DOI: 10.1016/j.enpol.2021.112374
论文题名: Macroeconomic effect of energy transition to carbon neutrality: Evidence from China's coal capacity cut policy
作者: Zhang Y. ; Shi X. ; Qian X. ; Chen S. ; Nie R.
刊名: Energy Policy
ISSN: 03014215
出版年: 2021
卷: 155 语种: 英语
中文关键词: Carbon neutrality
; Coal capacity cut
; Coal price
; DSGE model
; Energy transition
英文关键词: Carbon
; Coal
; Economics
; Environmental regulations
; Stochastic models
; Structural optimization
; Carbon neutralities
; Coal capacity cut
; Coal price
; Dynamic stochastic general equilibrium model
; Energy transitions
; General equilibrium models
; Policy makers
; Policy tools
; Short term
; Stochastics
; Stochastic systems
英文摘要: While the retirement of fossil fuel capacity is an inevitable consequence of the energy transition to carbon neutrality, policymakers face challenges in setting the pace in order that the energy transition policies do not significantly damage the economy. This paper designs a dynamic stochastic general equilibrium (DSGE) model to examine the macroeconomic effects of coal capacity cut policy (CCP) shocks on the Chinese economy. The results show that: firstly, an energy policy shock can distort the transmission effect of coal supply and demand and other factors on coal prices. Secondly, the impact of different policy tools is significantly different on the macroeconomic system, in which the economic effect of advanced capacity replacement is the weakest. Thirdly, in the short term, no matter which policy tool is adopted, the CCP will inevitably lead to a reduction in social welfare levels. The study suggests that in the short term, the Chinese government can further release more replacement quotas of capacity with advanced production efficiency, and innovate other policy tools for coal industrial structural optimization and synergistic effects with environmental regulation. In addition, the results highlight the need for market mechanisms to further accelerate the energy transition over the long run. © 2021 Elsevier Ltd Citation statistics:
资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/168115
Appears in Collections: 气候变化与战略
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作者单位: College of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing, 210016, China; Australia-China Relations Institute, University of Technology Sydney, Ultimo, NSW 2007, Australia; School of Management and Economics, Beijing Institute of Technology, Beijing, 100081, China; School of Economics and Management, China University of Mining and Technology, Xuzhou, 221116, China
Recommended Citation:
Zhang Y.,Shi X.,Qian X.,et al. Macroeconomic effect of energy transition to carbon neutrality: Evidence from China's coal capacity cut policy[J]. Energy Policy,2021-01-01,155