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Analysis Of The Synergistic Effect Of Carbon Taxes And Clean Energy Subsidies: An Enterprise-Heterogeneity E-Dsge Model Approach

In: ASIAN MITIGATION Insights, Mitigation Actions, Strategies and Policies for Asian Economies

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  • QIANYANG TU
  • YING WANG

Abstract

The application of clean energy is one effective way to alleviate the economy’s dependence on fossil energy while reducing greenhouse gas (GHG) emissions. However, the complementary and synergistic effects of environmental policy in clean energy promotion remain controversial. This paper aims to investigate the role of structural carbon taxes and clean energy subsidies in low carbon transition. Heterogeneous environmental dynamic stochastic general equilibrium (E-DSGE) approach with firm heterogeneity is applied to describe the impact path of structural environmental policy on China’s environmental-economic system. The results show that the structural carbon emission reduction policy has synergistic effects and can balance the relationship between energy demand and economic growth. Furthermore, distinguishing production technology and green innovation technology can promote energy-saving enterprises and improve the industrial structure. This paper might be the first attempt to discuss the synergistic effects of climate policy based on heterogeneous E-DSGE model.

Suggested Citation

  • Qianyang Tu & Ying Wang, 2025. "Analysis Of The Synergistic Effect Of Carbon Taxes And Clean Energy Subsidies: An Enterprise-Heterogeneity E-Dsge Model Approach," World Scientific Book Chapters, in: Hongbo Duan (ed.), ASIAN MITIGATION Insights, Mitigation Actions, Strategies and Policies for Asian Economies, chapter 8, pages 163-190, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789819812264_0008
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    Keywords

    Climate Mitigation; Climate Policy Assessment; Climate Change Economics; DSGE; CGE; LEAP; Input-output Model; LCA Analysis; GHG Emissions; Greenhouse Gases; Regional Studies; Policy Measures; Asia; Paris Agreement; Emissions; Carbon; Carbon Emissions; Carbon Neutrality; Decarbonisation; Climate Goals; Mitigation Strategy; Emissions Trading Scheme; China; Green Energy; Global Warming; Climate Change; Carbon Footprint;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects

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