Please wait a minute...

Frontiers of Economics in China

Front Econ Chin    2012, Vol. 7 Issue (4) : 580-603     https://doi.org/10.3868/s060-001-012-0027-5
research-article
Effects of Carbon Dioxide Control Policy in China by Multi-Regional CGE Model
Zhengning Pu1(), Yasuhisa Hayashiyama2
1. School of Economics and Management, Southeast University, Nanjing 210096, China; Graduate School of Economics and Management, Tohoku University, Sendai, Miyagi 980-0852, Japan; 2. Graduate School of Economics and Management, Tohoku University, Sendai, Miyagi 980-0852, Japan
Download: PDF(1396 KB)   HTML
Export: BibTeX | EndNote | Reference Manager | ProCite | RefWorks
Abstract

In recent years, China has faced tremendous pressure to reduce carbon dioxide emissions. At the COP 15 United Nations Climate Change Conference in Copenhagen in 2009, China committed itself to achieve a 40%–45% per GDP carbon dioxide emission reduction in the near future. To reach this goal, China is willing to adopt a series of new policies, including attempts to introduce a carbon tax, and to start an energy-resource-tax pilot program in the western provinces. For this research, we constructed a Multi-Regional Computable General Equilibrium model. Then we used six scenarios to evaluate the economic effects and effectiveness of energy-resource tax policy for control of carbon dioxide emissions for different regions of China. The main result of this research is the finding that an ad valorem energy resource tax can reduce carbon dioxide emissions in China. At the same time, fiscal policy might engender different effects in different regions of China. Additionally, this policy is more efficient for controlling petroleum and natural gas resources than it is for coal resources.

Keywords greenhouse gases      energy tax      Computable General Equilibrium model     
Corresponding Author(s): Zhengning Pu,Email:zennipu@gmail.com   
Issue Date: 05 December 2012
 Cite this article:   
Zhengning Pu,Yasuhisa Hayashiyama. Effects of Carbon Dioxide Control Policy in China by Multi-Regional CGE Model[J]. Front Econ Chin, 2012, 7(4): 580-603.
 URL:  
http://journal.hep.com.cn/fec/EN/10.3868/s060-001-012-0027-5
http://journal.hep.com.cn/fec/EN/Y2012/V7/I4/580
Service
E-mail this article
E-mail Alert
RSS
Articles by authors
Zhengning Pu
Yasuhisa Hayashiyama
Viewed
Full text


Abstract

Cited

  Shared   
  Discussed