Impacts of Initial Quota Allocation on Regional Macro-economy and Industry Competitiveness

Abstract

Abstract:

Emissions trading is an important means to combat climate change in China and some carbon trading pilots have made positive progress, which aim to gradually form a unified national carbon markets. Initial quota allocation is a key point in emission trading scheme design. Through the establishment of a China multi-regional Energy-Environment-Economy CGE model-CE3MS which is combined with an emission trading module, this paper depicts the decision-making optimization of trading sectors in each region and analyzes regional macro-economic effects and industrial impacts of carbon market under different allocations. The research shows that in the early period of unified carbon market in China, a hybrid allocation of free allocation in energy sectors and full auction in energy-intensive sectors is the optimal way.

Key words: carbon market, initial quota, allocation method, CGE model

Wu Jie, Fan Ying, Xia Yan, Liu Jingyu. Impacts of Initial Quota Allocation on Regional Macro-economy and Industry Competitiveness[J]. , 2015, 27(12): 18-26.

References

[1] Montgomery W. D. Markets in Licenses and Efficient Pollution Control Programs[J]. Journal of Economic Theory, 1972,5(3):395-418
[2] Tietenberg T. H. Emissions Trading:An Exercise in Reforming Pollution Policy[M]. Washington:Resources for the Future, 1985
[3] Massetti E., Tavoni M. A Developing Asia Emission Trading Scheme (Asia ETS)[J]. Energy Economics, 2012,34:S436-S443
[4] Gerlagha R., Kuik O. Spill or Leak? Carbon Leakage with International Technology Spillovers:A CGE Analysis[J]. Energy Economics, 2012,45:381-388
[5] Kuik O., Hofkes M. Border Adjustment for European Emissions Trading:Competitiveness and Carbon Leakage[J]. Energy Policy, 2010,38(4):1741-1748
[6] 陈文颖,吴宗鑫.碳排放权分配与碳排放权交易[J].清华大学学报(自然科学版), 1998,38(12):15-18
[7] 李陶,陈林菊,范英.基于非线性规划的我国省区碳强度减排配额研究[J].管理评论, 2010,21(6):54-60
[8] Peace J., Juliani T. The Coming Carbon Market and its Impact on the American Economy[J]. Policy and Society, 2009,27:305-316
[9] 宣晓伟,张浩.碳排放权配额分配的国际经验及启示[J].中国人口资源与环境, 2013,23(12):10-15
[10] Lennoxa J. A., van Nieuwkoop R. Output-based Allocations and Revenue Recycling:Implications for the New Zealand Emissions Trading Scheme[J]. Energy Policy, 2010,38(12):7861-7872
[11] Cramton P., Kerr S. Tradeable Carbon Permit Auctions:How and Why to Auction not Grandfather[J]. Energy Policy, 2002,30:333-345
[12] Parry I. W. H., Williams R. C., Goulder L. H. When can Carbon Abatement Policies Increase Welfare? The Fundamental Role of Distorted Factor Markets[R]. NBER Working Paper No W5967, 1997
[13] Edwards T. H., Hutton J. P. Allocation of Carbon Permits within a Country:A General Equilibrium Analysis of the United Kingdom[J]. Energy Economics, 2001,23:371-386
[14] Hübler M., Voigt S., Löschel A. Designing an Emissions Trading Scheme for China——An Up-to-date Climate Policy Assessment[J]. Energy Policy, 2014,75:57-72
[15] 何建武,李善同.二氧化碳减排与区域经济发展[J].管理评论, 2010,22(6):9-16
[16] 袁永娜,石敏俊,李娜,等.碳排放许可的强度分配标准与中国区域经济协调发展——基于30省区CGE模型的分析[J].气候变化研究进展, 2012,8(1):60-67
[17] Zhang D., Rausch S., Karplus V. J., et al. Quantifying Regional Economic Impacts of CO2 Intensity Targets in China[J]. Energy Economics, 2013,40:687-701
[18] Huang G. X., Ouyang X. L., Yao X. Dynamics of China's Regional Carbon Emissions under Gradient Economic Development Mode[J]. Ecological Indicators, 2015,51:197-204
[19] 吴洁,夏炎,范英,等.全国碳市场与区域经济协调发展[J].中国人口资源与环境, 2015,25(10):11-17
[20] 袁永娜,石敏俊,李娜.碳排放许可的初始分配与区域协调发展——基于多区域CGE模型的模拟分析[J].管理评论, 2013,25(2):43-50
[21] 许召元,李善同.区域间劳动力迁移对经济增长和地区间差距的影响[J].数量经济技术经济研究, 2008,(2):38-47
[22] 李娜,石敏俊,王飞.区域差异和区域联系对中国区域政策效果的作用:基于中国八区域CGE模型[J].系统工程理论与实践, 2009,29(10):35-44
[23] 崔连标,范英,朱磊,等.碳排放交易对实现我国"十二五"减排目标的成本节约效应研究[J].中国管理科学, 2013,21(1):37-45