气候变化领域集成服务门户(CCPortal): Economic efficiency of alternative border carbon adjustment schemes: A case study of California Carbon Pricing and the Western North American power market

CCPortal

DOI	10.1016/j.enpol.2021.112463
	Economic efficiency of alternative border carbon adjustment schemes: A case study of California Carbon Pricing and the Western North American power market
	Xu Q.; Hobbs B.F.
发表日期	2021
ISSN	03014215
卷号	156
英文摘要	To be effective, policies addressing power sector carbon emissions in jurisdictions that are embedded in larger carbon markets must account for carbon embodied in imports and the potential for leakage. Yet analyses of alternative border carbon adjustment (BCA) policies that carefully model the impact of generation mix, net load distributions, and transmission limits are rare in the literature. With a generation-transmission expansion planning model of Western North America, we compare the impacts of alternative BCA schemes that California's carbon pricing system could implement. These include no BCA, facility (import source)-based deemed emission rate, a facility-neutral and constant (over-time) rate, and a facility-neutral and dynamic rate. Our results suggest that, when compared to no BCA or BCA using facility-based deemed rates, a facility-neutral BCA can improve efficiency by simultaneously lowering market-wide emissions and costs without raising California consumer expenditures. Emissions leakage also declines significantly. The precise value of the deemed rate affects these gains; setting it equal to marginal emission rates external to California is most efficient. We also show that California's carbon pricing encourages more interstate transmission expansion because power imports become more profitable. However, BCAs that cost-effectively lower total regional emissions will dampen those incentives. © 2021 Elsevier Ltd
关键词	Border carbon adjustment California AB32 Carbon policy Electricity markets Market efficiency Power system expansion planning
英文关键词	Carbon; Costs; Efficiency; Electric power transmission; Expansion; Border carbon adjustment; California; California ab32; Carbon policy; Carbon pricing; Economic efficiency; Emissions rates; Market efficiency; Power; Power system expansion planning; Power markets
语种	英语
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/205415
作者单位	Whiting School of Engineering, Johns Hopkins University, 3400 N. Charles Street, Baltimore, MD 21218, United States
推荐引用方式 GB/T 7714	Xu Q.,Hobbs B.F.. Economic efficiency of alternative border carbon adjustment schemes: A case study of California Carbon Pricing and the Western North American power market[J],2021,156.
APA	Xu Q.,&Hobbs B.F..(2021).Economic efficiency of alternative border carbon adjustment schemes: A case study of California Carbon Pricing and the Western North American power market.Energy Policy,156.
MLA	Xu Q.,et al."Economic efficiency of alternative border carbon adjustment schemes: A case study of California Carbon Pricing and the Western North American power market".Energy Policy 156(2021).