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Effects of Carbon Dioxide Control Policy in China by Multi-Regional CGE Model

Author

Listed:
  • Zhengning Pu

    (School of Economics and Management, Southeast University, Nanjing 210096, China; Graduate School of Economics and Management, Tohoku University, Sendai, Miyagi 980-0852, Japan)

  • Yasuhisa Hayashiyama

    (Graduate School of Economics and Management, Tohoku University, Sendai, Miyagi 980-0852, Japan)

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%¨C45% 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.

Suggested Citation

  • Zhengning Pu & Yasuhisa Hayashiyama, 2012. "Effects of Carbon Dioxide Control Policy in China by Multi-Regional CGE Model," Frontiers of Economics in China-Selected Publications from Chinese Universities, Higher Education Press, vol. 7(4), pages 580-603, December.
    • Handle: RePEc:fec:journl:v:7:y:2012:i:4:p:580-603
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    File URL: http://journal.hep.com.cn/fec/EN/10.3868/s060-001-012-0027-5
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    Citations

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    Cited by:

    1. Govinda R. Timilsina & Jing Cao & Mun Ho, 2018. "Carbon Tax For Achieving China’S Ndc: Simulations Of Some Design Features Using A Cge Model," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 9(03), pages 1-17, August.
    2. Chen, Anping & Groenewold, Nicolaas, 2015. "Emission reduction policy: A regional economic analysis for China," Economic Modelling, Elsevier, vol. 51(C), pages 136-152.

    More about this item

    Keywords

    greenhouse gases; energy tax; Computable General Equilibrium model;
    All these keywords.

    JEL classification:

    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics

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