Energy Policy最新文献_第4页

How does China respond to the Carbon Border Adjustment Mechanism? An approach of global trade analysis

IF 9.3 2区经济学

Energy Policy Pub Date : 2025-01-04 DOI: 10.1016/j.enpol.2024.114486

Zhe-Yi Chen , Lu-Tao Zhao , Lei Cheng , Rui-Xiang Qiu

{"title":"How does China respond to the Carbon Border Adjustment Mechanism? An approach of global trade analysis","authors":"Zhe-Yi Chen , Lu-Tao Zhao , Lei Cheng , Rui-Xiang Qiu","doi":"10.1016/j.enpol.2024.114486","DOIUrl":"10.1016/j.enpol.2024.114486","url":null,"abstract":"<div><div>The Carbon Border Adjustment Mechanism (CBAM) has sparked widespread debate recently. As a major trading partner of the European Union, China may be significantly affected by CBAM. Therefore, evaluating the impacts of CBAM and formulating corresponding solutions is significant for China to meet its emission reduction targets and sustain economic growth. Based on the computable general equilibrium framework, we evaluate the environmental and economic consequences of CBAM from a global trade perspective, with a particular focus on its impact on China. Furthermore, we explore a potential response policy by considering whether the adverse impacts of CBAM can be offset through enhanced international cooperation and exchange in low-carbon technologies. The findings reveal that although CBAM may partially curtail international carbon leakage, its contribution to worldwide emission reductions is limited. Specifically, the CBAM's effect on China is disproportionate, resulting in a welfare cost of 231 million USD for a mere 4.39 Mt emissions reduction. In contrast, the dissemination of innovative technologies through Sino-European climate partnerships could foster a more mutually beneficial outcome. It is the critical importance of climate fairness and reciprocity in the formulation of future climate policies, and unilateral approaches to global climate governance may not deliver the intended results.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"198 ","pages":"Article 114486"},"PeriodicalIF":9.3,"publicationDate":"2025-01-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143094953","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Grid tariff design and peak demand shaving: A comparative tariff analysis with simulated demand response

IF 9.3 2区经济学

Energy Policy Pub Date : 2025-01-03 DOI: 10.1016/j.enpol.2024.114475

Matthias Hofmann , Sigurd Bjarghov , Hanne Sæle , Karen Byskov Lindberg

{"title":"Grid tariff design and peak demand shaving: A comparative tariff analysis with simulated demand response","authors":"Matthias Hofmann , Sigurd Bjarghov , Hanne Sæle , Karen Byskov Lindberg","doi":"10.1016/j.enpol.2024.114475","DOIUrl":"10.1016/j.enpol.2024.114475","url":null,"abstract":"<div><div>The electrification of the energy system requires significant grid expansion, raising the question of how to defer investments through efficient utilisation of the existing grid. Cost-reflective grid tariff designs that incentivise peak demand shaving are a possible solution. Hence, this paper compares the ability of five capacity-based and energy-based tariff designs to achieve peak demand shaving, and it provides policy recommendations on tariff choice, design options and demand response potential. The analysis is conducted on the basis of real electricity consumption data from 3608 customers in a Norwegian grid area with simulated demand response. A mathematical optimisation model that minimises customers' tariff costs calculates the response to the tariff's price signals. The results show that tariff performance depends on two design characteristics: whether the tariffs target individual or grid peaks and whether peak periods are determined ex-ante or ex-post. Further, we find that energy-based tariffs, such as time-of-use and critical peak pricing, achieve the highest peak demand reduction for load shaving, but may create new and possibly very high peaks if load shifting occurs.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"198 ","pages":"Article 114475"},"PeriodicalIF":9.3,"publicationDate":"2025-01-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143099629","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Promoting energy-sharing communities: Why and how? Lessons from a Belgian pilot project

IF 9.3 2区经济学

Energy Policy Pub Date : 2025-01-03 DOI: 10.1016/j.enpol.2024.114483

Elise Viadere

引用次数: 0

Electricity transmission and its effects on resource misallocation and environmental consequences in China: An economic analysis

IF 9.3 2区经济学

Energy Policy Pub Date : 2025-01-02 DOI: 10.1016/j.enpol.2024.114490

Ruipeng Tan , Jun Li , Feng Wang , Jing Yang

引用次数: 0

Reaction of Chinese housing prices to oil prices and monetary policy shocks

IF 9.3 2区经济学

Energy Policy Pub Date : 2024-12-31 DOI: 10.1016/j.enpol.2024.114476

Bin Chen, Xingyi Zhu

{"title":"Reaction of Chinese housing prices to oil prices and monetary policy shocks","authors":"Bin Chen, Xingyi Zhu","doi":"10.1016/j.enpol.2024.114476","DOIUrl":"10.1016/j.enpol.2024.114476","url":null,"abstract":"<div><div>This study investigated the dynamic effects of oil prices and monetary policy shocks on China’s housing prices. First, the dynamic effects of oil prices and monetary policy shocks are examined using a linear structural vector autoregression (SVAR) model. Taking into account the timing of the shocks, we used a rolling-windows structural vector autoregression (Rolling-SVAR) model to reveal the time-varying effects of oil shocks on housing price. Firstly, housing prices negatively respond to aggregate demand, oil-specific demand and policy rate shocks for most of the sample period, positively respond to oil supply shocks and domestic demand shocks. Secondly, their time-varying responses differ only in terms of magnitude, rather than a signal change. The magnitude reflects the time-varying dynamic characteristics, especially during the COVID-19 period. Thirdly, from the perspective of policy intensity, the adoption of quantity-based monetary policy is better than price-based monetary policy. Lastly, housing prices responded relatively weaker to oil prices and monetary policy shocks in the COVID-19 period than in most of the pre-COVID-19 periods. However, the magnitude of the response gradually recovered with COVID-19 reopening.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"198 ","pages":"Article 114476"},"PeriodicalIF":9.3,"publicationDate":"2024-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143099645","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

