Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2016.11.041 |
Carbon allowance auction design of China's emissions trading scheme: A multi-agent-based approach | |
Tang, Ling1,2; Wu, Jiaqian3; Yu, Lean2; Bao, Qin4 | |
2017-03-01 | |
发表期刊 | ENERGY POLICY
![]() |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2017 |
卷号 | 102 |
文章类型 | Article |
语种 | 英语 |
国家 | Peoples R China |
英文摘要 | In this paper, a multi-agent-based ETS simulation model is proposed for carbon allowance auction design in China. In the proposed model, two main agents, i.e., the government (the ETS implementer) and the firms in different sectors (the ETS targets), are considered. Under the ETS policy, all agents make various decisions individually according to their own goals, and interact with each other through three main markets: the commodity market, the primary carbon auction market and the secondary carbon trading market. Different popular auction designs are introduced into the ETS formulation to offer helpful insights into China's ETS design. (1) Generally, the ETS would lead to positive effects on China's carbon mitigation and energy structure improvement, but a negative impact on economy. (2) As for auction forms, the uniform-price design is relatively moderate, while the discriminative-price design is quite aggressive in both economic damage and emissions reduction. (3) As for carbon price, the uniform-price auction might generate a slightly higher market clearing price than the discriminative-price auction, and the prices under two auction rules fluctuate about RMB 40 per metric ton. (4) As for carbon cap, the total allowances in the carbon auction market should be carefully set to well balance economic growth and mitigation effect. |
英文关键词 | Emissions trading scheme (ETS) Carbon auction market Allowance allocation Emissions reduction Multi-agent-based model |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000397357200005 |
WOS关键词 | GENERAL EQUILIBRIUM-MODEL ; MARKET POWER ; ALLOCATION ; REDUCTION ; PERMITS ; COST ; MECHANISM ; POLLUTION ; INDUSTRY ; IMPACT |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/19223 |
专题 | 气候变化 |
作者单位 | 1.Beihang Univ, Sch Econ & Management, Beijing 100091, Peoples R China; 2.Beijing Univ Chem Technol, Sch Econ & Management, Beijing 100029, Peoples R China; 3.Chinese Acad Sci, Inst Sci & Dev, Beijing 100190, Peoples R China; 4.Chinese Acad Sci, Acad Math & Syst Sci, Beijing 100190, Peoples R China |
推荐引用方式 GB/T 7714 | Tang, Ling,Wu, Jiaqian,Yu, Lean,et al. Carbon allowance auction design of China's emissions trading scheme: A multi-agent-based approach[J]. ENERGY POLICY,2017,102. |
APA | Tang, Ling,Wu, Jiaqian,Yu, Lean,&Bao, Qin.(2017).Carbon allowance auction design of China's emissions trading scheme: A multi-agent-based approach.ENERGY POLICY,102. |
MLA | Tang, Ling,et al."Carbon allowance auction design of China's emissions trading scheme: A multi-agent-based approach".ENERGY POLICY 102(2017). |
条目包含的文件 | 条目无相关文件。 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。
修改评论