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Author:

Zhao Lixiang (Zhao Lixiang.) (Scholars:赵立祥) | Yang Chuxiao (Yang Chuxiao.)

Indexed by:

SCIE

Abstract:

For studying new and renewable energy as a substitute for fossil energy in primary energy consumption and its impact on carbon emissions to cope with economic uncertainties, a multi-sector DSGE model was employed to simulate the dynamic impact on carbon emissions and macroeconomic development. The structural adjustment of energy consumption and the carbon emissions mitigation policy were considered in the model. The simulation results showed that using new and renewable energy instead of fossil energy is an optimal choice for the firms to comply with the regulations of carbon emission mitigation policy. Structural adjustment of energy consumption is the best route to achieve the dual goal of economic development and carbon emission reduction. Unexpected sharp fall in free carbon quota has a negative impact on the economy.

Keyword:

new and renewable energy carbon emission reduction energy substitution traditional fossil energy

Author Community:

  • [ 1 ] [Zhao Lixiang]Beijing Univ Technol, Appl Econ Dept, Coll Econ & Management, Beijing 100124, Peoples R China
  • [ 2 ] [Yang Chuxiao]Beijing Univ Technol, Appl Econ Dept, Coll Econ & Management, Beijing 100124, Peoples R China

Reprint Author's Address:

  • [Yang Chuxiao]Beijing Univ Technol, Appl Econ Dept, Coll Econ & Management, Beijing 100124, Peoples R China

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Related Keywords:

Source :

CHINA PETROLEUM PROCESSING & PETROCHEMICAL TECHNOLOGY

ISSN: 1008-6234

Year: 2019

Issue: 4

Volume: 21

Page: 58-67

0 . 9 0 0

JCR@2022

ESI Discipline: ENGINEERING;

ESI HC Threshold:136

JCR Journal Grade:4

Cited Count:

WoS CC Cited Count: 5

SCOPUS Cited Count:

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 1

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