Low-carbon economy: Theoretical and empirical progress and prospects
WANG Mingxi1, HU Yi2, GUO Dongmei3, BAO Qin4, TANG Ling5
1. School of International Trade and Economics, University of International Business and Economics, Beijing 100029, China; 2. School of Economics and Management, University of Chinese Academy of Sciences, Beijing 100190, China; 3. School of Economics, Central University of Finance and Economics, Beijing 100081, China; 4. Academy of Mathematics and Systems Science, Chinese Academy of Sciences, Beijing 100190, China; 5. School of Economics and Management, Beijing University of Chemical Technology, Beijing 100029, China
Abstract：After the initiation of carbon trading pilots in seven provinces and cities in China, issues of their effectiveness and impact on economy, environment and export are of great significance to policy makers, managers and experts of environmental science. To respond to these issues, we first define the concepts of carbon emission reduction, energy saving and low-carbon economy and discuss policy measures and economic instruments related to carbon emission reduction. Focusing on "quantity control" and "price control", we analyze in detail their implementation process and actual effectiveness in both theoretical and practical points. Also, we present in this paper the mechanism and pathways of carbon emission reduction and their inspiration to China from macro, micro and technical perspectives. We then review the related literature and comment how these academic results can be used to help China to achieve its carbon reduction target at optimal economic costs. Finally, we point out the deficiencies and possible theoretical gaps in the previous studies and present some important issues that need further academic exploration.
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