Article
Economics
Yanfang Zhang, Jinpeng Wei, Qi Gao, Xunpeng Shi, Dequn Zhou
Summary: The Chinese government implemented an energy-consumption permit trading scheme (ECPTS) and a carbon emissions trading scheme (ETS) in Fujian Province. The study found that coastal cities dominate the allocation of energy-consumption permits and carbon allowances, leading to economic inequality among cities in Fujian. However, by introducing the principle of equity, the allocation structure of energy-consumption permits can be adjusted to mitigate the distributional inequality in economic development rights among cities.
Article
Development Studies
Xueqi Zhai, Yunfei An, Xunpeng Shi, Hongqiao Cui
Summary: The emissions trading scheme (ETS) is an important policy tool for reducing carbon emissions and combating climate change, but it may have unintended social-economic consequences. Understanding the role of city heterogeneity can help improve the ETS policy and guide green development roadmaps.
SUSTAINABLE DEVELOPMENT
(2023)
Article
Economics
Jian Yu, Peng Liu, Xunpeng Shi, Xianneng Ai
Summary: China's national emissions trading scheme (ETS) pilots have successfully reduced carbon emissions intensity and total carbon emissions for firms by 4.3% and 7.5%, respectively. The reduction is achieved through firms' increased investment in research and development (R&D). The study also reveals variations in emissions reduction among firms of different sizes, leverage ratios, and ownership. To fully realize the potential of the ETS pilots, the government should expand coverage and enhance liquidity in the carbon market.
ECONOMIC ANALYSIS AND POLICY
(2023)
Article
Green & Sustainable Science & Technology
Bin Xiong, Qi Sui
Summary: Given the influence of external globalization uncertainties and internal national environmental policies and markets, it is essential to balance economic, environmental, and social systems to achieve green and sustainable urban development. This research defines inclusive green resilience for cities and establishes a system of indicators for measuring it. The study uses the DID model and entropy approach to examine the impact of carbon trading policies on inclusive green resilience in 184 representative Chinese cities from 2008 to 2018, and further validation is conducted using PSM-DID. The findings indicate that carbon emissions pricing policies significantly enhance inclusive green resilience in cities by promoting industrial restructuring, technological innovation capability, and employment benefits. Furthermore, the implementation of the carbon emissions trading system has a greater impact on inclusive green resilience in large and medium-sized cities and non-resource-based cities, as demonstrated by the study of city heterogeneity. This research provides valuable insights and empirical data for future sustainable policy development.
Article
Green & Sustainable Science & Technology
Jiekuan Zhang
Summary: This study examines the impact of China's ETS on energy consumption and output structure. The results show that the ETS policy significantly reduces coal and oil consumption and increases natural gas consumption and renewable energy output. The effects of ETS on energy structure become increasingly significant over time. Energy investment and industrial structure mediate the effects of ETS on energy consumption and output structure.
Article
Green & Sustainable Science & Technology
Chang-Jing Ji, Yu-Jie Hu, Bao-Jun Tang, Shen Qu
Summary: This study examines the price drivers in Chinese carbon emissions trading scheme pilots using structural breaks test and autoregressive distributed lag model. The results indicate that oversupply of allowances, low auction prices, and use of China certified emission reductions will cause carbon prices to decline significantly; while the expansion of carbon market and centralized trading will increase carbon prices. Oil prices are positively correlated with carbon prices, coal prices are negatively related, and prices of chemical and nonferrous products also affect carbon prices in different regions.
JOURNAL OF CLEANER PRODUCTION
(2021)
Article
Environmental Sciences
Yang Zhao, Shuling Su, Yafei Xing, Lu Yu, Shihao Cui, Decai Jiang, Zumian Xiao
Summary: Market-oriented environmental policy has played an important role in promoting sustainable development in China. The introduction of the Sulfur dioxide Emissions Trading Pilot Scheme (SETPS) has effectively promoted carbon emission reduction of enterprises, particularly for those with high energy consumption and pollution. The study finds that SETPS indirectly reduces carbon emissions through the marketization process and the development of non-state-owned economy. Additionally, financing constraint and ownership are moderating factors for SETPS' impact on enterprise carbon emission reduction.
