Next Article in Journal
The Tripartite Game Model for Electricity Pricing in Consideration of the Power Quality
Next Article in Special Issue
Wide Area Coordinated Control of Multi-FACTS Devices to Damp Power System Oscillations
Previous Article in Journal
A Three-Phase Four-Leg Inverter-Based Active Power Filter for Unbalanced Current Compensation Using a Petri Probabilistic Fuzzy Neural Network
Previous Article in Special Issue
Coal Supply Chains: A Whole-Process-Based Measurement of Carbon Emissions in a Mining City of China
Article Menu
Issue 12 (December) cover image

Export Article

Open AccessArticle
Energies 2017, 10(12), 2026; doi:10.3390/en10122026

Research on CO2 Emission Reduction Mechanism of China’s Iron and Steel Industry under Various Emission Reduction Policies

1
Key Laboratory of Ocean Energy Utilization and Energy Conservation of Ministry of Education, Dalian University of Technology, Dalian 116024, China
2
Faculty of Management and Economics, Dalian University of Technology, Dalian 116024, China
*
Author to whom correspondence should be addressed.
Received: 11 October 2017 / Revised: 17 November 2017 / Accepted: 22 November 2017 / Published: 1 December 2017
View Full-Text   |   Download PDF [2748 KB, uploaded 1 December 2017]   |  

Abstract

In this paper, a two-stage dynamic game model of China’s iron and steel industry is constructed. Carbon tax levy, product subsidy, carbon capture and sequestration (CCS) and other factors are included in the emission reduction mechanism. The effects of emissions reduction and the economic impact of China’s overall steel industry (and that of its six main regions) are investigated for the first time under different scenarios. As new findings, we report the following: (1) Not all factors declined. The overall social welfare, consumer surplus, output and emissions decrease with a gradual increase in the reduction target, whereas the carbon tax value, unit value of product subsidies and total subsidies show a rising trend; (2) A combination of multiple emissions reduction policies is more effective than a single policy. With the implementation of a combined policy, regional output polarization has eased; (3) Steel output does not exceed 950 million tons, far below the current peak. These results will help the industry to formulate reasonable emissions reduction and output targets. In short, in effort to eliminate industry poverty and to alleviate overcapacity, the industry should not only adopt the various coordinated reduction policies, but also fully consider regional differences and reduction needs. View Full-Text
Keywords: emission reduction mechanism research; China’s iron and steel industry; a two-stage dynamic game; inter-regional product yield selection emission reduction mechanism research; China’s iron and steel industry; a two-stage dynamic game; inter-regional product yield selection
Figures

Figure 1

This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

Supplementary material

Scifeed alert for new publications

Never miss any articles matching your research from any publisher
  • Get alerts for new papers matching your research
  • Find out the new papers from selected authors
  • Updated daily for 49'000+ journals and 6000+ publishers
  • Define your Scifeed now

SciFeed Share & Cite This Article

MDPI and ACS Style

Duan, Y.; Li, N.; Mu, H.; Gui, S. Research on CO2 Emission Reduction Mechanism of China’s Iron and Steel Industry under Various Emission Reduction Policies. Energies 2017, 10, 2026.

Show more citation formats Show less citations formats

Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Related Articles

Article Metrics

Article Access Statistics

1

Comments

[Return to top]
Energies EISSN 1996-1073 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
Back to Top