THE EMISSIONS REDUCTION EFFECT AND ECONOMIC IMPACT OF AN ENERGY TAX VS. A CARBON TAX IN CHINA: A DYNAMIC CGE MODEL ANALYSIS

Lele Zou, Jinjun Xue, Alan Fox () and Bo Meng
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Lele Zou: Institute of Policy and Management, Chinese Academy of Sciences, China
Jinjun Xue: Graduate School of Economics, Nagoya University, Japan3Hubei University of Economics, China

The Singapore Economic Review (SER), 2018, vol. 63, issue 02, 339-387

Abstract: Carbon tax and energy tax are among the hot discussions in China. This study conducts simulation studies on them with a CGE model and analyzes their economic impacts, especially on the energy-intensive sectors. The Chinese economy is affected at an acceptable level by the two taxes in different scenarios. The import and export of energy-intensive industries are changed, leading to improved domestic competitiveness. Compared with implementing a single tax, a combined carbon-energy tax reduces more emissions with relatively smaller economic costs. For China, the sooner such taxes are launched, the smaller the economic costs and the more significant emission reductions.

Keywords: Energy tax; carbon tax; climate change; CGE model; energy intensive industry (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (5)

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Related works:
Working Paper: The emission reduction effect and economic impact of an energy tax vs. a carbon tax in China: a dynamic CGE model analysis (2015)
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DOI: 10.1142/S021759081740015X

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