FRONTIERS IN ENVIRONMENTAL SCIENCE
(2022)
Article
Computer Science, Interdisciplinary Applications
Xu Wang, Chao Liu, Ziyu Wen, Ruyin Long, Lingyun He
Summary: China has initiated a carbon emissions trading scheme (ETS) in some pilot regions to promote green innovation by local industrial firms. However, not all pilot ETSs can effectively stimulate local green innovation. Regional heterogeneity in the green innovation effect from China's pilot ETSs indicates varying levels of success in different regions, with factors such as industrial coverage and emissions control targets identified as important external factors that can positively moderate the green innovation effect of regional ETSs.
COMPUTERS & INDUSTRIAL ENGINEERING
(2022)
Article
Multidisciplinary Sciences
Hail Jung, Chang-Keun Song
Summary: This study investigates the effects of Emission Trading Scheme (ETS) adoption on the reduction rate of carbon emission at the country level. The study finds that ETS is effective for both post-industrial and pre-industrial economies, resulting in faster reduction of carbon emissions for decoupled countries that have adopted ETS compared to non-decoupled countries. Furthermore, ETS adoption significantly reduces overall carbon emissions per capita compared to other global events. These findings suggest that a market-based mechanism like ETS is an effective strategy for achieving sustainable development.
SCIENTIFIC REPORTS
(2023)
Article
Economics
Fengxiu Zhou, Xiaoyu Wang
Summary: This study examines the impact of China's emissions trading scheme (ETS) policy on green technology innovation. The results show that the policy significantly promotes green technology innovation in pilot cities. Environmental regulation and development strategy enhance this positive effect, while a lower proportion of state-owned enterprises and higher total factor productivity also strengthen the impact. However, cities in the western region or old industrial bases do not fully leverage the advantages of the green innovation effect of ETS.
ECONOMIC ANALYSIS AND POLICY
(2022)
Article
Economics
Tatsuya Abe, Toshi H. Arimura
Summary: The study found that the Tokyo ETS did not negatively impact energy usage among regulated business establishments, and unregulated establishments also reduced their energy usage to the same extent. It suggests that the emissions cap levels in each phase may not have been demanding enough to induce additional energy use reduction practices among regulated businesses.
Article
Energy & Fuels
Yanfang Zhang, Siyuan Guo, Xunpeng Shi, Xiangyan Qian, Rui Nie
Summary: This study tested the effects of the ECPTS on energy consumption and energy intensity using the PSM-DID model, finding a positive relationship between the policy and low-carbon economic transformation. While the policy led to significant energy savings in the pilot provinces, further efforts are needed to meet China's energy control targets. Adjustments in energy structure play a crucial role in determining the impact of the ECPTS on energy consumption and intensity.
Article
Economics
Yigang Wei, Xin Liang, Liang Xu, Gang Kou, Julien Chevallier
Summary: The study provides firm-level evidence of regulated firms’ strategic responses under the Shanghai ETS and proposes a model to simulate trading interactions among diversified firms. The results indicate non-monotonic L-shaped trend in carbon prices, increased trading activity with higher carbon prices, and limitations in the current ETS penalty. Policy suggestions are provided for optimizing the ETS mechanism.
Article
Green & Sustainable Science & Technology
Larissa Batrancea, Marcel Ciprian Pop, Malar Maran Rathnaswamy, Ioan Batrancea, Mircea-Iosif Rus
Summary: The study examines the transition process and core principles of a green economy on a global scale. It highlights the need for different economic entities to adjust the green economy model based on their own characteristics and development stage. Developed economies and low-income economies face their own challenges and demands in achieving a green economy.
Article
Energy & Fuels
Xinwu Li, Chan Wang, Lianggui Liao, Hongxin Wen
Summary: This study evaluates the spillover effect of Chinese ETS policy using China-MRIO model and input-output analysis. Results show that some pilot regions reduced directed CO2 emissions while also undertaking a mass of embodied CO2 emissions caused by providing intermediate products. It is recommended that policymakers consider embodied carbon emissions in intermediate product trading when allocating carbon allowance under the market strength of ETS.
