Effects of Carbon Policies on Demand Pricing of Forest Carbon Sequestration: A Review of High-Carbon Emission Enterprises in China

Author:

Yang Hong,Long Fei,Zhu Zhen,Pan Rui,Wang Danting,Yang Jun,Shen Yueqin

Abstract

Abstract This study aimed to promote the reasonable pricing of forest carbon sinks and the development of the carbon market. In this study, we utilized four carbon emission-intensive enterprises in the thermal power, steel and chemical industries in Shanghai, Beijing, Guangdong, and Hubei provinces. Based on the marginal carbon emission reduction costs of the sample enterprises, the Rubinstein game model was used to calculate the demand price of forest carbon sinks of the sample enterprises; moreover, the cloud model was used to simulate the impact of policy changes on them. This showed that the demand price of forest carbon sinks for enterprises in different regions and industries is different and there are great differences under different policy scenarios. Notably, the proportion of carbon offset allowed by the government and the amount of carbon subsidies have a positive impact on the demand price of forest carbon sinks; contrastingly, the rate of carbon tax collection has a negative impact. Among them, the allowable offset ratio significantly influences it. We suggest adopting differentiated emission reduction policies, increasing the proportion of forest carbon sequestration offset, and transitioning from a single policy to a diversified comprehensive policy.

Publisher

Research Square Platform LLC

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