IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v15y2022i18p6678-d913499.html
   My bibliography  Save this article

Research on the Impact of Output Adjustment Strategy and Carbon Tax Policy on the Stability of the Steel Market

Author

Listed:
  • Di Li

    (School of Geography, Liaoning Normal University, Dalian 116029, China)

  • Qianbin Di

    (School of Geography, Liaoning Normal University, Dalian 116029, China
    Center for Studies of Marine Economy and Sustainable Development, Liaoning Normal University, Dalian 116029, China)

  • Hao Zhang

    (School of Geography, Liaoning Normal University, Dalian 116029, China)

  • Daquan Zhang

    (Dalian Explorers Technology Co., Ltd., Dalian 116023, China)

  • Zenglin Han

    (Center for Studies of Marine Economy and Sustainable Development, Liaoning Normal University, Dalian 116029, China)

  • Ye Duan

    (School of Geography, Liaoning Normal University, Dalian 116029, China)

Abstract

China’s steel industry has not yet implemented a carbon tax policy, and its benefits and impacts are still in the theoretical research stage. In addition, enterprises have an insufficient ability to respond to changes in production and sales, which seriously affects the market’s stability. The government should simultaneously start from multiple perspectives, such as energy conservation, emission reduction, dynamic adjustments, and business decisions. Therefore, this research constructs a repeated dynamic game model including carbon tax policy and other mixed reduction policies, and studies the stability and related indicators of the market. The results are as follows: (1) the output adjustment policies that enterprises can implement will show an increasing trend under the single carbon tax policy. (2) The output adjustment policies that enterprises with larger output will also show an increasing trend under the mixed emission reduction policy when emission reduction targets continue to increase. (3) Smaller-output enterprises need to be more cautious in formulating their production plans, and their output adjustment policies will be restricted and affected by more factors. In summary, enterprises should comprehensively consider emission reduction policies, output adjustment policies and other enterprises’ output changes, to ensure that the steel market will not fall into an imbalanced state.

