Journal
APPLIED ENERGY
Volume 211, Issue -, Pages 1039-1049Publisher
ELSEVIER SCI LTD
DOI: 10.1016/j.apenergy.2017.12.001
Keywords
Carbon price; Energy-saving and emission-reduction; Energy intensity; Economic growth
Categories
Funding
- National Natural Science Foundation of China [71774077, 71303205, 71690242, 71473108, 71303095, 71473213, 71473107]
- Major Research plan of the National Natural Science Foundation of China - Jiangsu 333 Project Research projects subsidy scheme [91546118, BRA2017447]
- Jiangsu Government Scholarship for Overseas Studies
- Special subject of collaborative innovation center of modern service industry in Nanjing University of Finances and Economics
- Topnotch Academic Programs Project of Jiangsu Higher Education Institutions [PPZY2015B103]
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This paper explores the optimization scheme of carbon trading in China based on a novel energy-saving and emission-reduction (ESER) system with carbon price constraints. With the aid of nonlinear dynamics theory, the dynamics behavior of the novel system is discussed. Genetic algorithm and back propagation neural network is used to identify the quantitative coefficients according to the statistical data of the second period in European Union (EU). Taking the actual situation in EU for instance, the variables which are sensitive to carbon trading are detailedly researched. Enlightened by the EU's experience, an optimal road of China's carbon trading is put forward. The results show that carbon emissions could be controlled by carbon trading. The investment to carbon trading hampers economic growth in the near future, and ESER technical progress is negatively correlated with carbon trading in the long run. Demand and supply relationship is closely related to carbon price, both are the important issues in carbon trading system. Excessive government control and extortionate carbon price will deliver the opposite effect and even fatal influence on carbon trading system.
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