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Policy Design and Performance of Emissions Trading Markets: An Adaptive Agent-Based Analysis

机译：排放交易市场的政策设计和绩效：基于自适应主体的分析

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摘要

Emissions trading is considered to be a cost-effective environmental economic instrument for pollution control. However, the pilot emissions trading programs in China have failed to bring remarkable success in the campaign for pollution control. The policy design of an emissions trading program is found to have a decisive impact on its performance. In this study, an artificial market for sulfur dioxide (SO_2) emissions trading applying the agent-based model was constructed. The performance of the Jiangsu SO_2 emissions trading market under different policy design scenario was also examined. Results show that the market efficiency of emissions trading is significantly affected by policy design and existing policies. China's coal-electricity price system is the principal factor influencing the performance of the SO_2 emissions trading market Transaction costs would also reduce market efficiency. In addition, current-level emissions discharge fee/tax and banking mechanisms do not distinctly affect policy performance. Thus, applying emissions trading in emission control in China should consider policy design and interaction with other existing policies.
机译：排放交易被认为是控制污染的一种经济有效的环境经济手段。但是，中国的试点排放交易计划未能在污染控制运动中取得显著成就。发现排放权交易计划的政策设计对其绩效具有决定性影响。在这项研究中，使用基于代理的模型构建了一个二氧化硫（SO_2）排放交易的人工市场。还研究了江苏省SO_2排放交易市场在不同政策设计方案下的表现。结果表明，排放交易的市场效率受到政策设计和现有政策的显着影响。中国的煤电价格体系是影响SO_2排放交易市场表现的主要因素。交易成本也会降低市场效率。另外，当前水平的排放排放费/税和银行机制不会明显影响政策绩效。因此，将排放权交易应用于中国的排放控制应考虑政策设计以及与其他现有政策的相互作用。

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  • 来源
    《Environmental Science & Technology》 |2010年第15期|p.5693-5699|共7页
  • 作者

    ZHANG BING; rnYU QINQIN; rnBI JUN;

  • 作者单位

    State Key Laboratory of Pollution Control and Resource Reuse. School of Environment, Nanjing University,Nanjing 210093, PR China;

    rnState Key Laboratory of Pollution Control and Resource Reuse. School of Environment, Nanjing University,Nanjing 210093, PR China;

    rnState Key Laboratory of Pollution Control and Resource Reuse. School of Environment, Nanjing University,Nanjing 210093, PR China;

  • 收录信息 美国《科学引文索引》(SCI);美国《工程索引》(EI);美国《生物学医学文摘》(MEDLINE);美国《化学文摘》(CA);
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  • 正文语种 eng
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