Terminating links between emission trading programs

Links between emission trading programs are not immutable, as highlighted by New Jersey׳s exit from the Regional Greenhouse Gas Initiative in 2011. This raises the question of what to do with existing permits that are banked for future use—choices that have consequences for market behavior in advance of, or upon speculation about, delinking. We consider two delinking policies. One differentiates banked permits by origin, the other treats banked permits the same. We describe the price behavior and relative cost-effectiveness of each policy. Treating permits differently generally leads to higher costs, and may lead to price divergence, even with only speculation about delinking.     

广州市实施二氧化硫排污权交易研究

在排污权交易的理论基础上,借鉴美国二氧化硫排放权交易的政策和方法,设计了一套广州市实施二氧化硫排污权交易的框架,旨在为广州市控制削减二氧化硫排放提供一种基于市场的环境管理手段.     

刍议排污权价格的合理界定

排污权交易在中国的试点过程中,显现了强大的生命力,然而,由于对排污权交易基础理论理解的偏差,导致了实践层面上的缺陷,如排污权初始分配是否应该有偿的问题;排污权商品再分配价格应不应该包括正的外部效应价值问题;在排污权交易制度改革与中国其他制度的改革(现行税制改革、绿色GDP的推行)进行中出现的不协调的问题.     

Optimising the environmental benefits of emission reductions from UK coal- and oil-fired power stations: a critical loads approach

This paper describes a method for determining reductions of SO₂ emissions from coal- and oil-fired power stations, oil refineries and large industrial units in the UK taking into account their pollution potential. The method is based on the use of two gridded data sets: critical loads, which represent the sensitivity of the environment to acid deposition and modelled estimates of total (wet + dry) sulphur deposition for 646 point sources within the UK. An iterative method is used to identify and subsequently reduce emissions from point sources that contribute most to areas of critical loads exceedance. This paper demonstrates how the method may be used to determine an optimal allocation of emissions across the UK which yields the maximum amount of environmental protection per unit of emission.The paper then goes on to consider the changes that will have to take place within the UK power generation industry in order to meet the revised EC Large Combustion Plant Directive which comes into force on 1 January 2008. Particular emphasis is placed upon proposed emissions trading schemes and the environmental implications of allowing trading between stations with high and low pollution potentials. The paper concludes by suggesting that the emissions trading process should take into account the pollution potential of each source, irrespective of whether the proposed emission is within the plant's agreed emission limit. An approach based entirely on minimizing environmental damage rather than one which takes cost into account, as in current integrated assessment modelling, could provide an interesting approach across the rest of Europe.     

对排污权交易的现实思考

排污权交易作为一种制度,在我国尚未完全建立.在准市场机制调整之下的排污权交易市场具有比现行排污收费制度更合理之处.排污权交易制度的目的在于逐步减少污染排放,而非刺激排污.其具有的激励和资源配置功能,不仅能较好地控制排污总量,还能提供更丰富的控制污染的方法和途径.公众甚至可以直接参与对环境的管理.本文作者试图从经济学和竞争法的角度对排污权交易的现实问题作一浅显分析.     

Economic dispatch of power system containing wind power and photovoltaic considering carbon trading and spare capacity variation

The drying up of the fossil energy sources and the damage from unchecked carbon emissions demand the development of low carbon economy, which promotes the development of new energy sources, such as wind power and photovoltaic. However, the direct connections of wind/photovoltaic power into power grid bring great impacts on power systems, thus affecting the security and stability of power system operations, which challenges the power system dispatching. In despite of many methods for power system dispatch, lack of the models, for power system containing wind power and photovoltaic considering carbon trading and spare capacity variation (PSCWPCCTSCV), restricts the further optimal operations of power systems. This paper studies the economic dispatch modeling problem of power system containing wind power and photovoltaic, establishes the model of economic dispatch of PSCWPCCTSCV. On this basis, adaptive immune genetic algorithm is applied to conduct the economic operation optimization, which can provide the optimal carbon trading price and the optimal power distribution coefficient. Finally, simulations based on the newly proposed models are made to illustrate the economic dispatch of PSCWPCCTSCV. The results show that optimization with the proposed model can not only weaken the volatility of the new energy effectively, but also reduce carbon emissions and reduce power generation costs.     

