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On the impacts of carbon tax and technological progress on China

Author

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  • Baomin Dong
  • Weixian Wei
  • Xili Ma
  • Peng Li

Abstract

Using a dynamic national computable general equilibrium model, we investigate the impact of carbon tax and energy efficiency improvement on the economy and environment of China. The Chinese social account matrix is presented based upon the latest input–output table (2012 IO table) and other data. The business as usual (BAU) scenario is designed according to several forecasts about China by 2030, followed by six policy scenarios, including different levels of carbon tax and technological progress as well as their combinations. The results show that carbon tax will frustrate the overall economic growth slightly. The CO2 emission will be 13.81% lower in 2030 compared to BAU case if the carbon tax scheme is carried out at a rate of 200 RMB/ton of CO2. Technological progress will stimulate the economic growth, enrich the household and government income, increase total investment and make most sectors prosperous with the exception of energy industries.

Suggested Citation

  • Baomin Dong & Weixian Wei & Xili Ma & Peng Li, 2018. "On the impacts of carbon tax and technological progress on China," Applied Economics, Taylor & Francis Journals, vol. 50(4), pages 389-406, January.
    • Handle: RePEc:taf:applec:v:50:y:2018:i:4:p:389-406
    DOI: 10.1080/00036846.2017.1316826
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    Cited by:

    1. Rodríguez, Miguel & Robaina, Margarita & Teotónio, Carla, 2019. "Sectoral effects of a Green Tax Reform in Portugal," Renewable and Sustainable Energy Reviews, Elsevier, vol. 104(C), pages 408-418.
    2. Wei, Weixian & Zhao, Yurong & Wang, Jianlin & Song, Malin, 2019. "The environmental benefits and economic impacts of Fit-in-Tariff in China," Renewable Energy, Elsevier, vol. 133(C), pages 401-410.
    3. Ma, Ning & Li, Huajiao & Zhang, Jinwei & Han, Xiaodan & Feng, Sida & Arif, Asma, 2021. "The short-term price effects and transmission mechanism of CO2 cost pass-through in China: A partial transmission model," Resources Policy, Elsevier, vol. 70(C).
    4. Claudio Calero & Lindsay W Turner, 2020. "Regional economic development and tourism: A literature review to highlight future directions for regional tourism research," Tourism Economics, , vol. 26(1), pages 3-26, February.

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