Company's affordability of increased energy costs due to climate policies: A survey by sector in China
Company's affordability of increased energy costs due to climate policies: A survey by sector in China
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DOI：
10.1016/j.eneco.2012.09.014
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发表时间：
2013-03
期刊：
影响因子：
12.8
通讯作者：
Xianbing Liu;C. Wang;Weishi Zhang;Sunhee Suk;Kinichi Sudo
中科院分区：
文献类型：
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作者：
Xianbing Liu;C. Wang;Weishi Zhang;Sunhee Suk;Kinichi Sudo
本文估计了中国企业对因引入市场化气候政策而增加的能源成本的承受能力。数据采用多重有界离散选择 (MBDC) 格式收集，主要来自钢铁、水泥和化工行业的 170 名受访者。估计表明，所有样本的能源成本平均增加 8.8% 是可以接受的。化工企业的承受能力略高，可接受的能源成本上涨比例平均值为9.9%，而水泥企业的承受能力稍低，平均值为7.7%。计量经济学分析证实，市场竞争程度与承受能力呈显着负相关，而公司规模与承受能力呈显着正相关。计算表明，可承受能源成本增长的平均值大致相当于化工企业83.7元/t-CO2（约12美元/t-CO2）的碳价，钢铁和水泥行业约40元/t-CO2（约6美元/t-CO2）的碳价。这一结果为中国碳税的制定和国内碳排放交易体系的建立提供了一次有意义的公投，特别是从调查行业的角度来看。
This paper estimates the affordability of Chinese companies on energy cost increases due to the introduction of market-based climate policies. The data were collected from 170 respondents mainly from iron and steel, cement and chemical industries, using a multiple-bounded discrete choice (MBDC) format. Estimations indicate that a mean of 8.8% in energy cost increase would be acceptable for all the samples. The chemical companies express a slightly higher affordability, with the mean of acceptable ratios of energy cost increases being 9.9%, while the cement companies show slightly lower affordability with a mean of 7.7%. Econometric analysis confirms that the market competition degree has a significant but negative relationship with the affordability while the company's size is significantly and positively associated with the affordability. Calculations indicate that the mean of affordable energy cost increases roughly equals a carbon price of 83.7 CNY/t-CO2(about 12 USD/t-CO2) for chemical companies and around 40 CNY/t-CO2(about 6 USD/t-CO2) for iron and steel and cement sectors. This result provides a meaningful referendum for the development of carbon tax and the establishment of a domestic carbon emissions trading scheme in China, especially from the perspective of surveyed industries.