A permit trading scheme for facilitating energy transition: A case study of coal capacity control in China

Shi, X; Wang, K; Shen, Y; Sheng, Y; Zhang, Y

A permit trading scheme for facilitating energy transition: A case study of coal capacity control in China

Shi, X

Wang, K Shen, Y Sheng, Y Zhang, Y

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Publisher:: ELSEVIER SCI LTD
Publication Type:: Journal Article
Citation:: Journal of Cleaner Production, 2020, 256
Issue Date:: 2020-05-20

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Field	Value	Language
dc.contributor.author	Shi, X https://orcid.org/0000-0001-9653-7395
dc.contributor.author	Wang, K
dc.contributor.author	Shen, Y
dc.contributor.author	Sheng, Y
dc.contributor.author	Zhang, Y
dc.date.accessioned	2021-02-01T23:13:19Z
dc.date.available	2021-02-01T23:13:19Z
dc.date.issued	2020-05-20
dc.identifier.citation	Journal of Cleaner Production, 2020, 256
dc.identifier.issn	0959-6526
dc.identifier.issn	1879-1786
dc.identifier.uri	http://hdl.handle.net/10453/145720
dc.description.abstract	© 2020 Elsevier Ltd Restriction the production and consumption of fossil fuels is a necessary part in the energy transition. How to implement such restriction effectively is an issue that is of public interest to both academia and policy makers. Using production data of more than 1100 coal mines in China, we show that a capacity permit trading system originated from cap and trade practice could help the coal industry to save more than 30 percent of inputs and increase income by 26 percent. The results also demonstrate that the permit trading will lead to Pareto improvement for all participating provinces when compared with the capacity control administratively, and the accumulative welfare will increase as the trading zone is enlarged. The study suggests that adopting the permit trading schemes for capping policies is economically beneficial and politically feasible.
dc.language	English
dc.publisher	ELSEVIER SCI LTD
dc.relation.ispartof	Journal of Cleaner Production
dc.relation.isbasedon	10.1016/j.jclepro.2020.120472
dc.rights	info:eu-repo/semantics/embargoedAccess
dc.subject	0907 Environmental Engineering, 0910 Manufacturing Engineering, 0915 Interdisciplinary Engineering
dc.subject.classification	Environmental Sciences
dc.title	A permit trading scheme for facilitating energy transition: A case study of coal capacity control in China
dc.type	Journal Article
utslib.citation.volume	256
utslib.for	0907 Environmental Engineering
utslib.for	0910 Manufacturing Engineering
utslib.for	0915 Interdisciplinary Engineering
pubs.organisational-group	/University of Technology Sydney/DVC (International)
pubs.organisational-group	/University of Technology Sydney/DVC (International)/Australia-China Relations Institute
pubs.organisational-group	/University of Technology Sydney
utslib.copyright.status	open_access	*
utslib.copyright.embargo	2022-05-01T00:00:00+1000Z
dc.date.updated	2021-02-01T23:13:13Z
pubs.publication-status	Published
pubs.volume	256

Abstract:

© 2020 Elsevier Ltd Restriction the production and consumption of fossil fuels is a necessary part in the energy transition. How to implement such restriction effectively is an issue that is of public interest to both academia and policy makers. Using production data of more than 1100 coal mines in China, we show that a capacity permit trading system originated from cap and trade practice could help the coal industry to save more than 30 percent of inputs and increase income by 26 percent. The results also demonstrate that the permit trading will lead to Pareto improvement for all participating provinces when compared with the capacity control administratively, and the accumulative welfare will increase as the trading zone is enlarged. The study suggests that adopting the permit trading schemes for capping policies is economically beneficial and politically feasible.

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http://hdl.handle.net/10453/145720