Policy Research on China’s Carbon Market Regulation Mechanism

Evolutionary pattern, operation mechanism and policy orientation of low carbon economy development

The essence of low carbon economy development is a continuous evolution and innovation process of socio-economic system from traditional high carbon economy to new sustainable green low carbon economy to achieve a sustainable dynamic balance and benign interactive development of various elements between society, economy and natural ecosystem. At the current stage, China’s socio-economy is showi...

Optimal Production Policy under the Carbon Emission Market

The aim of this paper is to address the effect of the carbon emission allowance market on the production policy of a polluter production firm. We investigate this effect in three cases; when the firm is not a large polluter, when it has a large contribution in emission of carbon but can not affect the risk premium of the allowance market, and when it is a large contributor in the emission of ca...

Carbon pricing on the Russian electricity market

The paper examines the impact of pricing carbon emissions in the Russian electricity supply industry. We …nd that emissions are reduced at any level of the carbon price. Most active fuel switching takes place at the carbon tax of 200...500 Roubles per tonne of CO2; but the e¤ect is uneven by zones. The social surplus turns out to be positive. A special case of a new interconnector "Ural Siberia...

The Impact of Carbon Cap and Trade Regulation on Congested Electricity Market Equilibrium

Greenhouse gas regulation aimed at limiting the carbon emissions from the electric power industry will affect system operations and market outcomes. The impact and the efficacy of the regulatory policy depend on interactions of demand elasticity, transmission network, market structure, and strategic behavior of generators. This paper develops an equilibrium model of an oligopoly electricity mar...

A Realistic Policy on International Carbon Offsets