Yuan-Ying Chi , Yang-Yi Zhang , Bao-Liu Liu , Meng-Wan Zhang , Jia-Lin Li , Guo-Zheng Li
{"title":"中国CCER市场重启的综合效应评估——基于CGE和GAINS模型的耦合","authors":"Yuan-Ying Chi , Yang-Yi Zhang , Bao-Liu Liu , Meng-Wan Zhang , Jia-Lin Li , Guo-Zheng Li","doi":"10.1016/j.accre.2025.01.007","DOIUrl":null,"url":null,"abstract":"<div><div>China's relaunch of the Certified Voluntary Emission Reduction (CCER) market is essential to the operation of the carbon emission trading market. Traditional single policy effect evaluation models cannot comprehensively reflect the economic and environmental impacts brought about by China's restart of the CCER market. To effectively assess the comprehensive policy effects of introducing the CCER into the carbon trading mechanism in the power industry, it is necessary to construct a coupled model for policy effect evaluation. Therefore, against the backdrop of China's restart of the CCER market and utilizing China's 2020 input–output table, we have developed a comprehensive assessment model. This model couples a dynamic recursive computable general equilibrium model with a greenhouse gas and air pollution interactions and synergies model to analyze the effects of introducing CCERs into the carbon trading mechanism in the power industry on the economy, energy, residents' welfare, and environmental health. Results show that restarting the CCER market leads to a gradual increase in the gap between the price of carbon allowances and the price of CCERs. Carbon trading and the CCER mechanism exert a considerable inhibiting effect on the growth of total energy consumption, and the proportion of nonfossil energy on the consumption side is forecasted to exceed 80% by 2060. In terms of residents' welfare, the introduction of CCERs into the carbon trading mechanism does not substantially improve the welfare level of residents but drastically reduces the level of residents' carbon emissions. Furthermore, this study confirms that CCER restart can successfully stimulate pollutant emission reduction and effectively reduce the number of attributable deaths, which in turn enhances health benefits. We also provide targeted recommendations for the restart of the CCER market regarding the proportion of CCER offsets, the structure of population consumption, and regional emission reduction policies to help facilitate the smooth operation of the carbon trading market.</div></div>","PeriodicalId":48628,"journal":{"name":"Advances in Climate Change Research","volume":"16 2","pages":"Pages 433-445"},"PeriodicalIF":6.4000,"publicationDate":"2025-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Assessing the combined effect of China's restarting of the CCER market: Coupling of CGE and GAINS models\",\"authors\":\"Yuan-Ying Chi , Yang-Yi Zhang , Bao-Liu Liu , Meng-Wan Zhang , Jia-Lin Li , Guo-Zheng Li\",\"doi\":\"10.1016/j.accre.2025.01.007\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>China's relaunch of the Certified Voluntary Emission Reduction (CCER) market is essential to the operation of the carbon emission trading market. Traditional single policy effect evaluation models cannot comprehensively reflect the economic and environmental impacts brought about by China's restart of the CCER market. To effectively assess the comprehensive policy effects of introducing the CCER into the carbon trading mechanism in the power industry, it is necessary to construct a coupled model for policy effect evaluation. Therefore, against the backdrop of China's restart of the CCER market and utilizing China's 2020 input–output table, we have developed a comprehensive assessment model. This model couples a dynamic recursive computable general equilibrium model with a greenhouse gas and air pollution interactions and synergies model to analyze the effects of introducing CCERs into the carbon trading mechanism in the power industry on the economy, energy, residents' welfare, and environmental health. Results show that restarting the CCER market leads to a gradual increase in the gap between the price of carbon allowances and the price of CCERs. Carbon trading and the CCER mechanism exert a considerable inhibiting effect on the growth of total energy consumption, and the proportion of nonfossil energy on the consumption side is forecasted to exceed 80% by 2060. In terms of residents' welfare, the introduction of CCERs into the carbon trading mechanism does not substantially improve the welfare level of residents but drastically reduces the level of residents' carbon emissions. Furthermore, this study confirms that CCER restart can successfully stimulate pollutant emission reduction and effectively reduce the number of attributable deaths, which in turn enhances health benefits. We also provide targeted recommendations for the restart of the CCER market regarding the proportion of CCER offsets, the structure of population consumption, and regional emission reduction policies to help facilitate the smooth operation of the carbon trading market.</div></div>\",\"PeriodicalId\":48628,\"journal\":{\"name\":\"Advances in Climate Change Research\",\"volume\":\"16 2\",\"pages\":\"Pages 433-445\"},\"PeriodicalIF\":6.4000,\"publicationDate\":\"2025-04-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Advances in Climate Change Research\",\"FirstCategoryId\":\"89\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1674927825000310\",\"RegionNum\":1,\"RegionCategory\":\"地球科学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"ENVIRONMENTAL SCIENCES\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Advances in Climate Change Research","FirstCategoryId":"89","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1674927825000310","RegionNum":1,"RegionCategory":"地球科学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ENVIRONMENTAL SCIENCES","Score":null,"Total":0}
Assessing the combined effect of China's restarting of the CCER market: Coupling of CGE and GAINS models
China's relaunch of the Certified Voluntary Emission Reduction (CCER) market is essential to the operation of the carbon emission trading market. Traditional single policy effect evaluation models cannot comprehensively reflect the economic and environmental impacts brought about by China's restart of the CCER market. To effectively assess the comprehensive policy effects of introducing the CCER into the carbon trading mechanism in the power industry, it is necessary to construct a coupled model for policy effect evaluation. Therefore, against the backdrop of China's restart of the CCER market and utilizing China's 2020 input–output table, we have developed a comprehensive assessment model. This model couples a dynamic recursive computable general equilibrium model with a greenhouse gas and air pollution interactions and synergies model to analyze the effects of introducing CCERs into the carbon trading mechanism in the power industry on the economy, energy, residents' welfare, and environmental health. Results show that restarting the CCER market leads to a gradual increase in the gap between the price of carbon allowances and the price of CCERs. Carbon trading and the CCER mechanism exert a considerable inhibiting effect on the growth of total energy consumption, and the proportion of nonfossil energy on the consumption side is forecasted to exceed 80% by 2060. In terms of residents' welfare, the introduction of CCERs into the carbon trading mechanism does not substantially improve the welfare level of residents but drastically reduces the level of residents' carbon emissions. Furthermore, this study confirms that CCER restart can successfully stimulate pollutant emission reduction and effectively reduce the number of attributable deaths, which in turn enhances health benefits. We also provide targeted recommendations for the restart of the CCER market regarding the proportion of CCER offsets, the structure of population consumption, and regional emission reduction policies to help facilitate the smooth operation of the carbon trading market.
期刊介绍:
Advances in Climate Change Research publishes scientific research and analyses on climate change and the interactions of climate change with society. This journal encompasses basic science and economic, social, and policy research, including studies on mitigation and adaptation to climate change.
Advances in Climate Change Research attempts to promote research in climate change and provide an impetus for the application of research achievements in numerous aspects, such as socioeconomic sustainable development, responses to the adaptation and mitigation of climate change, diplomatic negotiations of climate and environment policies, and the protection and exploitation of natural resources.