trading scheme
Recently Published Documents


TOTAL DOCUMENTS

886
(FIVE YEARS 236)

H-INDEX

45
(FIVE YEARS 9)

2022 ◽  
Vol 8 ◽  
pp. 59-66
Author(s):  
Xiaoyu Wang ◽  
Tao Xu ◽  
Yunfei Mu ◽  
Zibo Wang ◽  
Youjun Deng ◽  
...  

2022 ◽  
Vol 9 ◽  
Author(s):  
Zhaofu Yang ◽  
Yongna Yuan ◽  
Qingzhi Zhang

The carbon emission trading scheme (ETS) is an essential policy tool for accomplishing Chinese carbon targets. Based on the Chinese provincial panel data from 2003 to 2019, an empirical study is conducted to measure the effects of carbon emission reduction and spatial spillover effect by adopting the difference-in-differences (DID) model and spatial difference-in-differences (SDID) model. The research findings show that: 1) The ETS effectively reduced the total carbon emissions as well as emissions from coal consumption; 2) such effects come mainly from the reduction of coal consumption and the optimization of energy structure, rather than from technological innovation and optimization of industrial structure in the pilot regions; and 3) the ETS pilot regions have a positive spatial spillover effect on non-pilot regions, indicating the acceleration effect for carbon emission reduction. Geographic proximity makes the spillover effect decrease due to carbon leakage.


2021 ◽  
Vol 107 (7) ◽  
pp. 61-71
Author(s):  
Lyudmila Koroleva ◽  

This article explores the EU's experience in finding tax revenues without compromising economic recovery. The EU's tax policy strategy envisages a stronger role for taxes in the development of a green, digital and inclusive Europe. It is recognized as fair to increase the tax burden on "polluters", digital and financial businesses, the largest corporations in the context of a single European economic space and fair tax competition of EU countries, excluding opportunities for tax base erosion. In 2021-2027 it is planned to increase the burden through the introduction of contributions on non-recycled plastic, border carbon adjustment mechanism, digital levy, financial transaction tax, revision of the CO2 emissions trading scheme. This could significantly complicate nonresident digital, financial and foreign economic activities in the EU, as well as the EU's international relations. The reform is controversial and requires revision, taking into account international agreements and the national interests of partner countries. The set of tactical measures involves updating the norms of legislation to meet the requirements of the digital economy, increasing trust and transparency in tax relations, convenience and simplicity of tax payments, and expanding cooperation between tax authorities of EU countries. The experience and prospects of the EU tax policy are significant for Russia both in terms of implementation of the best practices and in terms of timely response to possible dangers and threats related to the ongoing tax reforms in the EU.


2021 ◽  
Vol 13 (24) ◽  
pp. 13532
Author(s):  
Ling Jin ◽  
Jun-Hyeok Choi ◽  
Saerona Kim ◽  
Dong-Hoon Yang

We studied how companies’ carbon disclosures affect the cost of capital under the Chinese government’s introduction of the Emissions Trading Scheme (ETS) regulation. We also tested how much the effect varied between state-owned and private enterprises, and between polluting and non-polluting industries. Since, at its early stage, the market may perceive signals and implementations of environmental regulation as a cost burden, the effect of environmental disclosure, which is traditionally known to reduce the cost of capital, may be different. Using a comprehensive index through content analysis and targeting companies in China’s pilot ETS regions between 2011 and 2016, our study showed the following test results. First, for the companies in regions where the ETS regulation was introduced, while carbon disclosure was below a certain level, disclosure raised the cost of capital, and after carbon disclosure was sufficiently high, disclosure decreased the cost of capital. Second, this inverted-U-shaped relationship appeared in non-state-owned enterprises only, and state-owned enterprises showed a traditional linear relationship that disclosure lowers the cost of capital. Third, this non-linear relationship was statistically significant only in the non-heavy pollution industries. This study contributes to the literature in that there are limited studies on the market effects of China’s early introduction of the ETS regulation.


2021 ◽  
Vol 63 ◽  
pp. 102998
Author(s):  
Rabiya Khalid ◽  
Muhammad Waseem Malik ◽  
Turki Ali Alghamdi ◽  
Nadeem Javaid

2021 ◽  
pp. 0958305X2110645
Author(s):  
Jung Youn Mo

This study investigates the relationship among technology innovation, emission trading schemes, and carbon productivity based on data from firms participating in the Korean Emission Trading Scheme. First, the total factor carbon productivity based on stochastic frontier analysis is estimated by industry and it is confirmed that changes in carbon productivity vary by industry. Based on the estimated carbon productivity, panel data analysis is conducted to determine the effects of innovation and environmental policy on carbon productivity. The results show that R&D investment and environmental policy play an important role in promoting carbon productivity. In this study, the factors affecting carbon productivity are also analyzed by industry. Comparative analysis across industries confirms that factors affecting environmental performance vary by industry. Innovation does not significantly affect carbon productivity in assembling industries, but in the process industry, R&D investment plays an important role in increasing environmental performance.


2021 ◽  
Vol 2021 ◽  
pp. 1-13
Author(s):  
Jianwen Hu ◽  
Yuling Chen ◽  
Xiaojun Ren ◽  
Yixian Yang ◽  
Xiaobin Qian ◽  
...  

As the technical support of the industrial Internet of Things, blockchain technology has been widely used in energy trading, data transactions, and Internet of Vehicles. However, most of the existing energy trading models only address the transaction security and transaction privacy issues that arise in the energy trading process, ignoring the fairness of resource allocation and transaction equity in the trading process. In order to tackle those problems, an energy trading scheme called HO-TRAD is proposed in this paper to improve the efficiency of model trading while ensuring the fairness of energy trading. We propose a new trading strategy in the HO-TRAD energy trading scheme that guarantees fairness in the allocation of trading resources by introducing an entity’s active reputation value. Use smart contracts to achieve transparency and ensure fairness in the transaction process. Based on the identity verification foundation of the consortium chain, the scheme enhances the existing PBFT consensus algorithm and improves the efficiency of model transactions. The experimental simulation indicates that the scheme requires less transaction time and has higher transaction fairness and security.


Sign in / Sign up

Export Citation Format

Share Document