Carbon tax, emission trading, or the mixed policy: which is the most effective strategy for climate change mitigation in China?

2016 ◽  
Vol 22 (6) ◽  
pp. 973-992 ◽  
Author(s):  
Wei Li ◽  
Zhijie Jia
Author(s):  
Basanta K. Pradhan ◽  
Joydeep Ghosh

This paper compares the effects of a global carbon tax and a global emissions trading regime on India using a dynamic CGE framework. The sensitivity of the results to the value of a crucial elasticity parameter is also analysed. The results suggest that the choice of the mitigation policy is relatively unimportant from an efficiency perspective. However, the choice of the mitigation policy and the value of the substitution elasticity between value added and energy were found to be important determinants of welfare effects. Global climate change mitigation policies have the potential for promoting low carbon and inclusive growth in India.


Author(s):  
Basanta K. Pradhan ◽  
Joydeep Ghosh

This paper compares the effects of a global carbon tax and a global emissions trading regime on India using a dynamic CGE framework. The sensitivity of the results to the value of a crucial elasticity parameter is also analysed. The results suggest that the choice of the mitigation policy is relatively unimportant from an efficiency perspective. However, the choice of the mitigation policy and the value of the substitution elasticity between value added and energy were found to be important determinants of welfare effects. Global climate change mitigation policies have the potential for promoting low carbon and inclusive growth in India.


Climate ◽  
2021 ◽  
Vol 9 (2) ◽  
pp. 27
Author(s):  
Zbigniew Bohdanowicz

There are numerous studies assessing the influence of individual sociological, political, and demographic factors on attitudes towards climate change. However, there is still a need for a deeper understanding of the reasons behind these attitudes and for research based on results from more than one country. This study empirically examines a range of psychosocial and demographic determinants of support for climate policy (renewable energy, energy efficiency and carbon tax) in Germany and Poland (n = 1969). The results show that the societies of both countries, despite significant differences in income, culture and political stance on climate change, similarly support implementation of climate policies. For both countries valid predictors of support are: awareness, emotional response to climate crisis, sense of control, and belief in effectiveness of solutions; the study also shows predictors relevant in only one country. Factor analysis identified similar dimensions of attitudes toward climate change in both countries. The main findings show that support for climate policy is high in both countries and that the public is ready to accept more ambitious climate goals. Despite the differences between the countries, a coherent climate policy seems justified. The study also shows differences between the countries and provides recommendations for policymakers.


Author(s):  
Rafael Leal-Arcas

Climate change mitigation has become one of the most relevant topics today, and it will continue for years to come. It is a concern that has implications in economics, law, science, human rights, technology, international relations and ethics, to name but a few fields of knowledge. Climate change is a global problem that knows no geographical barriers. International law is not well equipped to face the challenges of climate change. Global climate is an indivisible public good. International law currently faces the challenge of fragmentation and the need to bring greater coherence to a fragmented system in combating climate change. The aim of this article is to explain the trade implications of climate change mitigation policies by analyzing a couple of areas where the international regimes for trade and climate change mitigation/energy may potentially clash: 1) border carbon adjustments and 2) applying subsidies and similar measures in order to encourage environmentally-friendly technologies. After the introduction, Section 2 provides an analysis on the link between the legal regimes of international trade and climate change. Section 3 compares both regimes and Section 4 offers an overview of unilateral trade-related climate change measures. Section 5 examines the main WTO provisions on subsidies and analyzes the WTO cases on subsidies for renewable energy. Section 6 focuses on the inclusion of aviation in the EU Emission Trading Scheme (EU ETS) and the potential expansion of the EU ETS to the shipping industry. Section 7 concludes the article.


2021 ◽  
Author(s):  
adeel ahmed ◽  
Abul Quasem Al-Amin ◽  
Md. Mahmudul Alam ◽  
Brent Doberstein

Abstract Climate Change is a critical concern for Southeast Asia as this region is extremely vulnerable to the extreme weather patterns, temperature fluctuations and uneven precipitation expected under climate change, and thus vulnerability is expected to increase in the future. With this background, this study aims to analyze the readiness of ASEAN member countries to undertake the promised determinants of INDCs by the Paris Agreement and transfer these into measurable actions, and also to explore how ASEAN nations may reduce climatic threats over time. Consequently, a long run RICE (Regional Integrated Climate and Economy) based dynamic non-linear numerical model for the economy and environment was utilised. Simulation forecasts investigated several alternatives in order to determine optimal climate strategies against global-warming in the region, using both an Optimal Scenario (OS) and Business-as-usual (BAU) projections from 2020 to 2060. The results indicate that under an optimal scenario, industrial emissions are estimated in monetary values, RM14.05 (US$1=RM4.30)(btCO2 per year) in 2040 and RM31.99 (btCO2 per year) by 2060. These estimated values under OS are striking for sustainable development since they are far lower than BAU projections. Carbon price (RM per tCO2) by OS indicates that the carbon tax could be RM224.65 in 2040, RM258.16 in 2050 and RM245.41 in 2060 per tCO2. The collected carbon tax can be reinvested by ASEAN nations in order to implement alternative backstop technologies and technological innovation. The optimal scenario outcomes examined for carbon emission reduction are tempting since they can support a strong balance between sustainable development and quality environment. Despite long-run economic assumptions, the findings are still a worthy means by which ASEAN governments can compare climate change mitigation strategies while also making amendments for any unexpected developments.


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