FRONTIERS IN ENERGY RESEARCH
(2021)
Article
Economics
Duy Nong
Article
Economics
Duy Nong, Trung H. Nguyen, Can Wang, Quy Van Khuc
Article
Forestry
Quy Van Khuc, Tuyet-Anh T. Le, Trung H. Nguyen, Duy Nong, Bao Quang Tran, Patrick Meyfroidt, Trung Tran, Pham Bao Duong, Thanh T. Nguyen, Tan Tran, Linh Pham, Shawn Leu, Ngo Thi Phuong Thao, Nguyen Huu-Dung, Trung-Kien Dao, Nguyen Van Hong, Bui Thi Minh Nguyet, Hoai-Son Nguyen, Mark W. Paschke
Article
Energy & Fuels
Duy Nong, Paul Simshauser
Article
Economics
Duy Nong, Duong Binh Nguyen, Trung H. Nguyen, Can Wang, Mahinda Siriwardana
Article
Environmental Sciences
Nga Thanh Thi Pham, Duy Nong, Matthias Garschagen
Summary: Understanding indigenous people's perceptions of natural disasters, particularly flash floods and landslides, is crucial for further research on the impacts of these events. The study conducted in Vietnam revealed that the most observed impacts of natural disasters were a decline in productivity, decreased income, and more challenging working conditions. Furthermore, nearly 45% of farmers perceived an increasing trend in the frequency and impacts of flash floods and landslides over the past 15 years, indicating a need for improved awareness and adaptive strategies.
SCIENCE OF THE TOTAL ENVIRONMENT
(2021)
Article
Environmental Sciences
Zhaojun Wang, Duy Nong, Amanda M. Countryman, James J. Corbett, Travis Warziniack
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2020)
Article
Energy & Fuels
Duy Nong, Paul Simshauser, Duong Binh Nguyen
Summary: Excluding non-CO2 emissions may lead to misleading results in climate change policy analysis, with developing countries being particularly affected. These countries experience higher economic impacts, suggesting future studies should incorporate both CO2 and non-CO2 emissions in models for more accurate assessments.
Article
Energy & Fuels
Duong Binh Nguyen, Duy Nong, Paul Simshauser, Thong Nguyen-Huy
Summary: This study finds that if households in every country self-supply power, it will have significant impacts on the world economy, including reducing output levels in the power generation sector, affecting coal mining sectors, improving the environment, expanding agriculture and food-processing sectors, and causing land price increases in certain countries.
Article
Environmental Sciences
Tuan Nguyen-Anh, Duy Nong, Shawn Leu, Nguyen To-The
Summary: This study enhances the traditional Capital Approach Framework by including a psychological driver to examine the relationship between farmers' perceptions, adaptive assets, and adaptation strategies. Findings suggest that heightened perception encourages diversification of income sources and better investment management, while government assistance in certain forms may hinder farmers' motivation for adaptations. Utilization of information from local officers is crucial in encouraging farmers to adapt livelihood strategies to climate change.
REGIONAL ENVIRONMENTAL CHANGE
(2021)
Article
Economics
Can Wang, Xianming Meng, Mahinda Siriwardana, Tien Pham
Summary: The study uses an economic model to evaluate China's public health policies and their impact on COVID-19, showing the government's prevention and control policies effectively mitigated the impact on both tourism and non-tourism sectors. The article emphasizes the substantial negative impact on tourism investment will slow down the industry's recovery.
Article
Economics
Quy Van Khuc, Duy Nong, Tri Phu Vu
Summary: The research findings indicate that residents and foreign visitors in Hanoi are concerned about air pollution issues, but they have limited trust in the local government to establish a joint funding mechanism to mitigate pollution, with relatively low public trust. Many respondents believe deteriorating air quality severely impacts health and increases healthcare expenses, but only a minority are willing to contribute.
