Understanding the Interactions between Emissions Trading Systems and Renewable Energy Standards Using a Multi-Regional CGE Model of China
Many countries have introduced policy measures, such as carbon pricing, greenhouse gas offsetting mechanisms, renewable energy standards, and energy efficiency improvements, to achieve their climate change mitigation targets. However, in many insta...
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| Format: | Working Paper |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/260221501786888730/Understanding-the-interactions-between-emissions-trading-systems-and-renewable-energy-standards-using-a-multi-regional-CGE-model-of-China http://hdl.handle.net/10986/27965 |
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okr-10986-279652021-06-08T14:42:48Z Understanding the Interactions between Emissions Trading Systems and Renewable Energy Standards Using a Multi-Regional CGE Model of China Fan, Ying Wu, Jie Timilsina, Govinda Xia, Yan EMISSIONS TRADING SCHEME RENEWABLE ENERGY CGE MODELS CLIMATE CHANGE MITIGATION Many countries have introduced policy measures, such as carbon pricing, greenhouse gas offsetting mechanisms, renewable energy standards, and energy efficiency improvements, to achieve their climate change mitigation targets. However, in many instances, these measures overlap in ways that may dilute each policy's greenhouse gas reduction potential. This study examines how a renewable energy standard in the power sector would interact with a national emission trading scheme that is introduced to achieve a greenhouse gas mitigation target. Using a static, multiregional computable general equilibrium model of China to simulate policy measures, the study finds that the addition of a separate renewable energy standard policy would increase the economic cost for achieving a target level of greenhouse gas mitigation. The study concludes that although renewable energy standard policies promote the use of renewable energies, they are an economic burden from the perspective of reducing greenhouse gas emissions if a carbon pricing mechanism is in place. 2017-08-24T20:45:19Z 2017-08-24T20:45:19Z 2017-08 Working Paper http://documents.worldbank.org/curated/en/260221501786888730/Understanding-the-interactions-between-emissions-trading-systems-and-renewable-energy-standards-using-a-multi-regional-CGE-model-of-China http://hdl.handle.net/10986/27965 English en_US Policy Research Working Paper;No. 8159 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper East Asia and Pacific China |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
EMISSIONS TRADING SCHEME RENEWABLE ENERGY CGE MODELS CLIMATE CHANGE MITIGATION |
| spellingShingle |
EMISSIONS TRADING SCHEME RENEWABLE ENERGY CGE MODELS CLIMATE CHANGE MITIGATION Fan, Ying Wu, Jie Timilsina, Govinda Xia, Yan Understanding the Interactions between Emissions Trading Systems and Renewable Energy Standards Using a Multi-Regional CGE Model of China |
| geographic_facet |
East Asia and Pacific China |
| relation |
Policy Research Working Paper;No. 8159 |
| description |
Many countries have introduced policy
measures, such as carbon pricing, greenhouse gas offsetting
mechanisms, renewable energy standards, and energy
efficiency improvements, to achieve their climate change
mitigation targets. However, in many instances, these
measures overlap in ways that may dilute each policy's
greenhouse gas reduction potential. This study examines how
a renewable energy standard in the power sector would
interact with a national emission trading scheme that is
introduced to achieve a greenhouse gas mitigation target.
Using a static, multiregional computable general equilibrium
model of China to simulate policy measures, the study finds
that the addition of a separate renewable energy standard
policy would increase the economic cost for achieving a
target level of greenhouse gas mitigation. The study
concludes that although renewable energy standard policies
promote the use of renewable energies, they are an economic
burden from the perspective of reducing greenhouse gas
emissions if a carbon pricing mechanism is in place. |
| format |
Working Paper |
| author |
Fan, Ying Wu, Jie Timilsina, Govinda Xia, Yan |
| author_facet |
Fan, Ying Wu, Jie Timilsina, Govinda Xia, Yan |
| author_sort |
Fan, Ying |
| title |
Understanding the Interactions between Emissions Trading Systems and Renewable Energy Standards Using a Multi-Regional CGE Model of China |
| title_short |
Understanding the Interactions between Emissions Trading Systems and Renewable Energy Standards Using a Multi-Regional CGE Model of China |
| title_full |
Understanding the Interactions between Emissions Trading Systems and Renewable Energy Standards Using a Multi-Regional CGE Model of China |
| title_fullStr |
Understanding the Interactions between Emissions Trading Systems and Renewable Energy Standards Using a Multi-Regional CGE Model of China |
| title_full_unstemmed |
Understanding the Interactions between Emissions Trading Systems and Renewable Energy Standards Using a Multi-Regional CGE Model of China |
| title_sort |
understanding the interactions between emissions trading systems and renewable energy standards using a multi-regional cge model of china |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/260221501786888730/Understanding-the-interactions-between-emissions-trading-systems-and-renewable-energy-standards-using-a-multi-regional-CGE-model-of-China http://hdl.handle.net/10986/27965 |
| _version_ |
1764466248591081472 |