The effects of allowance price on energy demand under a personal carbon trading scheme
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- 作者：Jin Fana ; Jun Lia ; Yanrui Wub ; yanrui.wu@uwa.edu.au" class="auth_mail" title="E-mail the corresponding author ; Shanyong Wanga ; Dingtao Zhaoa
- 关键词：Energy ; Personal carbon trading ; Allowance price ; Income effect ; Substitution effect
- 刊名：Applied Energy
- 出版年：2016
- 出版时间：15 May 2016
- 年：2016
- 卷：170
- 期：Complete
- 页码：242-249
- 全文大小：342 K
文摘
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Personal carbon trading is an innovative policy instrument to reduce carbon emissions at the individual level.
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A CES utility function is adopted to examine the effect of carbon allowance price changes.
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An increase (decrease) in the elasticity of substitution results in an enhanced (reduced) effect of allowance price changes.