Article
Energy & Fuels
Chuyu Sun, Jing Wei, Xiaoli Zhao, Fan Yang
Summary: This study examines how carbon tax and carbon emission trading policies could be coupled with subsidy policies to better promote renewable energy development. The results show that, under the scenario of carbon trading and subsidy policy coordination, investors will vote for wind farms and under the scenario of the carbon tax and subsidies coordination, investors will pay the funds in coal-fired power generation. It is suggested that the government should continue to implement the carbon emission trading policy and maintain the free quota below 80% and the carbon emission trading price above 120.02 yuan/ton.
FRONTIERS IN ENERGY RESEARCH
(2022)
Article
Environmental Studies
Suzi Kerr, Judd Ormsby, Dominic White
Summary: The delinking announcement of the New Zealand Emissions Trading Scheme had a significant impact on the prices of NZUs and Kyoto units, leading to a price divergence between the two markets where NZUs traded at a premium. This demonstrates a well-functioning market reacting to news about the future.
Article
Environmental Sciences
Jianhua Zhu, Zixin Dou, Xu Yan, Longzhen Yu, Ying Lu
Summary: This study investigates the effects of green technology innovation subsidy, carbon tax, and carbon emission trading on carbon emission reduction in manufacturing enterprises, and obtains optimal reduction measures. The findings suggest that the choice of the best reduction measure depends on the stage of green technology innovation and maturity, with the goal of maximizing social welfare and carbon emission reduction efficiency.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2023)
Article
Business
Christoph Boehringer, Carolyn Fischer
Summary: As more governments consider implementing minimum domestic CO2 prices, this study explores three unilateral options for jurisdictions operating in a multilateral emissions trading system (ETS): an additional CO2 tax, an auction reserve policy to invalidate allowances, and an overcompliance requirement to charge domestic emitters for extra allowances. The study evaluates the economic incentives for unilateral action, including environmental benefits, fiscal benefits, and gains in terms of trade. The authors derive theoretically optimal unilateral price floors and provide numerical simulations for the EU ETS to demonstrate how a national government's preferred strategy depends on its valuation of fiscal benefits versus environmental benefits.
JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT
(2023)
Review
Green & Sustainable Science & Technology
Weiqing Huang, Qiufang Wang, Han Li, Hongbo Fan, Yu Qian, Jiri Jaromir Klemes
Summary: This paper summarizes the progress of China's Emission Trading Scheme (ETS) pilots and compares the effectiveness, cost, and implementation resistance of ETS and carbon emissions tax. Through analysis and assessment, it identifies problems in China's carbon emissions trading market and provides suggestions for improvement.
JOURNAL OF CLEANER PRODUCTION
(2022)
Article
Economics
Yucai Hu, Ranran Li, Lei Du, Shenggang Ren, Julien Chevallier
Summary: Based on China's pilots of SO2 ETS and CO2 ETS, this study finds that these policies have effectively reduced SO2 and CO2 emissions, and the CO2 ETS has achieved co-benefits by reducing SO2 emissions. However, the effectiveness of SO2 ETS in reducing CO2 emissions is limited due to the maturity of SO2 capture technologies.
Article
Environmental Studies
Xueping Wu, Wenhai Qiu, Shihong Guo
Summary: China's emissions trading scheme (ETS) effectively reduces CO2 emissions and promotes economic growth even with low carbon prices. Technological innovation, FDI, energy mix, and industrial structure are crucial channels for carbon pricing to achieve emission reduction and economic development. The absence of carbon leakage to neighboring regions suggests the internal effectiveness of ETS as an emission control mechanism. Heterogeneity analysis highlights the importance of targeted policy design and appropriate allocation methods in influencing the effectiveness of carbon pricing.
Article
Green & Sustainable Science & Technology
Anh Quynh Tang, Takeshi Mizunoya
Summary: This study investigates optimal GHG mitigation options for both economic development and emission reduction by simulating four scenarios characterized by different carbon tax and subsidy rates. The optimal carbon tax is simulated at a rate of USD 1/tCO2 equivalent, the lowest rate among current global carbon prices. The medium subsidy option (up to 20%) shows the most effective scheme with the highest GHG emission reduction and economic development effectiveness.
Article
Green & Sustainable Science & Technology
Yanli Meng, Li Wang, Yigang Wei, Zhijun Shi, Ziqian Luo
Summary: This study explores the co-movement effect of returns among the four most representative global carbon emissions trading schemes (ETSs) and analyzes the correlations and time lag characteristics of returns in these ETSs. The findings suggest that there are certain volatility characteristics in the trading prices of these ETSs, and the linkage between ETS trading rates varies across frequencies and evolves dynamically. The study also emphasizes the importance of establishing ETS and improving risk prevention awareness among market participants.
JOURNAL OF CLEANER PRODUCTION
(2022)
Article
Forestry
Guillermo Federico Olmedo, Horacio Gilabert, Horacio Bown, Rebeca Sanhueza, Pia Silva, Carlos Jorquera-Stuardo, Francisco Sierra
Summary: Forest plantations play a significant role in carbon sequestration and greenhouse gas mitigation, but forest fires can greatly reduce their capability. This study aims to estimate the carbon loss factor for major plantation species in Chile, namely Pinus radiata, Eucalyptus nitens, and Eucalyptus globulus, across different ages and fire severities. By assessing biomass loss after forest fires in 2018-2019, a model was developed to predict biomass loss and associated emissions.
