The Spillover Effect Evaluation of Chinese Emissions Trading Scheme
Carbon emissions trading scheme (ETS) is becoming a crucial policy in mitigating global climate change. This paper purposes to evaluate the spillover effect of Chinese ETS policy with the data of 30 provinces’ carbon emissions in China by China-MRIO model and input-output analysis. The MRIO model pr...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Frontiers Media S.A.
2021-05-01
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| Series: | Frontiers in Energy Research |
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| Online Access: | https://www.frontiersin.org/articles/10.3389/fenrg.2021.677873/full |
| _version_ | 1818832653375242240 |
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| author | Xinwu Li Chan Wang Lianggui Liao Hongxin Wen |
| author_facet | Xinwu Li Chan Wang Lianggui Liao Hongxin Wen |
| author_sort | Xinwu Li |
| collection | DOAJ |
| description | Carbon emissions trading scheme (ETS) is becoming a crucial policy in mitigating global climate change. This paper purposes to evaluate the spillover effect of Chinese ETS policy with the data of 30 provinces’ carbon emissions in China by China-MRIO model and input-output analysis. The MRIO model provides the change in production value in each region in the intermediate demand and final demand. 2012 and 2015 were selected as case study years to highlight the spillover effects of ETS policy. The results show that some pilot regions such as Beijing, Tianjin, Shanghai and Chongqing reduced their directed CO2 emissions while Guangdong and Hubei increased their directed CO2 compared to 2012. However, there were places like Hebei, Shanxi, Inner Mongolia, Ningxia, and Xinjiang that undertook a mass of embodied CO2 emissions which were majorly caused by providing intermediate products. Similarly, the pilot regions transferred out CO2 emissions by using a good deal of intermediate products. Thus, it is argued that carbon transfer evaluation can provide scientific support for carbon allowance formulating and it is important for policymakers to consider embodied carbon emissions in intermediate product trading when allocating carbon allowance under the market strength of ETS. |
| first_indexed | 2024-12-19T02:06:27Z |
| format | Article |
| id | doaj.art-36e8d863cdf148579232105201db74e8 |
| institution | Directory Open Access Journal |
| issn | 2296-598X |
| language | English |
| last_indexed | 2024-12-19T02:06:27Z |
| publishDate | 2021-05-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Energy Research |
| spelling | doaj.art-36e8d863cdf148579232105201db74e82022-12-21T20:40:55ZengFrontiers Media S.A.Frontiers in Energy Research2296-598X2021-05-01910.3389/fenrg.2021.677873677873The Spillover Effect Evaluation of Chinese Emissions Trading SchemeXinwu Li0Chan Wang1Lianggui Liao2Hongxin Wen3School of Finance, Guangdong University of Finance and Economics, Guangzhou, ChinaGuangdong Institute of Economic and Social Development, Guangdong University of Finance and Economics, Guangzhou, ChinaSchool of Finance, Guangdong University of Finance and Economics, Guangzhou, ChinaNational Economic Research Center, Guangdong University of Finance and Economics, Guangzhou, ChinaCarbon emissions trading scheme (ETS) is becoming a crucial policy in mitigating global climate change. This paper purposes to evaluate the spillover effect of Chinese ETS policy with the data of 30 provinces’ carbon emissions in China by China-MRIO model and input-output analysis. The MRIO model provides the change in production value in each region in the intermediate demand and final demand. 2012 and 2015 were selected as case study years to highlight the spillover effects of ETS policy. The results show that some pilot regions such as Beijing, Tianjin, Shanghai and Chongqing reduced their directed CO2 emissions while Guangdong and Hubei increased their directed CO2 compared to 2012. However, there were places like Hebei, Shanxi, Inner Mongolia, Ningxia, and Xinjiang that undertook a mass of embodied CO2 emissions which were majorly caused by providing intermediate products. Similarly, the pilot regions transferred out CO2 emissions by using a good deal of intermediate products. Thus, it is argued that carbon transfer evaluation can provide scientific support for carbon allowance formulating and it is important for policymakers to consider embodied carbon emissions in intermediate product trading when allocating carbon allowance under the market strength of ETS.https://www.frontiersin.org/articles/10.3389/fenrg.2021.677873/fullcarbon emissions trading schemecarbon transferMRIO modelspillover effecteffect evaluation |
| spellingShingle | Xinwu Li Chan Wang Lianggui Liao Hongxin Wen The Spillover Effect Evaluation of Chinese Emissions Trading Scheme Frontiers in Energy Research carbon emissions trading scheme carbon transfer MRIO model spillover effect effect evaluation |
| title | The Spillover Effect Evaluation of Chinese Emissions Trading Scheme |
| title_full | The Spillover Effect Evaluation of Chinese Emissions Trading Scheme |
| title_fullStr | The Spillover Effect Evaluation of Chinese Emissions Trading Scheme |
| title_full_unstemmed | The Spillover Effect Evaluation of Chinese Emissions Trading Scheme |
| title_short | The Spillover Effect Evaluation of Chinese Emissions Trading Scheme |
| title_sort | spillover effect evaluation of chinese emissions trading scheme |
| topic | carbon emissions trading scheme carbon transfer MRIO model spillover effect effect evaluation |
| url | https://www.frontiersin.org/articles/10.3389/fenrg.2021.677873/full |
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