气候变化领域集成服务门户(CCPortal): Distortion effects of emissions trading system on intra-sector competition and carbon leakage: A case study of China

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DOI	10.1016/j.enpol.2019.111126
	Distortion effects of emissions trading system on intra-sector competition and carbon leakage: A case study of China
	Zhang P.; Yin G.; Duan M.
发表日期	2020
ISSN	0301-4215
卷号	137
英文摘要	Emissions Trading System (ETS) only regulates above-threshold emission sources in the covered sectors due of administrative costs consideration. Due to differentiated cost burdens on regulated- and unregulated-emission sources, ETS may give rise to intra-sector competition distortion and carbon leakage within a regulated sector. For developing countries where the industrial concentration is relatively low, such defects are more significant since unregulated emission sources as a whole accounts for an unneglectable portion of the regulated emission sectors' total production capacity and emissions. By applying a theoretical model, we conclude that unintended transfer payment from regulated emission sources' capital factor to unregulated emission sources’ labor factor causes intra-sector competition distortion. We find that the labor factor cost within a regulated sector remains homogeneous, while the homogeneity of capital factor cost is broken by ETS, causing unintended transfer payment. We have developed the I-SEE (Intra-Sector Equilibrium Evaluation) model to quantitatively assess the intra-sector effect caused by ETS. We suggest that sufficient attention should be paid to balancing the environmental costs borne by regulated and unregulated emission sources in ETS design to avoid unintended transfer payment. A properly designed carbon tax can help correct the intra-sector distortion caused by ETS. © 2019 Elsevier Ltd
英文关键词	Carbon leakage; Carbon tax; Competition distortion; Emissions trading system (ETS); Intra-sector transfer payment
语种	英语
scopus关键词	Carbon; Commerce; Developing countries; Emission control; Carbon leakage; Carbon taxes; Emissions trading system; Environmental costs; Production capacity; Theoretical modeling; Transfer payment; Unregulated emissions; Costs; developing world; emissions trading; environmental economics; leakage; pollution tax; China
来源期刊	Energy policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/124919
作者单位	Institute of Energy, Environment and Economy, Tsinghua University, Beijing, 100084, China
推荐引用方式 GB/T 7714	Zhang P.,Yin G.,Duan M.. Distortion effects of emissions trading system on intra-sector competition and carbon leakage: A case study of China[J],2020,137.
APA	Zhang P.,Yin G.,&Duan M..(2020).Distortion effects of emissions trading system on intra-sector competition and carbon leakage: A case study of China.Energy policy,137.
MLA	Zhang P.,et al."Distortion effects of emissions trading system on intra-sector competition and carbon leakage: A case study of China".Energy policy 137(2020).