The emission reduction effect and economic impact of an energy tax vs. a carbon tax in China : a dynamic CGE model analysis


Autoria(s): Zou, Lele; Xue, Jinjun; Fox, Alan; Meng, Bo; Shibata, Tsubasa
Data(s)

27/04/2015

27/04/2015

01/01/2015

Resumo

Chinese government commits to reach its peak carbon emissions before 2030, which requires China to implement new policies. Using a CGE model, this study conducts simulation studies on the functions of an energy tax and a carbon tax and analyzes their effects on macro-economic indices. The Chinese economy is affected at an acceptable level by the two taxes. GDP will lose less than 0.8% with a carbon tax of 100, 50, or 10 RMB/ton CO2 or 5% of the delivery price of an energy tax. Thus, the loss of real disposable personal income is smaller. Compared with implementing a single tax, a combined carbon and energy tax induces more emission reductions with relatively smaller economic costs. With these taxes, the domestic competitiveness of energy intensive industries is improved. Additionally, we found that the sooner such taxes are launched, the smaller the economic costs and the more significant the achieved emission reductions.

Identificador

IDE Discussion Paper. No. 487. 2015.1

http://hdl.handle.net/2344/1459

IDE Discussion Paper

487

Idioma(s)

en

eng

Publicador

Institute of Developing Economies, JETRO

日本貿易振興機構アジア経済研究所

Palavras-Chave #China #Energy policy #Environmental policy #Taxation #Climatic change #Econometric model #Economic conditions #Energy tax #Carbon tax #Climate change #CGE model #Energy intensive industry #519.1 #AECC China 中国 #C13 - Estimation #C15 - Statistical Simulation Methods; #E37 - Forecasting and Simulation #J21 - Labor Force and Employment, Size, and Structure #K32 - Environmental, Health, and Safety Law #Q54 - Climate; Natural Disasters #C54 - Quantitative Policy Modeling #O44 - Environment and Growth
Tipo

Working Paper

Technical Report