Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2018.03.075 |
Will China's building sector participate in emission trading system? Insights from modelling an owner's optimal carbon reduction strategies | |
Song, Xiangnan1,2; Lu, Yujie2,3; Shen, Liyin4; Shi, Xunpeng5,6 | |
2018-07-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2018 |
卷号 | 118页码:232-244 |
文章类型 | Article |
语种 | 英语 |
国家 | Peoples R China; Singapore; Australia |
英文摘要 | Building sector is a significant contributor to the global warming and thus the control of carbon emissions from buildings has received unprecedented attention. While China is pioneering in including building sector in its Emission Trading System (ETS) pilots, there is few practical trading. This study investigates the reasons of lack trading via exploring a building owner's optimal strategy that is based on a multi-objective optimization model to achieve required carbon emissions reduction with minimal incremental costs. The investigated emissions reduction strategies include adopting low-carbon technologies, purchasing emission permits from ETS market, and non-compliance. A typical four-star hotel in Shenzhen, China is selected as an empirical case to validate the proposed model. The result shows that non-compliance is the preferable strategy by the owners, and there is no permits trading from the carbon market. Key influencing factors that affect the owners' strategic choice are further investigated with various scenarios and it is found that the probability of government environmental inspection, the penalty for non-compliance, and an owner's reputation loss will to a large extent change an owner's strategy. These findings provide a quantitative rationale for policymakers to reformulate existing initiatives and mechanisms to invigorate the ETS market in the building sector. |
英文关键词 | Carbon emissions reduction Emission reduction strategy Emission trading system (ETS) Low-carbon technology Multi-objective optimization Non-complying emissions |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000435050000022 |
WOS关键词 | ENERGY-EFFICIENCY MEASURES ; RESIDENTIAL BUILDINGS ; TRANSACTION COSTS ; RENEWABLE ENERGY ; SAVING MEASURES ; PERFORMANCE ; ETS ; ENFORCEMENT ; INDUSTRY ; MARKET |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/18895 |
专题 | 气候变化 |
作者单位 | 1.Guangzhou Univ, Sch Management, Guangzhou 510006, Guangdong, Peoples R China; 2.Natl Univ Singapore, Sch Design & Environm, Dept Bldg, Singapore 117566, Singapore; 3.Guizhou Univ, Sch Publ Adm, Guiyang 550025, Guizhou, Peoples R China; 4.Chongqing Univ, Sch Construct Management & Real Estate, Chongqing 400044, Peoples R China; 5.Univ Technol Sydney, Australia China Relat Inst, 15 Broadway, Ultimo, NSW 2007, Australia; 6.Hubei Univ Econ, Ctr Hubei Cooperat Innovat Emiss Trading Syst, Wuhan 430205, Hubei, Peoples R China |
推荐引用方式 GB/T 7714 | Song, Xiangnan,Lu, Yujie,Shen, Liyin,et al. Will China's building sector participate in emission trading system? Insights from modelling an owner's optimal carbon reduction strategies[J]. ENERGY POLICY,2018,118:232-244. |
APA | Song, Xiangnan,Lu, Yujie,Shen, Liyin,&Shi, Xunpeng.(2018).Will China's building sector participate in emission trading system? Insights from modelling an owner's optimal carbon reduction strategies.ENERGY POLICY,118,232-244. |
MLA | Song, Xiangnan,et al."Will China's building sector participate in emission trading system? Insights from modelling an owner's optimal carbon reduction strategies".ENERGY POLICY 118(2018):232-244. |
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