Positive Analysis About Effect Of Carbon Tax And Carbon Trading Policy On Electric Industry

The phenomenon of Carbon-based energy crisis, soaring prices of crude oil, coal, electricity shortage and Acid rain, smog, frequently extreme weather is common today. This is the negative effect of the human race, as the time of the rapid development of economy nearly200years by the industrial revolution based on energy consumption. After Kyoto era, developed countries must perform the obligation to reduce emissions of greenhouse gases after they enjoyed a high level of civilization. After2012, developing countries also must face mandatory emissions of reduction obligations. China is a country with high consumption of carbon-based energy, China openly promise that by2020China will reduce the carbon emissions per unit of GDP to40%-45%of the lever of2005. Under the background of globalization of the low-carbon economy, it become important that the study of impacts of carbon emission reduction policies to domestic environmental and economic. Electric industry is one of the seven major energy-intensive industries in China. Carbon tax and carbon trading policy is the most common police in the world wide, so it has a representative significance of research on the impaction on these two policies to the reduction effect and economic influence of electric industry.This paper is based on a study review, information collection and data, referred to the situation of global energy consumption and the data about greenhouse gas emissions which mainly refers to carbon dioxide. The paper reviewed the research on carbon tax and carbon trading policy at home and abroad, as well as the application of CGE model in both policies. Then use data to analysis on energy consumption of electric industry in China. This paper is divided into six chapters:1. Chapter1is a summary, this paper analyze the background and significance of this topic based on reading a large number of reference, as well as a review to the research related to this topic at home and abroad. In addition, provide an overview of this research possible point of innovation and deficiencies.2. Chapter2is the theoretical basis of the article, it consists primarily of low carbon economy concepts, basic concepts of CGE models, introduction to the basic concepts of the carbon tax and carbon trading, overview of basic theories of EU emissions trading scheme (EU ETS) and the clean development mechanism (CDM), and the reason why selected these economic indicators to measure the electric industry.3. Chapter3and chapter4is the modeling and data analysis of the article. Use data from2007Input-output tables and Statistical Yearbook2009in China, construct SAM matrix as the basic data of this paper, respectively simulate the carbon tax and carbon trading policy, establish the CGE model and analyze the results.4. Chapter4in this paper base on the EU emissions trading scheme, as well as other international carbon trading scheme, assuming Chinese carbon trade policy options, establish model to research the simulation, is one of the possible innovations of this article.5. Chapter5and chapter6are the policy recommendations and conclusions of the article part, this part compare the results of the models for carbon tax and carbon trading. Then provide policy recommendations, give a summary for the whole paper and prospects of low-carbon economic development and research.Studies have shown that carbon tax has a obvious effect on carbon emissions reduction, it can effectively reduce energy demand, but in the short term, carbon tax have an impact on the development of the electric industry. Electric industry will adjust price and yield of electricity, some carbon tax shift to consumers, through this transmission; it will influence the level of consumption. In the long-term, carbon taxes can encourage enterprises to upgrade industrial structure, reduction of high-carbon energy to lower costs, so as to achieve the emission reduction target. The restriction emissions of electric industry and carbon trading policy mean an overall control of carbon emissions to all the enterprises. Give these enterprises some free emission quotas and other quota is traded in the market. It is shown that this policy can control emissions, but companies in china could buy the emission quota in the international market, because carbon trading market is an open market. Thus, the effect of reduction to demand for energy has a connection with overall control and the price of carbon trading in the domestic and international market. Refer to currently trading price in international market; the incentive effect of carbon trading policy is relatively weak.After comparative analysis and Chinese national conditions and the international emission reduction experiences in this paper, it is believed that carbon trading policy has its inevitability, but in the short term, the effect of emissions reduction will not very obvious. It is proposed that carbon trading policy and carbon tax should be implemented together. It will be in favor of the balance development of carbon emission reduction and economic development even more.