论构建中国用能权交易体系的制度衔接之维

用能权是具有公私法双重属性的管制性财产权。用能权交易是我国推进绿色发展的一项制度创新,对实现能耗总量和强度"双控"目标具有重要意义。用能权交易制度旨在从供给侧实现节能降耗目标,与其并行的节能减排市场化机制还包括节能量交易和碳排放权交易。节能量交易与用能权交易的规制对象、规制手段、制度设计目的和约束功能相近,故两者存在制度重复建设问题。用能权交易和碳排放权交易的制度设计目的具有协同性、规制对象有交叉,但两者在用能权指标和碳排放配额初始分配、履约等方面存在制度衔接不畅问题。通过法学和制度经济学分析,对用能权交易、节能量交易和碳排放权交易的制度整合与重构提出了建议。中国应当取消目标节能量交易制度,并以核定用能权交易取代项目节能量交易。用能权交易和碳排放权交易的制度衔接层面,应当打通用能权交易体系和碳排放权交易体系,建立联合履约机制,即允许用能单位或排放单位在满足一定条件的情况下使用用能权指标、核定用能权、碳排放配额或核证减排量履约。用能权指标与碳排放配额在履约方面的衔接机制重点在于一级市场的对接。用能权的初始分配仅仅是为重点用能单位设定节能义务的过程,应当以公平为原则,并且采取免费分配的方式。相对于用能权交易制度,碳排放权交易制度则是为了控制排放单位对碳排放空间这一资源的过度利用。因此,在碳排放配额初始分配环节,政府应当通过有偿分配的方式以实现国家对碳排放空间这一稀缺资源的所有者权益。建立核定用能权和核证减排量的联合履约机制,既允许用能单位购买核证减排量抵消其超额耗能,也允许排放单位购买核定用能权以抵消其超额排放,并对抵消比例设定限制。     

The key elements analysis of Guangdong & Shenzhen ETS & tips for China national ETS construction

The only joint effort area of provincial and municipal governments resides in Guangdong Province and Shenzhen City in China’s carbon emission trading system (ETS) pilots, which characterize the national carbon ETS plots. The present study on the operating experience from this area has important reference value for the national carbon ETS. Analysis and comparison of the key elements show many differences in coverage, total allowance, allowance allocation, and MRV mechanism between Guangdong and Shenzhen carbon ETS. The present study provides the following explanation: (1) the design characteristics of carbon ETS (e.g. coverage, total quotas, the allocation, and MRV mechanism) depend on the local geographical conditions and policy goals. The differences of economic structure in Guangdong Province and Shenzhen City result in different coverage, which then result in differences in other management elements. (2) The operating state of the carbon market is affected by overall design of carbon ETS: in the case of tighter total allowance, lower proportion of China Certified Emission Reductions, and harsher punishment, the carbon market is relatively active, which intends to produce carbon financial market. Based on deep analysis of operation characteristics of carbon ETS in Guangdong and Shenzhen, the present study suggests that (1) the allowance should be allocated freely at the beginning stage and then gradually transited to the voluntary paid auction; (2) the allowances assigned to companies shall be linked up with their energy-saving objectives; (3) the output fluctuations and economic influence on the allowance allocation should be properly handled to maintain the fairness and consistence of allowance allocation standards; (4) stable public expectation is one of the key elements to maintain the regular operation of carbon ETS; (5) constrained carbon emission behavior outside ETS can contribute to social justice; and (6) the improvement of professional skills of relevant personnel in the enterprise and independent third party can enhance carbon emissions data reliability.     

居民生活用电碳排放交易机制研究

个人排放交易被认为可以促进居民参与碳减排,但是因其减排收益难以覆盖高昂的建立和运行成本,降低了公众接受度。本文提出除了考虑碳减排的收益外,更需要关注个人排放交易机制的教育价值、形成正确的激励以及鼓励创新的价值,并提出可以基于当前国内多地实行的阶梯电价制度,利用电力系统现有的用户网络和账户系统,建立居民生活用电碳排放交易机制,以降低成本并实现上述价值。在此基础上,就居民生活用电碳排放交易机制的配额设定与分配、配额交易以及清缴问题做了细致的分析,并提出绿色电力作为补充电力可以免费获得碳配额以促进绿色消费。同时,比较分析了在居民生活用电交易机制和阶梯电价制度下,不同居民家庭以及电力公司的用电成本(收益),指出了其在形成正确的激励方面的作用。最后指出在条件成熟的情况下,居民生活用电碳排放交易机制可以扩展到居民的其他能源消费领域,以实现更为全面的个人排放交易。     

论排污权交易与清洁生产的关系

为解决在排污权交易的前提下,企业如何积极主动地实施清洁生产,处理好排污权交易与清洁生产的关系。在排污权交易对清洁生产激励效果分析的基础上,运用数据对比和类比的方法,论证出排污权交易对清洁生产实施提供了经济支持,清洁生产对排污权交易的实施提供了技术上的保证。这种互为动力、支撑的关系,构成一种良性循环模式,为企业正确处理经济发展和环境保护之间的关系,达到经济效益和环境效益的双赢提供了依据。