The priority of industrial sector coverage in China's national emission trading system: an application of the LASSO model.
Environ Sci Pollut Res Int
; 31(1): 594-608, 2024 Jan.
Article
em En
| MEDLINE
| ID: mdl-38015399
ABSTRACT
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.
Palavras-chave
Texto completo:
1
Base de dados:
MEDLINE
Assunto principal:
Gases de Efeito Estufa
/
Indústrias
País/Região como assunto:
Asia
Idioma:
En
Revista:
Environ Sci Pollut Res Int
Assunto da revista:
SAUDE AMBIENTAL
/
TOXICOLOGIA
Ano de publicação:
2024
Tipo de documento:
Article
País de afiliação:
China