Carbon Tax and Trading Price on Power Plant with Carbon Capture and Storage under Incentive Regulation Theory
This paper investigates how the government can develop subsidies or tax policies to incent power plants to effectively carry out carbon capture to reduce carbon emissions. According to the government’s incentive model for carbon capture power plants, the regulation mechanism is developed when govern...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Wiley
2020-01-01
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| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2020/8509834 |
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| _version_ | 1850107451221737472 |
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| author | Huan Zhang Xinxin Xu Jianli Jiang Meimei Zhang |
| author_facet | Huan Zhang Xinxin Xu Jianli Jiang Meimei Zhang |
| author_sort | Huan Zhang |
| collection | DOAJ |
| description | This paper investigates how the government can develop subsidies or tax policies to incent power plants to effectively carry out carbon capture to reduce carbon emissions. According to the government’s incentive model for carbon capture power plants, the regulation mechanism is developed when government controls carbon emission. When regional or national carbon emission quota is tense, significant effect can be obtained when regulators make regulations to take off low efficiency power plants. In addition, it is verified that the regulators should not blindly pursue a reduction in carbon emissions regardless of the cost. Therefore, regulators need to pay more attention to control the costs of carbon capture equipment and technology. Finally, by parametric and numerical analyses, the conditions of the power plant to maximize corporate surplus are further studied. |
| format | Article |
| id | doaj-art-4af1ea8e82bd4cd9adaf294e391ba9c1 |
| institution | OA Journals |
| issn | 1026-0226 1607-887X |
| language | English |
| publishDate | 2020-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Discrete Dynamics in Nature and Society |
| spelling | doaj-art-4af1ea8e82bd4cd9adaf294e391ba9c12025-08-20T02:38:35ZengWileyDiscrete Dynamics in Nature and Society1026-02261607-887X2020-01-01202010.1155/2020/85098348509834Carbon Tax and Trading Price on Power Plant with Carbon Capture and Storage under Incentive Regulation TheoryHuan Zhang0Xinxin Xu1Jianli Jiang2Meimei Zhang3Department of Economic Management, North China Electric Power University, Baoding 071100, ChinaDepartment of Economic Management, North China Electric Power University, Baoding 071100, ChinaDepartment of Economic Management, North China Electric Power University, Baoding 071100, ChinaDepartment of Economic Management, North China Electric Power University, Baoding 071100, ChinaThis paper investigates how the government can develop subsidies or tax policies to incent power plants to effectively carry out carbon capture to reduce carbon emissions. According to the government’s incentive model for carbon capture power plants, the regulation mechanism is developed when government controls carbon emission. When regional or national carbon emission quota is tense, significant effect can be obtained when regulators make regulations to take off low efficiency power plants. In addition, it is verified that the regulators should not blindly pursue a reduction in carbon emissions regardless of the cost. Therefore, regulators need to pay more attention to control the costs of carbon capture equipment and technology. Finally, by parametric and numerical analyses, the conditions of the power plant to maximize corporate surplus are further studied.http://dx.doi.org/10.1155/2020/8509834 |
| spellingShingle | Huan Zhang Xinxin Xu Jianli Jiang Meimei Zhang Carbon Tax and Trading Price on Power Plant with Carbon Capture and Storage under Incentive Regulation Theory Discrete Dynamics in Nature and Society |
| title | Carbon Tax and Trading Price on Power Plant with Carbon Capture and Storage under Incentive Regulation Theory |
| title_full | Carbon Tax and Trading Price on Power Plant with Carbon Capture and Storage under Incentive Regulation Theory |
| title_fullStr | Carbon Tax and Trading Price on Power Plant with Carbon Capture and Storage under Incentive Regulation Theory |
| title_full_unstemmed | Carbon Tax and Trading Price on Power Plant with Carbon Capture and Storage under Incentive Regulation Theory |
| title_short | Carbon Tax and Trading Price on Power Plant with Carbon Capture and Storage under Incentive Regulation Theory |
| title_sort | carbon tax and trading price on power plant with carbon capture and storage under incentive regulation theory |
| url | http://dx.doi.org/10.1155/2020/8509834 |
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