The Achievement of Multiple Nationally Determined Contribution Goals and Regional Economic Development in China

Yongna Yuan (), Guiyu Li () and Hongbo Duan ()
Additional contact information
Yongna Yuan: University of Chinese Academy of Sciences
Guiyu Li: University of Chinese Academy of Sciences
Hongbo Duan: University of Chinese Academy of Sciences

Environmental & Resource Economics, 2023, vol. 84, issue 4, No 9, 1155-1177

Abstract: Abstract In this paper, we develop a multiregional dynamic computable general equilibrium model, in which the technical details of the power sector are enriched by endogenizing nonfossil energy technological change. We then examine the impact of China’s carbon peaking and energy transition goals in 2030 on regional economic development. The results show that the carbon pricing policy will have a negative impact on the economy and aggravate the regional economic imbalance but will be conducive to total energy control. The targeted power investment policy promotes economic development and alleviates the regional economic imbalance; further, clean power investment also provides incentives for developing nonfossil energy technologies. It seems to be natural to achieve the carbon peaking and carbon intensity goals in 2030, whereas it will be more challenging to realize the total energy control and clean energy development goals. Targeted power investment adjusting combined with flexible carbon pricing does well in reconciling the attainment of multiple policy goals and the balance of reginal economic development.

Keywords: Dynamic multiregional CGE model; Carbon pricing; Regional economic development; Climate policy goals; Clean energy transition (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://link.springer.com/10.1007/s10640-022-00752-4 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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:kap:enreec:v:84:y:2023:i:4:d:10.1007_s10640-022-00752-4

Ordering information: This journal article can be ordered from
http://www.springer. ... al/journal/10640/PS2

DOI: 10.1007/s10640-022-00752-4

Access Statistics for this article

Environmental & Resource Economics is currently edited by Ian J. Bateman

More articles in Environmental & Resource Economics from Springer, European Association of Environmental and Resource Economists Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().