Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2019.110914 |
Regional carbon policies in an interconnected power system: How expanded coverage could exacerbate emission leakage | |
Viskovic, Verena1; Chen, Yihsu2; Siddiqui, Afzal S.1,3,4; Tanaka, Makoto5 | |
2019-11-01 | |
发表期刊 | ENERGY POLICY
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ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2019 |
卷号 | 134 |
文章类型 | Article |
语种 | 英语 |
国家 | England; USA; Sweden; Canada; Japan |
英文摘要 | Interconnected regional electricity markets are often subject to asymmetric carbon policies with partial coverage for CO2 emissions. While the resulting problem of carbon leakage has been well studied, its mitigation has received relatively less attention. We devise a proactive carbon policy via a bi-level modelling approach by considering the impact of an emission cap that limits the cost of damage from a regional power market. In particular, a welfare-maximising policymaker sets the cap when facing profit-maximising producers and the damage costs from their emissions at two nodes. A partial-coverage policy could degrade maximised social welfare and increase total regional CO2 emissions with potential for carbon leakage due to a higher nodal price difference. A modified carbon policy that considers CO2 emissions from both nodes tightens the cap, which increases maximised social welfare and decreases total CO2 emissions vis-a-vis the partial-coverage policy, albeit at the cost of greater scope for carbon leakage as it causes nodal prices to diverge. As a compromise, an import-coverage policy, implemented by California, that counts only domestic and imported CO2 emissions could alleviate carbon leakage at the cost of lower maximised social welfare with higher total emissions vis-a-vis the modified-coverage policy. |
英文关键词 | Carbon leakage Regional electricity markets Bi-level modelling |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000498307500029 |
WOS关键词 | TAX ; INVESTMENTS ; ALLOCATION ; TARIFFS |
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/224518 |
专题 | 环境与发展全球科技态势 |
作者单位 | 1.UCL, Dept Stat Sci, London, England; 2.Univ Calif Santa Cruz, Dept Elect & Comp Engn, Santa Cruz, CA 95064 USA; 3.Stockholm Univ, Dept Comp & Syst Sci, Stockholm, Sweden; 4.HEC Montreal, Dept Decis Sci, Montreal, PQ, Canada; 5.Natl Grad Inst Policy Studies, Tokyo, Japan |
推荐引用方式 GB/T 7714 | Viskovic, Verena,Chen, Yihsu,Siddiqui, Afzal S.,et al. Regional carbon policies in an interconnected power system: How expanded coverage could exacerbate emission leakage[J]. ENERGY POLICY,2019,134. |
APA | Viskovic, Verena,Chen, Yihsu,Siddiqui, Afzal S.,&Tanaka, Makoto.(2019).Regional carbon policies in an interconnected power system: How expanded coverage could exacerbate emission leakage.ENERGY POLICY,134. |
MLA | Viskovic, Verena,et al."Regional carbon policies in an interconnected power system: How expanded coverage could exacerbate emission leakage".ENERGY POLICY 134(2019). |
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