We examine the challenges and opportunities to introduce emissions trading (ETS) in China’s electricity sector, in which the interaction between ETS and electricity market reform plays a major role. China’s electricity sector is currently in a slow progress towards a more competitive and market-based system. Both equal share dispatching policy and regulated wholesale and retail pricing policies...

The Australian government has announced to price carbon at an initial price of $23 per tonne. Despite detailed modelling undertaken by the Commonwealth Treasury, there is widespread speculation about the possible economic impact of a carbon tax in Australia. In this paper we build a computable general equilibrium (CGE) model incorporating many new features to deal with the issue of emissions an...

We conducted preference assessments with 4 typically developing children to identify potential reinforcers and assessed the reinforcing efficacy of those stimuli. Next, we tested two predictions of economic theory: that overall consumption (reinforcers obtained) would decrease as the unit price (response requirement per reinforcer) increased and that the cost and benefit components that defined...

In this paper we explore the incentives of low income agricultural producers to adopt soil carbon sequestration, focusing particularly on the impact of risk. A dynamic optimization model of the farm level decision to adopt conservation is then presented, where farmers’ optimize over the expected utility of profits from agricultural and carbon sequestration activities. Carbon sequestration adopt...

Abstract Economists have for decades recommended that carbon dioxide and other greenhouse gases be taxed – or otherwise priced to provide incentives their reduction. The USA does not a federal tax; however, many state programs reduce emissions effectively price example, through cap-and-trade systems regulations. There are also subsidize reductions in emissions. At the 2022 meetings of American ...

CCS (carbon dioxide capture and storage) is an issue which has received increasing attention in the debate on climate change over the last several years because of its relative technical simplicity and very large potential in reducing carbon dioxide emissions. The absence of secondary benefits and uncertainties associated with this approach, however, would require analysts to conduct fine costb...

This paper aims to analyse the economy-wide implications of a carbon tax applied on the Chilean electricity generation sector. In order to analyse the macroeconomic impacts, both an energy sectorial model and a Dynamic Stochastic General Equilibrium model have been used. During the year 2014 a carbon tax of 5 US$/tCO2e was approved in Chile. This tax and its increases (10, 20, 30, 40 and 50 US$...

and Carbon Emission Constraints Xiao-qing Zhang Xi-gang Yuan (1. The School of Statistics Southwestern University of Finance and Economics Chengdu 611130, P.R. China (2. The School of Statistics Southwestern University of Finance and Economics Chengdu 611130, P.R. China) Abstract: In this paper, we discuss the government’s reward and penalty mechanism in the presence of asymmetric information a...

This paper describes a computer simulation analysis of carbon dioxide emissions in the electric power system in the western United States. Legislation at both the state and federal level would impose a price on emissions via cap-and-trade in allowances for carbon dioxide emissions. The simulation scenarios for the western system indicate that dramatic reductions in emissions are possible with g...