Abstract
Personal carbon trading offers a powerful and innovative instrument with which to achieve reductions in carbon emissions. Meanwhile, residents’ personal carbon trading willingness and the factors influencing such willingness have critical effects on the acceptance of personal carbon trading. Therefore, the present research uses a questionnaire survey in metropolitan areas of Tianjin China and the results indicated that most of the interviewees (74.92%) agreed or strongly agreed that they would participant in personal carbon trading. Moreover, according to the results of multiple regression models, governmental policies and residents’ environmental awareness and motivations were positively related to their personal carbon trading willingness. However, personal barriers to personal carbon trading were negatively related to personal carbon trading willingness. Control variables, such as gender and incomes, were not significantly related to personal carbon trading willingness. Thus, monitoring residents’ emission and trading patterns, emphasizing effective, transparent, and fair policies, as well as mitigating uncertainty could all be effective ways to increase the acceptance of personal carbon trading.
Highlights
Climate change poses many challenges for sustainable development and energy policy [1,2], and greenhouse gas emissions from human beings will exacerbate global climate change
In China, the personal carbon trading (PCT) scheme reduces volatility in driving costs and sets an equilibrium carbon price determined by the market, which could be more beneficial in achieving total carbon emission control than existing policy instruments [26]
The interviewees indicated a high level of willingness to participate in PCT
Summary
Climate change poses many challenges for sustainable development and energy policy [1,2], and greenhouse gas emissions from human beings will exacerbate global climate change. In developed countries, the energy consumption of residents and households is already the main source of energy consumption. Household energy use and personal travel accounted for 45% of national CO2 (carbon dioxide) emissions from energy use on average in major developed countries [3]. The energy consumption of residents is increasing, and it will become the main type of energy consumption in the future. Individual carbon trading policy for residents can play a significant role in carbon emission reductions, and it can represent the primary way to reduce greenhouse gases in the future. Personal carbon trading (PCT) might provide a framework for delivering long-term, sustainable reductions in carbon emissions in a way that other policies cannot [7].
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