TY - JOUR
T1 - The Impacts of an Energy Price Decline Associated with a Carbon Tax on the Energy-Economy-Environment System in China
AU - Guo, Zhengquan
AU - Zhang, Xingping
AU - Wang, Daojuan
AU - Zhao, Xiaonan
PY - 2019
Y1 - 2019
N2 - This article conducts a computable general equilibrium model to analyze the impact of energy price decline associated with a carbon tax policy in China. The findings show that the fossil energy price decline will significantly increase fossil energy demand and carbon emissions, while carbon tax can offset the impacts, which is an alternative policy to mitigate the carbon emissions. Since the carbon tax policy will lead to relatively small negative impacts on real GDP when fossil energy price is in decline, during which it is a good opportunity for China to introduce carbon tax policy.
AB - This article conducts a computable general equilibrium model to analyze the impact of energy price decline associated with a carbon tax policy in China. The findings show that the fossil energy price decline will significantly increase fossil energy demand and carbon emissions, while carbon tax can offset the impacts, which is an alternative policy to mitigate the carbon emissions. Since the carbon tax policy will lead to relatively small negative impacts on real GDP when fossil energy price is in decline, during which it is a good opportunity for China to introduce carbon tax policy.
KW - Carbon tax
KW - computable general equilibrium model
KW - energy price
KW - energy-economy-environment system
UR - http://www.scopus.com/inward/record.url?scp=85060576653&partnerID=8YFLogxK
U2 - 10.1080/1540496X.2018.1562899
DO - 10.1080/1540496X.2018.1562899
M3 - Journal article
SN - 1540-496X
VL - 55
SP - 2689
EP - 2702
JO - Emerging Markets Finance & Trade
JF - Emerging Markets Finance & Trade
IS - 12
ER -