The design on China's carbon tax policy to mitigate climate change

The design on China's carbon tax policy to mitigate climate change

Carbon tax was an effective policy tool to cope with the climate change and promote energy saving and emission reduction. A Computable General Equilibrium Model was set up to simulate the influence of levy carbon tax on China's macro-economy, energy saving and CO2 emission reduction. The results suggest that low rate carbon tax was a feasible option in China's near future.

Lower carbon tax rate of RMB yuans 20/t C has smaller influence on the economic development of China, but can lead to obvious CO2 emission reduction. In order to build China’s carbon tax system, implement the targets of energy-saving and emission reduction and reduce CO2 emission, the paper designs a carbon tax implementation scheme.

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