Innovation analysis under trading energy efficiency

Pu-yan Nie, Zi-rui Chen, Chan Wang and Xiao-ling Chen

Energy, 2019, vol. 186, issue C

Abstract: Trading energy efficiency (TEE) is adopted by more and more countries to cope with global climate change. This article studies the effects of TEE by investigating an optimization model, and several interesting conclusions are obtained. Firstly, it is observed in the model that TEE stimulates energy efficiency innovation, that is, promotes the firms to increase innovation investments. Secondly, it is proved that TEE reduces the marginal emission and total emission of the firms, while outputs are promoted by TEE. Meanwhile, TEE does not reduce energy inputs. Finally, TEE under carbon tax performs better than that without carbon tax. Based on these results, to improve the energy efficiency and reduce the emission of greenhouse gases, it is suggested for the governments to adopt TEE with carbon tax.

Keywords: Trading energy efficiency (TEE); Innovation; Emission; Outputs; JEL; L1 (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0360544219315385
Full text for ScienceDirect subscribers only

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:eee:energy:v:186:y:2019:i:c:s0360544219315385

DOI: 10.1016/j.energy.2019.115866

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().