ECONOMIC ANALYSIS AND POLICY
(2022)
Article
Economics
Mahinda Siriwardana, Duy Nong
Summary: Developing countries have relatively low emission abatement costs, especially China and India, which have the potential to create carbon credits. International carbon markets reduce system costs and help lower carbon prices. However, not all international emission linkages benefit low abatement cost countries if they do not have suitable strategies to recycle their net carbon trading revenues.
Article
Economics
Samuel Meng, Mahinda Siriwardana, Ying Shen
Summary: China has decided to act on climate change by establishing and implementing a nationwide ETS, which is effective in emissions reduction but causes a mild economic contraction. At the sectoral level, the energy and resource sectors as well as energy intensive sectors are hit hard, while most other sectors are affected negatively but insignificantly.
JOURNAL OF THE ASIA PACIFIC ECONOMY
(2021)
Article
Green & Sustainable Science & Technology
Duy Nong, Neus Escobar, Wolfgang Britz, Jan Borner
JOURNAL OF CLEANER PRODUCTION
(2020)
Article
Economics
Marie-Louise Arlt, David Chassin, Claudio Rivetta, James Sweeney
Summary: This paper examines the impact of real-time pricing and load automation on residential distribution systems. The study finds that implementing real-time pricing can result in an aggregate welfare gain of 39 USD per customer and year. However, it also notes that RTP and load automation may significantly increase peak system load. Introducing a market-based demand management system can further enhance welfare gains and reduce grid investment.
Article
Economics
Javier Jorquera-Copier, Alvaro Lorca, Enzo Sauma, Stefan Lorenczik, Matias Negrete-Pincetic
Summary: As countries update their climate ambitions, low-carbon hydrogen production and use present opportunities for emissions reductions and economic development. A case study for Chile shows that integrating hydrogen and electricity networks can lower system costs and enhance renewable integration, but policy support is needed to address concerns related to water and land use.
Article
Economics
Dawit Guta, Hisham Zerriffi, Jill Baumgartner, Abhishek Jain, Sunil Mani, Darby Jack, Ellison Carter, Guofeng Shen, Jennifer Orgill-Meyer, Joshua Rosenthal, Katherine Dickinson, Rob Bailis, Yuta Masuda
Summary: Household solid fuel use is detrimental to health and the environment. The Indian government's PMUY subsidy has successfully promoted the adoption of LPG by millions of households. However, there is limited understanding of the decision-making process to reduce solid fuel use after transitioning to cleaner fuels. This study found that factors such as household wealth, social status, education level, and the prevalence of LPG use in the village are positively associated with LPG consumption and the discontinuation of solid fuel use. On the other hand, factors such as distance to LPG refill delivery, household size, and the PMUY subsidy are negatively associated with the share of LPG use.
Article
Economics
Nicolas Morell-Dameto, Jose Pablo Chaves-Avila, Tomas Gomez San Roman, Pablo Duenas-Martinez, Tim Schittekatte
Summary: This paper assesses the performance of differently implemented forward-looking network tariff designs and proposes an innovative coordination mechanism to increase predictability in a future with many flexible customers. The study reveals that if large shares of customers synchronize their responses to highly time-varying and locational-specific network charges, it can lead to unexpected reinforcements.
Article
Economics
Alexandra Gritz, Guntram Wolff
Summary: Russia's weaponization of gas supplies shook the energy security of Central and Eastern Europe in 2022. The region responded by increasing alternative energy supplies and developing new gas supply routes. Renewable energy, nuclear energy, and hydrogen play important roles in the long-term. Mitigating the impact of this shock requires the EU to prioritize the integrity of its energy market.
Article
Economics
Jaroslaw Kantorowicz, Marion Collewet, Matthew DiGiuseppe, Hendrik Vrijburg
Summary: Economic costs are a major political obstacle to investing in climate change mitigation and adaptation measures. The method of financing plays a crucial role in determining public opposition to government green investments, with debt financing being less opposed than broad-based taxes. This study suggests that credit market tools, such as green bonds and debt for climate swaps, can be politically efficient in increasing support for green financing. Carbon taxes and wealth taxes are found to be the most preferred options.
