Design of Combined Auction Model for Emission Rights of International Forestry Carbon Sequestration and Other Pollutants Based on SMRA

Hongpeng Guo, Zhihao Lv, Junyi Hua, Hongxu Yuan and Qingyu Yu
Additional contact information
Hongpeng Guo: College of Biological and Agricultural Engineering, Jilin University, Changchun 130022, China
Zhihao Lv: College of Biological and Agricultural Engineering, Jilin University, Changchun 130022, China
Junyi Hua: College of Biological and Agricultural Engineering, Jilin University, Changchun 130022, China
Hongxu Yuan: College of Biological and Agricultural Engineering, Jilin University, Changchun 130022, China
Qingyu Yu: College of Biological and Agricultural Engineering, Jilin University, Changchun 130022, China

Sustainability, 2021, vol. 13, issue 20, 1-18

Abstract: In this paper, the combined transactions for emission rights of international carbon sequestration and other pollutants in forestry have been taken as the research object, and the Simultaneous Multiple Round Auction (SMRA) theory has been used to design a new model for the current auction transactions. In this paper, the feasibility and application of the SMRA model of reach object are studied by the methods of simulation experiment, model analysis, and analogical analysis, and the promotion of this model is discussed. The results show that the new auction model designed in this paper fills in the blank of the combined auction of international forestry carbon sequestration and other pollutant emission rights. It successfully eliminates the winners’ curse and the losses of the sellers. Meanwhile, it provides a new way of resolving ecological deficits problems, achieving the ultimate goal of an overall reduction in carbon and pollution emission. Moreover, it’s beneficial in resolving the structural contradictions between ecological purification and pollutants discharge, hence maximizing the benefits for all the stakeholders. Finally, it is suggested that the SMRA should be adopted in the international trading of emission rights of international carbon sequestration and other pollutants to promote the emission reduction of greenhouse gases and pollutants.

Keywords: international trading of carbon sequestration; carbon sequestration in forestry; Simultaneous Multiple Round Auction theory; combined auction of pollutant emission rights (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2071-1050/13/20/11200/pdf (application/pdf)
https://www.mdpi.com/2071-1050/13/20/11200/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:13:y:2021:i:20:p:11200-:d:653523

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().