The priority of industrial sector coverage in China's national emission trading system: an application of the LASSO model

被引：1
作者：
Wang, Huayun [1 ]
Xu, Youzong [2 ]
Cao, Yunfei [1 ,3 ,4 ,5 ]
Yang, Ping [6 ]
机构：
[1] Beijing Inst Technol, Sch Management & Econ, Beijing 100081, Peoples R China
[2] Univ Nottingham, Business Sch, Dept Finance Accounting & Econ, Ningbo 315100, Zhejiang, Peoples R China
[3] Beijing Inst Technol, Ctr Energy & Environm Policy Res, Beijing 100081, Peoples R China
[4] Sustainable Dev Res Inst Econ & Soc Beijing, Beijing 100081, Peoples R China
[5] Beijing Key Lab Energy Econ & Environm Management, Beijing 100081, Peoples R China
[6] Ping An Bank Co Ltd, Changsha Branch, Changsha, Hunan, Peoples R China
来源：
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH | 2023年 / 31卷 / 1期
基金：
中国国家自然科学基金;
关键词：
Carbon price; Pilot carbon market; Industrial sector; LASSO regression; Priority of inclusion; CARBON PRICE; SCHEME; QUANTITIES; REDUCTION; IMPACTS; POLICY; ETS;
D O I：
10.1007/s11356-023-30681-8
中图分类号：
X [环境科学、安全科学];
学科分类号：
08 ; 0830 ;
摘要：
This paper estimates the influences of different industries on the carbon prices and selects the industries with high market power in the carbon market. To realize price discovery in the carbon market and improve the market efficiency, we suggest that industries with higher market power should be included in the market prior to other industries. Using the LASSO regression to analyze the data from the pilot markets of China's ETS and related industrial product outputs, we find that among all related industries, the petrochemical and chemical industries affect the carbon price the most and hence should be included in China's ETS with priority. The power generation industry, though regarded as the major entity of emission control, imposes weaker influences on the carbon price. Industries that may be incorporated in China's ETS later include the transportation equipment manufacturing and the mining and metal industries.
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页码：594 / 608
页数：15
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