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Impacts of Border Carbon Adjustments on China’s Sectoral Emissions: Simulations with a Dynamic Computable General Equilibrium Model AgEcon
Bao, Qin; Tang, Ling; Zhang, ZhongXiang; Qiao, Han; Wang, Shouyang.
Carbon-based border tax adjustments (BTAs) have recently been proposed by some OECD countries to level the carbon playing field and target major emerging economies. This paper applies a multi-sector dynamic computable general equilibrium (CGE) model to estimate the impacts of the BTAs implemented by US and EU on China’s sectoral carbon emissions. The results indicate that BTAs will cut down export prices and transmit the effects to the whole economy, reducing sectoral output-demands from both supply side and demand side. On the supply side, sectors might substitute away from exporting toward domestic market, increasing sectoral supply; while on the demand side, the domestic income may be strikingly cut down due to the decrease in export price, decreasing...
Tipo: Working Paper Palavras-chave: Border Carbon Tax Adjustments; Computable General Equilibrium Model; Carbon Emissions; Environmental Economics and Policy; D58; F18; Q43; Q48; Q52; Q54; Q56; Q58.
Ano: 2011 URL: http://purl.umn.edu/120044
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