Suggested Citation

  • Di Li & Qianbin Di & Hao Zhang & Daquan Zhang & Zenglin Han & Ye Duan, 2022. "Research on the Impact of Output Adjustment Strategy and Carbon Tax Policy on the Stability of the Steel Market," Energies, MDPI, vol. 15(18), pages 1-31, September.
    • Handle: RePEc:gam:jeners:v:15:y:2022:i:18:p:6678-:d:913499
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/15/18/6678/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/15/18/6678/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Lars Mathiesen and Ottar Maestad, 2004. "Climate Policy and the Steel Industry: Achieving Global Emission Reductions by an Incomplete Climate Agreement," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 91-114.
    2. Dang, Jr-Fong & Hong, I-Hsuan, 2013. "The equilibrium quantity and production strategy in a fuzzy random decision environment: Game approach and case study in glass substrates industries," International Journal of Production Economics, Elsevier, vol. 145(2), pages 724-732.
    3. Ma, Junhai & Hou, Yaming & Wang, Zongxian & Yang, Wenhui, 2021. "Pricing strategy and coordination of automobile manufacturers based on government intervention and carbon emission reduction," Energy Policy, Elsevier, vol. 148(PA).
    4. Ye Duan & Nan Li & Hailin Mu & Shusen Gui, 2017. "Research on CO 2 Emission Reduction Mechanism of China’s Iron and Steel Industry under Various Emission Reduction Policies," Energies, MDPI, vol. 10(12), pages 1-24, December.
    5. Färe, Rolf & Grosskopf, Shawna & Pasurka, Carl A., 2007. "Environmental production functions and environmental directional distance functions," Energy, Elsevier, vol. 32(7), pages 1055-1066.
    6. Sifiso M. Ntombela & Heinrich R. Bohlmann & Mmatlou W. Kalaba, 2019. "Greening the South Africa’s Economy Could Benefit the Food Sector: Evidence from a Carbon Tax Policy Assessment," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 74(2), pages 891-910, October.
    7. Ye Duan & Zenglin Han & Hailin Mu & Jun Yang & Yonghua Li, 2019. "Research on the Impact of Various Emission Reduction Policies on China’s Iron and Steel Industry Production and Economic Level under the Carbon Trading Mechanism," Energies, MDPI, vol. 12(9), pages 1-26, April.
    8. Di, Xuan & Liu, Henry X. & Ban, Xuegang (Jeff), 2016. "Second best toll pricing within the framework of bounded rationality," Transportation Research Part B: Methodological, Elsevier, vol. 83(C), pages 74-90.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Di Li & Qianbin Di & Hailin Mu & Zenglin Han & Hongye Wang & Ye Duan, 2022. "Research on the Impact of Output Adjustment Strategy and Carbon Trading Policy on the Response, Stability and Complexity of Steel Market under the Dynamic Game," Sustainability, MDPI, vol. 14(19), pages 1-40, September.
    2. Ye Duan & Zenglin Han & Hailin Mu & Jun Yang & Yonghua Li, 2019. "Research on the Impact of Various Emission Reduction Policies on China’s Iron and Steel Industry Production and Economic Level under the Carbon Trading Mechanism," Energies, MDPI, vol. 12(9), pages 1-26, April.
    3. Hongpeng Guo & Zhihao Lv & Junyi Hua & Hongxu Yuan & Qingyu Yu, 2021. "Design of Combined Auction Model for Emission Rights of International Forestry Carbon Sequestration and Other Pollutants Based on SMRA," Sustainability, MDPI, vol. 13(20), pages 1-18, October.
    4. Debdatta Pal & Subrata K. Mitra, 2018. "The efficiency of microfinance institutions with problem loans: A directional distance function approach," Computational and Mathematical Organization Theory, Springer, vol. 24(3), pages 285-307, September.
    5. Aparicio, Juan & Pastor, Jesus T. & Zofio, Jose L., 2013. "On the inconsistency of the Malmquist–Luenberger index," European Journal of Operational Research, Elsevier, vol. 229(3), pages 738-742.
    6. Atkinson, Scott E. & Tsionas, Mike G., 2021. "Generalized estimation of productivity with multiple bad outputs: The importance of materials balance constraints," European Journal of Operational Research, Elsevier, vol. 292(3), pages 1165-1186.
    7. Rui Xie & Siling Yao & Feng Han & Jiayu Fang, 2019. "Land Finance, Producer Services Agglomeration, and Green Total Factor Productivity," International Regional Science Review, , vol. 42(5-6), pages 550-579, September.
    8. Kun He & Li Wang & Hongliang Zhu & Yulong Ding, 2018. "Energy-Saving Potential of China’s Steel Industry According to Its Development Plan," Energies, MDPI, vol. 11(4), pages 1-16, April.
    9. Chih Chen, 2015. "Assessing the Pollutant Abatement Cost of Greenhouse Gas Emission Regulation: A Case Study of Taiwan’s Freeway Bus Service Industry," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 61(4), pages 477-495, August.
    10. Meunier, Guy & Ponssard, Jean-Pierre & Quirion, Philippe, 2014. "Carbon leakage and capacity-based allocations: Is the EU right?," Journal of Environmental Economics and Management, Elsevier, vol. 68(2), pages 262-279.
    11. Jeanneaux, Philippe & Latruffe, Laure, 2016. "Modelling pollution-generating technologies in performance benchmarking: Recent developments, limits and future prospects in the nonparametric frameworkAuthor-Name: Dakpo, K. Hervé," European Journal of Operational Research, Elsevier, vol. 250(2), pages 347-359.
    12. Löschel, Andreas & Alexeeva-Talebi, Victoria & Mennel, Tim, 2008. "Climate Policy and the Problem of Competitiveness: Border Tax Adjustments or Integrated Emission Trading?," ZEW Discussion Papers 08-061, ZEW - Leibniz Centre for European Economic Research.
    13. Lin, Boqiang & Zhu, Junpeng, 2019. "Impact of energy saving and emission reduction policy on urban sustainable development: Empirical evidence from China," Applied Energy, Elsevier, vol. 239(C), pages 12-22.
    14. Silva, Felipe & Fulginiti, Lilyan & Perrin, Richard, 2016. "Trade-off between amazon forest and agriculture in Brazil – shadow price and their substitution estimative for 2006," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235800, Agricultural and Applied Economics Association.
    15. Liu, Changyu & Song, Yadong & Wang, Wei & Shi, Xunpeng, 2023. "The governance of manufacturers’ greenwashing behaviors: A tripartite evolutionary game analysis of electric vehicles," Applied Energy, Elsevier, vol. 333(C).
    16. Zhijiang Li & Decai Tang & Mang Han & Brandon J. Bethel, 2018. "Comprehensive Evaluation of Regional Sustainable Development Based on Data Envelopment Analysis," Sustainability, MDPI, vol. 10(11), pages 1-18, October.
    17. Li, Jianglong & Lin, Boqiang, 2017. "Does energy and CO2 emissions performance of China benefit from regional integration?," Energy Policy, Elsevier, vol. 101(C), pages 366-378.
    18. Yongrok Choi & Haohao Wang & Fan Yang & Hyoungsuk Lee, 2021. "Sustainable Governance of the Korean Freight Transportation Industry from an Environmental Perspective," Sustainability, MDPI, vol. 13(11), pages 1-14, June.
    19. Jia, Zhijie & Lin, Boqiang, 2020. "Rethinking the choice of carbon tax and carbon trading in China," Technological Forecasting and Social Change, Elsevier, vol. 159(C).
    20. Trinks, Arjan & Mulder, Machiel & Scholtens, Bert, 2020. "An Efficiency Perspective on Carbon Emissions and Financial Performance," Ecological Economics, Elsevier, vol. 175(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:15:y:2022:i:18:p:6678-:d:913499. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.