Abstract
Facing the increasingly severe environmental problems, the development of a green and sustainable low-carbon economy has become an international trend. In China, the core issue of low-carbon economic development is effectively resolving the contradiction between the exploitation and utilization of fossil energy and greenhouse gas emissions (mainly carbon emissions). Based on the SAM matrix, we established a static Computable General Equilibrium (CGE) model to simulate the impact of carbon tax policies on energy consumption, carbon emissions, and macroeconomics variables under 10, 20, and 30% emission reductions. Meanwhile, we analyze the impact of different carbon tax recycling mechanisms under the principle of tax neutrality. We find that the carbon tax effectively reduces carbon emissions, but it will negatively impact economic development and social welfare. A reasonable carbon tax recycling system based on the principle of tax neutrality can reduce the negative impact of carbon tax implementation. Among the four simulated scenarios of carbon tax cycle, the scenario of reducing residents’ personal income tax is most conducive to realizing the “double dividend” of carbon tax.
Highlights
IntroductionThe fundamental way for humanity to cope with climate change and realize the coordinated development of energy, environment, and economy is to implement and develop a low-carbon economy [1,2]
The purpose of this study is to explore how the carbon tax policy that promotes the development of a low-carbon economy should be effectively implemented, so as to achieve green and sustainable development
Studies have found that carbon tax has a positive impact on reducing corporate carbon dioxide emissions, promoting the development of more energy-saving emission reduction technologies, and exploring more renewable resources, which is conducive to the realization of green and sustainable development goals
Summary
The fundamental way for humanity to cope with climate change and realize the coordinated development of energy, environment, and economy is to implement and develop a low-carbon economy [1,2]. The rapid growth of carbon emissions has seriously threatened the survival of human beings and the sustainable development of the social environment [4]. More than 30 countries around the world have established the goal of achieving carbon neutrality around the middle of this century [5]. As the world’s largest carbon dioxide emitter, China pledged at the 2020 United Nations General Assembly to achieve carbon neutrality by 2060, and carbon dioxide emissions peaking before 2030. Controlling greenhouse gas emissions is still a key consideration in formulating environmental policies [6]
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal of Environmental Research and Public Health
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
