scholarly journals CO2 abatement economics - a practical view

2021 ◽  
Author(s):  
Thomas Anderl
Keyword(s):  
Carbon Emissions ◽  
Energy Supply ◽  
Energy Production ◽  
Free Market ◽  
Scientific Research ◽  
Primary Sources ◽  
Emissions Reduction ◽  
Carbon Emissions Reduction ◽  
Cost Competitiveness ◽  
Economic Stimulus

Abstract The present studies aim at bridging between sophisticated scientific research and the broader society. The present work examines the economic stimulus required for the intended transition from fossil sources to renewables. To estimate cost competitiveness in energy supply from the various primary sources, a practicable, yet comprehensively levelized and fully described framework is applied. The estimates are compared with previous field reports and projection studies. In result, renewables have principally become cost-competitive to fossil sources in energy production. The overall transition to renewables is found to potentially come cost-neutral. It is argued that no special discounting be necessary if carbon emissions reduction is established in the order of 3 %/year (year-on-year) for about 100 years. Regarding transmission belts, it is advocated to cap plain CO2 pricing at 50 $/tCO2 and moreover, to emphasize distributive and differentiative regulation when considering free-market-based mechanisms such as CO2 pricing and carbon certification/crediting.

scholarly journals An Examination of Green Credit Promoting Carbon Dioxide Emissions Reduction: A Provincial Panel Analysis of China

2021 ◽  
Vol 13 (13) ◽  
pp. 7148
Author(s):  
Wenjie Zhang ◽  
Mingyong Hong ◽  
Juan Li ◽  
Fuhong Li
Keyword(s):  
Carbon Dioxide ◽  
Carbon Emissions ◽  
Carbon Dioxide Emissions ◽  
Industrial Structure ◽  
Emissions Reduction ◽  
Green Finance ◽  
Carbon Emissions Reduction ◽  
Negative Effect ◽  
Emissions Intensity ◽  
The Impact

The implementation of green finance is a powerful measure to promote global carbon emissions reduction that has been highly valued by academic circles in recent years. However, the role of green credit in carbon emissions reduction in China is still lacking testing. Using a set of panel data including 30 provinces and cities, this study focused on the impact of green credit on carbon dioxide emissions in China from 2006 to 2016. The empirical results indicated that green credit has a significantly negative effect on carbon dioxide emissions intensity. Furthermore, after the mechanism examination, we found that the promotion impacts of green credit on industrial structure upgrading and technological innovation are two effective channels to help reduce carbon dioxide emissions. Heterogeneity analysis found that there are regional differences in the effect of green credit. In the western and northeastern regions, the effect of green credit is invalid. Quantile regression results implied that the greater the carbon emissions intensity, the better the effect of green credit. Finally, a further discussion revealed there exists a nonlinear correlation between green credit and carbon dioxide emissions intensity. These findings suggest that the core measures to promote carbon emission reduction in China are to continue to expand the scale of green credit, increase the technology R&D investment of enterprises, and to vigorously develop the tertiary industry.

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