Carbon allowance auction design of China's emissions trading scheme: A multi-agent-based approach

doi:10.1016/j.enpol.2016.11.041

CSpace > 系统科学研究所

	Carbon allowance auction design of China's emissions trading scheme: A multi-agent-based approach
	Tang, Ling 1,2; Wu, Jiaqian 3; Yu, Lean 2; Bao, Qin4
	2017-03-01
发表期刊	ENERGY POLICY
ISSN	0301-4215
卷号	102 页码:30-40
摘要	In this paper, a multi-agent-based ETS simulation model is proposed for carbon allowance auction design in China. In the proposed model, two main agents, i.e., the government (the ETS implementer) and the firms in different sectors (the ETS targets), are considered. Under the ETS policy, all agents make various decisions individually according to their own goals, and interact with each other through three main markets: the commodity market, the primary carbon auction market and the secondary carbon trading market. Different popular auction designs are introduced into the ETS formulation to offer helpful insights into China's ETS design. (1) Generally, the ETS would lead to positive effects on China's carbon mitigation and energy structure improvement, but a negative impact on economy. (2) As for auction forms, the uniform-price design is relatively moderate, while the discriminative-price design is quite aggressive in both economic damage and emissions reduction. (3) As for carbon price, the uniform-price auction might generate a slightly higher market clearing price than the discriminative-price auction, and the prices under two auction rules fluctuate about RMB 40 per metric ton. (4) As for carbon cap, the total allowances in the carbon auction market should be carefully set to well balance economic growth and mitigation effect.
关键词	Emissions trading scheme (ETS) Carbon auction market Allowance allocation Emissions reduction Multi-agent-based model
DOI	10.1016/j.enpol.2016.11.041
语种	英语
资助项目	National Program on Key Research Project of China[2016YFF0204400] ; National Science Fund for Distinguished Young Scholars (NSFC)[71025005] ; National Natural Science Foundation of China (NSFC)[71622011] ; National Natural Science Foundation of China (NSFC)[71433001] ; National Natural Science Foundation of China (NSFC)[71301006] ; National Natural Science Foundation of China (NSFC)[71203214] ; National Program for Support of Top-Notch Young Professionals ; Fundamental Research Funds for the Central Universities in BUCT
WOS研究方向	Energy & Fuels ; Environmental Sciences & Ecology
WOS类目	Energy & Fuels ; Environmental Sciences ; Environmental Studies
WOS记录号	WOS:000397357200005
出版者	ELSEVIER SCI LTD
引用统计
文献类型	期刊论文
条目标识符	http://ir.amss.ac.cn/handle/2S8OKBNM/25079
专题	系统科学研究所
通讯作者	Yu, Lean
作者单位	1.Beihang Univ, Sch Econ & Management, Beijing 100091, Peoples R China 2.Beijing Univ Chem Technol, Sch Econ & Management, Beijing 100029, Peoples R China 3.Chinese Acad Sci, Inst Sci & Dev, Beijing 100190, Peoples R China 4.Chinese Acad Sci, Acad Math & Syst Sci, Beijing 100190, Peoples R China
推荐引用方式 GB/T 7714	Tang, Ling,Wu, Jiaqian,Yu, Lean,et al. Carbon allowance auction design of China's emissions trading scheme: A multi-agent-based approach[J]. ENERGY POLICY,2017,102:30-40.
APA	Tang, Ling,Wu, Jiaqian,Yu, Lean,&Bao, Qin.(2017).Carbon allowance auction design of China's emissions trading scheme: A multi-agent-based approach.ENERGY POLICY,102,30-40.
MLA	Tang, Ling,et al."Carbon allowance auction design of China's emissions trading scheme: A multi-agent-based approach".ENERGY POLICY 102(2017):30-40.