Combined Effects of Carbon Pricing and Power Market Reform on CO 2 Emissions Reduction in China's Electricity Sector

2021 ◽  
Author(s):  
Mingquan Li ◽  
Huiwen Gao ◽  
Ahmed Abdulla ◽  
Rui Shan ◽  
Shuo Gao
Keyword(s):  
Power Market ◽  
Market Reform ◽  
Electricity Sector ◽  
Emissions Reduction ◽  
Combined Effects ◽  
Carbon Pricing

Power market reform in China: Motivations, progress, and recommendations

Energy Policy ◽  
2020 ◽  
Vol 145 ◽  
pp. 111717 ◽  
Author(s):  
Hongye Guo ◽  
Michael R. Davidson ◽  
Qixin Chen ◽  
Da Zhang ◽  
Nan Jiang ◽  
...  
Keyword(s):  
Power Market ◽  
Market Reform

scholarly journals Interaction between Industrial Policy and Stock Price Volatility：Evidence from China’s Power Market Reform

2018 ◽  
Author(s):  
Ye Fan ◽  
Zhicheng Zhang ◽  
Xiaoli Zhao ◽  
Haitao Yin
Keyword(s):  
Industrial Policy ◽  
Stock Prices ◽  
Stock Price ◽  
Price Volatility ◽  
Power Market ◽  
Green Energy ◽  
Market Reform ◽  
Stock Price Volatility ◽  
Price Fluctuations ◽  
The Impact

China combines green energy and industrial policy in its power market reform with various policy initiatives, including price support scheme for electricity from renewable sources and subsidies in the push for broader use of greener energy. This study focuses on the impacts of power market reform on the stock price volatility of listed power companies: 1) we use the Iterative Cumulative Sums of Squares (ICSS) algorithm to identify structural break points in stock prices; 2) we analyze the characteristics of stock price volatility based on the GARCH model; 3) we report the impact of power regulation on stock price fluctuations based on the Autoregressive Distributed Lag (ARDL) model. The result suggests three structural breaks in China’s power stock price volatility were related to the promulgation of power market reform policies. We find that industrial policies promote the reduction of power stock price fluctuations and its impact on power stock price volatility is consistent in the long run. However, our study also indicates the recent policies related to renewable energy do not have a very significant impact on the power stock market.

scholarly journals Carbon Pricing and Complementary Policies—Consistency of the Policy Mix for Decarbonizing Buildings in Germany

Energies ◽  
2021 ◽  
Vol 14 (21) ◽  
pp. 7143
Author(s):  
Sibylle Braungardt ◽  
Veit Bürger ◽  
Benjamin Köhler
Keyword(s):  
Policy Instruments ◽  
Energy System ◽  
Electricity Sector ◽  
Transport Sector ◽  
Low Carbon ◽  
Policy Mix ◽  
Carbon Pricing ◽  
Pricing Scheme ◽  
Low Carbon Energy

While it is widely acknowledged that carbon pricing plays an important role in driving the transition towards a low-carbon energy system, its interaction with complementary instruments is discussed controversially. The analysis of combining carbon pricing with complementary policies has been mostly focused on the electricity sector, while the role of carbon pricing in the buildings sector has received only minor interest. In view of the newly introduced carbon pricing scheme for the buildings and transport sector in Germany, we analyze the interactions between the carbon pricing scheme with the existing policy instruments and assess the consistency of the policy mix for decarbonizing the buildings sector. Our analysis finds that the introduction of carbon pricing has a reinforcing effect on the instrument mix and adds to the consistency of the policy mix. The results highlight the importance of complementary policies in order to achieve deep decarbonization in the buildings sector. We conclude that carbon pricing, preferably implemented as a tax with a predictable and increasing price level, needs to be supplemented with a powerful mix of complementary measures.

The cost and marketability of renewable energy after power market reform in China: A review

2018 ◽  
Vol 204 ◽  
pp. 409-424 ◽  
Author(s):  
Xu Ruhang ◽  
Song Zixin ◽  
Tang Qingfeng ◽  
Yu Zhuangzhuang
Keyword(s):  
Renewable Energy ◽  
Power Market ◽  
Market Reform ◽  
The Cost
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