-Francois Mercure, Hector Pollitt, Neil R. Edwards, Philip B. Holden, Unnada Chewpreecha, Pablo Salas, Aileen Lam, Florian Knobloch, Jorge E. Vinuales
2018 Energy Strategy Reviews  
), and (3) a carbon cycle and atmosphere circulation model of intermediate complexity (GENIE-1).  ...  We use this combined model to create a detailed global and sectoral policy map and scenario that sets the economy on a pathway that achieves the goals of the Paris Agreement with >66 not exceeding 2^∘C  ...  This can be due to the fact that agents adopt technologies used in their surroundings with a higher likelihood than technologies of which they have no experience, and/or to the fact that firms with higher  ... 
doi:10.1016/j.esr.2018.03.003 fatcat:a7ud7qngcjatpgxvcyyiuuhgmu

Exploring the possibility space: Taking stock of the diverse capabilities and gaps in integrated assessment models

Ilkka Keppo, Isabela Butnar, Nicolas Bauer, Matteo Caspani, Oreane Edelenbosch, Johannes Emmerling, Panagiotis Fragkos, Celine Guivarch, Mathijs Harmsen, Julien Lefèvre, Thomas Le Gallic, Marian Leimbach (+5 others)
2021 Environmental Research Letters  
The six critiques relate to (a) representation of heterogeneous actors in the models, (b) modelling of technology diffusion and dynamics, (c) representation of capital markets, (d) energy-economy feedbacks  ...  , (e) policy scenarios, and (f) interpretation and use of model results.  ...  Acknowledgments We would like to thank Francis Li, Elmar Kriegler, Keywan Riahi, Detlef van Vuuren and Bas van Ruijven for their assistance in structuring the paper and the two anonymous reviewers for  ... 
doi:10.1088/1748-9326/abe5d8 fatcat:ouudyvrefvhpzccwwz7orl2cbi

Actors behaving badly: Exploring the modelling of non-optimal behaviour in energy transitions

Francis G.N. Li
2017 Energy Strategy Reviews  
A stochastic system dynamic model of the energy system that features multiple actors with differentiated behaviours is used to investigate energy transition pathways that deviate from strict economic rationality  ...  There are real political and social barriers to climate mitigation that arise from multiactor dynamics and micro-economic decisions.  ...  fuel price increase/decrease, CO2 = carbon price, j = periodic carbon price increase/decrease and z = specific emissions intensity.  ... 
doi:10.1016/j.esr.2017.01.002 fatcat:e5awqly3wfbbzh7axww3wvbhny

Market Power and Technology Diffusion in an Energy-Intensive Sector Covered by an Emissions Trading Scheme

Zeng, Zhu
2019 Sustainability  
In the model, each firm needs to determine the optimal time to adopt the new emissions abatement technology, taking into account its benefits and costs, as well as its rival's strategic behavior.  ...  With this framework, the results suggest that firms will delay adoption of the new emissions abatement technology in the presence of market power.  ...  (i.e., the arrival time of new emissions abatement technologies is uncertain).  ... 
doi:10.3390/su11143870 fatcat:hau3hzadszcnzlprdscvwiofke

Agent-based homeostatic control for green energy in the smart grid

Sarvapali D. Ramchurn, Perukrishnen Vytelingum, Alex Rogers, Nicholas R. Jennings
2011 ACM Transactions on Intelligent Systems and Technology  
carbon emissions.  ...  Thus, we define a new carbon-based pricing mechanism for this green energy supplier that takes advantage of carbon-intensity signals available on the Internet in order to provide real-time pricing.  ...  ACKNOWLEDGMENTS We wish to thank the anonymous reviewers for their valuable comments and our industrial partners for their input and direction.  ... 
doi:10.1145/1989734.1989739 fatcat:2mnxiovvo5hxhcjlgnoiw5wine

Mitigation of adverse effects on competitiveness and leakage of unilateral EU climate policy: An assessment of policy instruments

Alessandro Antimiani, Valeria Costantini, Onno Kuik, Elena Paglialunga
2016 Ecological Economics  
The European Union (EU) has developed a strategy to mitigate climate change by cutting greenhouse gas (GHG) emissions and fostering low carbon technologies.  ...  Using a dynamic CGE model, we assess the rate of carbon leakage and adverse impacts on competitiveness in a number of scenarios over the period 2010-2050.  ...  policies and technological innovation").  ... 
doi:10.1016/j.ecolecon.2016.05.003 fatcat:7ugndy3v6vgijczhawz5qmc4gu

The Role of Uncertainty in Controlling Climate Change [article]

Yongyang Cai
2020 arXiv   pre-print
Technological progress in carbon capture and storage, adaptation, renewable energy, and energy efficiency are uncertain too.  ...  Integrated Assessment Models (IAMs) of the climate and economy aim to analyze the impact and efficacy of policies that aim to control climate change, such as carbon taxes and subsidies.  ...  Acknowledgements I acknowledge support from the National Science Foundation grants SES-1463644 and SES-  ... 
arXiv:2003.01615v2 fatcat:rfd2wwr5vrfqnp6llfvz5r6jk4

A Climate Insidium with a Price on Warming [article]

John F. Raffensperger
2020 arXiv   pre-print
In this paper, I introduce a new emissions trading system (ETS) design to address the problems with existing ETSs and carbon taxes.  ...  My proposed market trades contracts tied to temperature in a double-sided auction of emissions permits and sequestration contracts.  ...  This result shows the misguidance of static limits in carbon tax and cap-and-trade mechanisms.  ... 
arXiv:2003.05114v1 fatcat:ahdubebysjeltbba3xwj7a2zuu

Impacts of Carbon Pricing on Brazilian Industry: Domestic Vulnerability and International Trade Exposure

Luan Santos, Rafael Garaffa, André Lucena, Alexandre Szklo
2018 Sustainability  
After COP 21, with the adoption of the Paris Agreement in December 2015, the outlook for carbon pricing policies has been widened.  ...  Therefore, this paper analyzes the impacts of carbon pricing on the Brazilian industry in terms of sectorial value added (VA), emissions intensity, international trade exposure, and the risk of carbon  ...  Acknowledgments: This work was supported by the National Council for Scientific and Technological Development (CNPq).  ... 
doi:10.3390/su10072390 fatcat:krlcupvxdndcdjjjv3yn7bxr2u
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