| Policy design and performance of emissions trading markets: an adaptive agent-based analysis. | |
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MedLine Citation:
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PMID: 20590153 Owner: NLM Status: MEDLINE |
Abstract/OtherAbstract:
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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 (SO2) emissions trading applying the agent-based model was constructed. The performance of the Jiangsu SO2 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 SO2 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. |
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Authors:
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Zhang Bing; Yu Qinqin; Bi Jun |
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Publication Detail:
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Type: Journal Article; Research Support, Non-U.S. Gov't |
Journal Detail:
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Title: Environmental science & technology Volume: 44 ISSN: 1520-5851 ISO Abbreviation: Environ. Sci. Technol. Publication Date: 2010 Aug |
Date Detail:
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Created Date: 2010-07-29 Completed Date: 2010-12-28 Revised Date: - |
Medline Journal Info:
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Nlm Unique ID: 0213155 Medline TA: Environ Sci Technol Country: United States |
Other Details:
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Languages: eng Pagination: 5693-9 Citation Subset: IM |
Affiliation:
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State Key Laboratory of Pollution Control and Resource Reuse, School of Environment, Nanjing University, Nanjing 210093, PR China. |
Export Citation:
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APA/MLA Format Download EndNote Download BibTex |
| MeSH Terms | |
Descriptor/Qualifier:
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Air Pollution
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economics,
prevention & control* Environmental Policy Licensure Marketing / methods* Models, Chemical Models, Economic Policy Making Public Policy* Sulfur Dioxide / analysis* Taxes |
| Chemical | |
Reg. No./Substance:
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7446-09-5/Sulfur Dioxide |
From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine
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