logo
ResearchBunny Logo
Carbon emissions cap or energy technology subsidies? Exploring the carbon reduction policy based on a multi-technology sectoral DSGE model

Environmental Studies and Forestry

Carbon emissions cap or energy technology subsidies? Exploring the carbon reduction policy based on a multi-technology sectoral DSGE model

J. Gu, Y. Li, et al.

This research conducted by Jianping Gu, Yi Li, Jingke Hong, and Lu Wang delves into the effectiveness of various carbon reduction policies in China. By employing a dynamic stochastic general equilibrium model, the study uncovers compelling insights indicating that subsidy policies may lead to more effective long-term emission reductions compared to carbon caps, with fossil fuel subsidies demonstrating noteworthy cost-efficiency.

00:00
Playback language: English
Abstract
This paper investigates the effectiveness of different carbon reduction policies in China using a multi-technology sectoral dynamic stochastic general equilibrium (DSGE) model. The study compares a carbon emission cap policy with fossil fuel and renewable energy technology subsidy policies. Findings suggest that subsidy policies are more effective for long-term emission reduction, with fossil fuel subsidies proving more cost-efficient. The paper also analyzes the impact of various economic shocks on macroeconomic growth and pollutant emissions under each policy scenario.
Publisher
Humanities and Social Sciences Communications
Published On
Jun 20, 2024
Authors
Jianping Gu, Yi Li, Jingke Hong, Lu Wang
Tags
carbon reduction policies
China
dynamic stochastic general equilibrium
emission cap
subsidy policies
macroeconomic growth
pollutant emissions

Related Publications

Explore these studies to deepen your understanding of the subject.

A generative artificial intelligence framework based on a molecular diffusion model for the design of metal-organic frameworks for carbon capture
Chemistry

A generative artificial intelligence framework based on a molecular diffusion model for the design of metal-organic frameworks for carbon capture

H. Park, X. Yan, et al.

The mining industry as a net beneficiary of a global tax on carbon emissions
Economics

The mining industry as a net beneficiary of a global tax on carbon emissions

B. Cox, S. Innis, et al.

Education in the AI era: a long-term classroom technology based on intelligent robotics
Education

Education in the AI era: a long-term classroom technology based on intelligent robotics

F. Bellas, M. Naya-varela, et al.

Model-based financial regulations impair the transition to net-zero carbon emissions
Economics

Model-based financial regulations impair the transition to net-zero carbon emissions

M. Gasparini, M. C. Ives, et al.

Listen, Learn & Level Up
Over 10,000 hours of research content in 25+ fields, available in 12+ languages.
No more digging through PDFs, just hit play and absorb the world's latest research in your language, on your time.
listen to research audio papers with researchbunny