期刊
ENERGY
卷 70, 期 -, 页码 411-419出版社
PERGAMON-ELSEVIER SCIENCE LTD
DOI: 10.1016/j.energy.2014.04.010
关键词
Price-gap approach; Perverse fossil fuel subsidies; CGE model
资金
- New Huadu Business School Research Fund
- China Sustainable Energy Program [G-1203-15828]
- Ministry of Education Foundation [10GBJ013, 12YJC790081]
- Shanghai Chen Guang Program [12CG45]
To address the problem of climate change, G-20 government leaders committed to rationalize and phase-out inefficient fossil fuel subsidies that encourage excessive consumption over the medium term, i.e., removing the perverse subsidies. Considering China's particular circumstances and the purposes of energy subsidies, the perverse fossil fuel subsidies in China mainly concentrated on industries, and gasoline, diesel and natural gas consumption, which are always regressive. Other subsidies, such as those for residential electricity consumption and agriculture, should be kept for the time being. Results indicate that China's perverse fossil fuel subsidies amounted to CNY 509.22 billion in 2008, equivalent to 61.2% of total fossil fuel subsidies and 1.69% of GDP in that year. In addition, reasonable subsidies will not affect energy conservation and emission reduction. Furthermore, CGE (Computable General Equilibrium) model is used to analyze the impacts of energy subsidy reforms. Our finding shows that removing perverse energy subsidies will result in a significant decline in energy demand and CO2 emissions, but will have negative impacts on the macro-economy. Therefore, supporting (or offsetting) policies, like carrying out other cost-benefit and sustainable programs with the revenues saved from subsidy reduction, are needed to alleviate the adverse impacts of removing perverse subsidies. (C) 2014 Elsevier Ltd. All rights reserved.
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