Based on the survey of international emissions trading system （ETS） and quantitative analysis, policy suggestions on establishing a carbon ETS in China are presented in this study. Sectors sensitive to carbon prices...Based on the survey of international emissions trading system （ETS） and quantitative analysis, policy suggestions on establishing a carbon ETS in China are presented in this study. Sectors sensitive to carbon prices, e.g., the power generation sector and the iron and steel industry, are given priority to be covered by the ETS. Interregional carbon trading should be carried out as early as possible. The cap of the ETS should be based on China＇s carbon intensity reduction target with the floor carbon price for the market being set in the beginning. Suggestions on the infrastructure of ETS are also proposed, including the national wide carbon measuring, reporting, verification system building. account registration system and the legislation to national展开更多
This paper calls attention to the demand resource market in Korea which opened in 2008 to reduce customers＇ consumption at critical times and, at the same time, secure the load that can be shut down. In Korea, the de...This paper calls attention to the demand resource market in Korea which opened in 2008 to reduce customers＇ consumption at critical times and, at the same time, secure the load that can be shut down. In Korea, the demand resource market is operated by either forward market or spot market. The discussion here is limited to the operations of the demand resource spot market. As the demand response program has matured in the smart grid environment, KPX （Korea Power Exchange） will shortly complete the development of the real-time demand resource trading system, taking into account an integrated dispatch system.展开更多
Abstract. This paper examines the equilibrium existence of an overlapping generationsmodel with transaction costs. Moreover, we also show that if the equilibrium prices ofbuying equal those of selling the equilibrium ...Abstract. This paper examines the equilibrium existence of an overlapping generationsmodel with transaction costs. Moreover, we also show that if the equilibrium prices ofbuying equal those of selling the equilibrium allocations are pareto effiCient when the valueof the aggregate endowment at equilibrium price is finite.展开更多
基金supported by the National Basic Research Program of China(No.2012CB955700 and 2010CB955501)
文摘Based on the survey of international emissions trading system （ETS） and quantitative analysis, policy suggestions on establishing a carbon ETS in China are presented in this study. Sectors sensitive to carbon prices, e.g., the power generation sector and the iron and steel industry, are given priority to be covered by the ETS. Interregional carbon trading should be carried out as early as possible. The cap of the ETS should be based on China＇s carbon intensity reduction target with the floor carbon price for the market being set in the beginning. Suggestions on the infrastructure of ETS are also proposed, including the national wide carbon measuring, reporting, verification system building. account registration system and the legislation to national
文摘This paper calls attention to the demand resource market in Korea which opened in 2008 to reduce customers＇ consumption at critical times and, at the same time, secure the load that can be shut down. In Korea, the demand resource market is operated by either forward market or spot market. The discussion here is limited to the operations of the demand resource spot market. As the demand response program has matured in the smart grid environment, KPX （Korea Power Exchange） will shortly complete the development of the real-time demand resource trading system, taking into account an integrated dispatch system.
基金the National Natural Science Foundation of China(79790130).
文摘Abstract. This paper examines the equilibrium existence of an overlapping generationsmodel with transaction costs. Moreover, we also show that if the equilibrium prices ofbuying equal those of selling the equilibrium allocations are pareto effiCient when the valueof the aggregate endowment at equilibrium price is finite.
