Journal of Tsinghua University(Science and Technology) · 2002 · 32 citations · 0 references
Social SciencesEconomicsPublic FinanceEnergy EconomicsMacroeconomicsTaxationCarbon AccountingCarbon Emissions AccountingCarbon Emissions ManagementCarbon PricingEnvironmental TaxationGreenhouse Gas AccountingCarbon Emissions PolicyGreenhouse Gas BalanceGreenhouse Gas EmissionsMacro SystemsOptimal Tax Rate DesignOptimal Tax RatesTaxation Of Carbon EmissionsTaxation Of Energy Use
Carbon dioxide (CO 2) is the most important greenhouse gas. Carbon taxes have been frequently advocated as a cost effective instrument for reducing carbon emissions. A MARKAL MACRO model of the China energy economy system was developed to examine the impact of carbon taxes on the Chinese energy system and economy. The results show that carbon taxatation would cause GDP (gross domestic product) less, but there is an optimal carbon tax rate which would effectively reduce carbon emission without a large impact on the GDP.