How an energy policy prevents child migration: A natural experiment of the coal-to-gas policy in China

IF 9.3 2区经济学

Energy Policy Pub Date : 2024-12-28 DOI: 10.1016/j.enpol.2024.114487

Yuxin Zhu , Ziming Liu , Daniel Hermann

引用次数: 0

De-risking green hydrogen? Insights from Chile and South Africa

IF 9.3 2区经济学

Energy Policy Pub Date : 2024-12-28 DOI: 10.1016/j.enpol.2024.114485

Sören Scholvin , Anthony Black , Glen Robbins

引用次数: 0

Fuel efficiency, power trading, and emissions leakage from driving electric vehicles: Evidence from Chinese provinces

IF 9.3 2区经济学

Energy Policy Pub Date : 2024-12-27 DOI: 10.1016/j.enpol.2024.114473

Feng Wei , W.D. Walls , Xiaoli Zheng

{"title":"Fuel efficiency, power trading, and emissions leakage from driving electric vehicles: Evidence from Chinese provinces","authors":"Feng Wei , W.D. Walls , Xiaoli Zheng","doi":"10.1016/j.enpol.2024.114473","DOIUrl":"10.1016/j.enpol.2024.114473","url":null,"abstract":"<div><div>This paper investigates how driving electric vehicles redistributes tailpipe emissions and brings unintended impacts elsewhere. Using vehicle registration and electricity transmission data in China, we decompose emissions reductions of adopting an electric vehicle into three distinct effects: fuel efficiency, power trading, and emissions leakage. The fuel efficiency effect, arising from the higher energy conversion rates of electric vehicles relative to gasoline vehicles, accounts for most emissions reductions by electric vehicle adoption. The power trading effect, referring to emissions exported by outsourcing power generation used to charge electric vehicles, constitutes only a small portion of emissions reductions. The power trading effect is nearly offset by the leakage effect—the emissions increases borne by other regions, implying little nationwide gain from shifting charging power across regions. Overall, some provinces incur losses by net emissions increases, though most benefit from electric vehicle adoption. The losing provinces capture proportionally fewer benefits from local small-scale electric vehicle adoption but absorb disproportionately more emissions by supplying power used for electric vehicle charging in other areas. We show that investing in renewable power generation should be prioritized to mitigate the inequality of emissions reductions across regions in the middle and late stages of electric vehicle transition.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"198 ","pages":"Article 114473"},"PeriodicalIF":9.3,"publicationDate":"2024-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143094952","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Carbon literacy, switching cost, and consumer choice: Evidence from the new energy vehicle purchase analysis

IF 9.3 2区经济学

Energy Policy Pub Date : 2024-12-27 DOI: 10.1016/j.enpol.2024.114478

Yang Liu, Yugang Yang

引用次数: 0

Geopolitics of renewable energy development: The role of energy metals

IF 9.3 2区经济学

Energy Policy Pub Date : 2024-12-26 DOI: 10.1016/j.enpol.2024.114482

Boqiang Lin, Zongyou Zhang

{"title":"Geopolitics of renewable energy development: The role of energy metals","authors":"Boqiang Lin, Zongyou Zhang","doi":"10.1016/j.enpol.2024.114482","DOIUrl":"10.1016/j.enpol.2024.114482","url":null,"abstract":"<div><div>The transition to renewable energy (RE) necessitates a substantial increase in the supply of energy metals (EM). However, China's EM supply chains are vulnerable to geopolitical risk (GPR) due to its heavy reliance on EM imports. As an essential material for supporting the development of RE, will <span>EM</span> emerge as the new geopolitical chip during the shift towards RE? Employing the TVP-VAR-SV model, this study investigates the time-varying linkages among GPR, RE, and EM using monthly time series data spanning from December 2012 to April 2024. The findings reveal that: (1) GPR exhibits evident time-varying and predominantly exerts a negative impact on China's RE. One potential consequence of GPR is its disruption to the stability of the EM supply chain. (2) The rapid advancement of RE in China may instigate novel forms of geopolitical conflicts, with the development of EM playing a crucial role in mitigating GPR. (3) The effects of shocks stemming from GPR on RE vary across different time points. This research offers specific policy recommendations for risk prevention and strengthening China's energy security such as emphasizing diversification in EM sourcing throughout its ongoing process of transitioning to alternative sources.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"198 ","pages":"Article 114482"},"PeriodicalIF":9.3,"publicationDate":"2024-12-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143094950","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0