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Author:

Zhao, Lixiang (Zhao, Lixiang.) (Scholars:赵立祥) | Yang, Chuxiao (Yang, Chuxiao.)

Indexed by:

CPCI-S EI Scopus CPCI-SSH

Abstract:

We employ an extended dynamic stochastic general equilibrium (DSGE) model with Chinese macroeconomic data to evaluate suitable carbon mitigation policies in China. The results show that the carbon tax has a greater economic impact with a shorter duration, which is suitable for the rigorous reduction target. The carbon trading scheme has a relatively small impact on the economy and is more suitable for long-term emission reduction demand. Energy consumption structural adjustment promotes carbon emission reduction and technology shock dominates in macroeconomic fluctuation when the economy faces multiple different exogenous shocks.

Keyword:

carbon trading scheme carbon tax DSGE energy low-carbonization

Author Community:

  • [ 1 ] [Zhao, Lixiang]Beijing Univ Technol, Coll Econ & Management, Beijing 100124, Peoples R China
  • [ 2 ] [Yang, Chuxiao]Beijing Univ Technol, Coll Econ & Management, Beijing 100124, Peoples R China

Reprint Author's Address:

  • 赵立祥

    [Zhao, Lixiang]Beijing Univ Technol, Coll Econ & Management, Beijing 100124, Peoples R China

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Source :

ICEME 2019: 019 10TH INTERNATIONAL CONFERENCE ON E-BUSINESS, MANAGEMENT AND ECONOMICS

Year: 2019

Page: 1-5

Language: English

Cited Count:

WoS CC Cited Count: 32

SCOPUS Cited Count:

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 7

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