Article
Economics
Kun Guo, Liyuan Luan, Xiaoli Cai, Dayong Zhang, Qiang Ji
Summary: This paper investigates China's energy trade stability using a survival analysis approach. It finds that the energy trade linkages between China and 153 other countries are complex and unstable, with short periods of trade with many countries. Geopolitically risky regions, such as the Middle East and Africa, have the lowest trade stability. Climate risks have significant effects on energy trade stability. The paper proposes several policy options to improve energy trade stability in China, with special attention to increasing global climate risks.
Article
Economics
Simona Bigerna, Piyush Choudhary, Nikunj Kumar Jain, Silvia Micheli, Paolo Polinori
Summary: This study estimates the willingness to pay of Indian urban consumers for a continuous supply of electricity using contingent valuation method. The findings show that the amount consumers are willing to pay depends on the duration of power outages, with households preferring shorter outages. Income and environmental attitude also positively influence higher willingness to pay. These insights can inform policymakers in designing more reliable and customer-centric energy generation and distribution models.
Article
Economics
Temilade Sesan, Unico Uduka, Lucy Baker, Okechukwu Ugwu, Ewah Eleri, Subhes Bhattacharyya
Summary: This study examines the impact of the regulatory framework on rural electrification and universal energy access goals in Nigeria's mini-grid sector. The findings suggest that while the current framework has fostered sector growth, additional measures are necessary to ensure equitable distribution of access among rural populations.
Article
Economics
Rui Shan, Noah Kittner
Summary: Energy storage is a cornerstone in decarbonization planning as it reduces operational costs and greenhouse gas emissions, while enhancing resilience and renewables integration. However, storage developers in different regions have varying economic and environmental considerations, thereby requiring policy intervention to achieve long-term emission reductions.
Article
Economics
Tung Durmaz, Sevil Acar, Simay Kizilkaya
Summary: This study investigates the phenomenon of strategic capacity withholding in the Turkish electricity market and its relationship with the capacity remuneration mechanism. The empirical results provide strong evidence of strategic capacity withholding and show that the capacity mechanism contributes to the duration of failures. The study offers important insights for policymakers, including the implementation of a random verification mechanism and restructuring of the capacity mechanism in Turkey.
Article
Economics
Tii N. Nchofoung
Summary: The study finds that oil price shocks have a negative impact on Africa's energy transition, particularly in rural areas and net crude oil exporting countries. However, oil price shocks cannot explain the urban-rural differences in clean energy access. Therefore, increasing investment in clean energy and technologies in rural areas is necessary to enhance the resilience of the energy sector to oil price shocks.
Article
Economics
Najia Saqib, Muhammad Usman, Ilhan Ozturk, Arshian Sharif
Summary: This study examines the impact of environmental technologies, financial growth, and energy use on ecological footprint and green growth. Environmental innovation and renewable energy deployment contribute to green growth, while financial expansion and non-renewable energy use have negative effects on the environment. The study also identifies causal relationships between different factors.
Article
Economics
Yessica C. Y. Chung, Noxolo Kunene, Hung-Hao Chang
Summary: The Renewable Energy Certificate (REC) is considered an innovative technology for building a green society. This study investigates the impact of REC purchases on stock return and volume in Taiwan between 2017 and 2021. The findings suggest that REC purchases have a positive effect on stock returns of manufacturing firms but not service firms. The frequency of REC purchases is also an important factor in the relationship between REC purchase and firm value. Additionally, the study reveals that public attention to environmental pollution plays a crucial role in positive stock returns and volume, while ESG disclosure is negatively associated with returns and volume.
Article
Economics
Seife Ayele, Wei Shen, Yacob Mulugetta, Tadesse Kuma Worako
Summary: This paper addresses the challenges of governing energy procurement from a mix of non-hydropower renewable energy sources supplied by independent producers. Building on political economy analysis and five case studies of independent producer projects from Ethiopia, it seeks to understand the root causes of the protracted delays and limited extent of procurement by independent producers. The key contestations lie in managing long term contracts, risk, uncertainty and in developing the institutional and human capacity to transition.