Article
Mathematics, Interdisciplinary Applications
Chao Li, Na Zuo
Summary: The study examines the optimal pollution control R&D investment strategy of firms under asymmetric information and the impact of government incentive mechanisms on it. Findings show that without supervisors, firms may choose not to cooperate, but government incentives can help reach Nash equilibrium; with supervisors, firms tend to choose cooperation, potentially achieving a Pareto optimum.
DISCRETE DYNAMICS IN NATURE AND SOCIETY
(2021)
Article
Economics
Shiyue Yao, Xueying Yu, Sen Yan, Shiyan Wen
Summary: This paper evaluates the impact of emission trading schemes on low-carbon innovation, focusing on seven emission trading pilots in China. It finds that different scheme designs have varied effects on promoting low-carbon innovation. The research highlights the importance of detailed mechanism design for securing dynamic effectiveness of carbon emission trading schemes.
Article
Environmental Sciences
Xiongfeng Pan, Chenxi Pu, Sai Yuan, Haitao Xu
Summary: This paper examines the impact of China's pilot carbon emission trading scheme (CETS) on the total factor productivity (TFP) of enterprises, and discusses the mediating role of government participation and carbon trading market efficiency. The study finds that CETS has a significant positive effect on enterprises' TFP, which has been maintained for six years. It also shows that government participation and carbon trading market efficiency moderate the positive impact of CETS on TFP.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2022)
Article
Environmental Studies
Jie-Sheng Tan-Soo, Lili Li, Ping Qin, Xiao-bing Zhang
Summary: This study provides empirical evidence of the co-benefits of a CO2 emissions trading system in Shanghai, China, showing a significant negative association between CO2 prices and SO2 emissions. The co-benefits are limited to specific sectors and are stronger during months when firms need to balance their annual CO2 emissions.
Article
Economics
Claire Gavard, Sebastian Voigt, Aurelien Genty
Summary: This study examines the economic impacts of using environmental taxation revenues to reduce distortionary taxes in a multi-sector economy. The findings suggest that using auction revenues from the EU Emissions Trading System (ETS) to reduce national levies results in an increase in ETS carbon prices but a decrease in non-ETS carbon constraint. Additionally, the combination of electricity levy exemptions and the recycling of carbon auction revenues to support renewable energy negatively affects ETS sectors. Overall, the recycling option analyzed here leads to a GDP gain due to its impacts on non-ETS sectors and reduction of electricity levies.
Article
Economics
Sara Lorenzini, Nadia von Jacobi
Summary: This paper fills the gap in the literature on polycentric governance by focusing on the micro-processes of conflict that precede its establishment. Through a comparative analysis of four case studies, the authors find that conflict can lead to negotiations and the eventual establishment of common procedural rules, which can sustain polycentric governance.
FOREST POLICY AND ECONOMICS
(2024)
Article
Economics
Hubert Palus, Lenka Marcinekova, Jaroslav Salka
Summary: The complexity and comprehensiveness of sustainability issues in forest certification schemes require knowledge based and transparent decision-making processes, which involve open and multi-stakeholder participation. This study examines the latest PEFC national sustainable forest management standard revision process in Slovakia from the viewpoint of stakeholder participation. The results highlight the importance of stakeholder understanding, trust, and satisfaction in the effectiveness of the revision process.
FOREST POLICY AND ECONOMICS
(2024)
Article
Economics
Nicholas Palaschuk, Jason Gauthier, Ryan Bullock
Summary: Non-timber forest products (NTFPs) are important for the spiritual and cultural identity of Indigenous communities, but current forest policies in Canada do not adequately protect these resources. This research used a participatory approach and community interviews to document local criteria, elements, and values related to NTFP development and conservation. The resulting framework can guide decision making and promote socio-economic benefits for the Missanabie Cree First Nation.
FOREST POLICY AND ECONOMICS
(2024)
Article
Economics
Laila Berning, Metodi Sotirov
Summary: This paper analyzes the coalition politics driven by beliefs and interests in the new European Union Regulation on deforestation-free products (EUDR). The study identifies pro-regulation and contra-regulation coalitions and highlights the strategic alliance formed between pro-EUDR business actors and other pro-coalitions. Despite opposition from a weaker contra-regulation coalition, the EUDR was ultimately institutionalized as a compromise solution accommodating different beliefs and interests of state and non-state actors.
FOREST POLICY AND ECONOMICS
(2024)
Article
Economics
Mehwish Zuberi, Michael Spies, Jonas o. Nielsen
Summary: Smallholder farmers play a crucial role in agrarian value chains in the Global South, but they are often neglected in technology-oriented agricultural interventions. However, they face challenges such as lack of resources, established crop rotation patterns, and market and climatic factors.
FOREST POLICY AND ECONOMICS
(2024)
Article
Economics
James Chamberlain, Carsten Smith-Hall
Summary: More countries are adopting novel approaches to transition to a forest-based bioeconomy, which can address global challenges such as sustainable forest management, poverty alleviation, and climate change mitigation. Utilizing non-timber forest products is crucial for the realization of a forest-based bioeconomy.
FOREST POLICY AND ECONOMICS
(2024)
Article
Economics
Keith Barney
Summary: The social impacts of industrial wood plantations in Southeast Asia, specifically in Laos, are debated. This study finds that under certain conditions, these plantations can positively contribute to local livelihoods, but there are still issues of land dispossession and inadequate compensation.
FOREST POLICY AND ECONOMICS
(2024)