Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)

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Framework Design and Mechanism Evaluation of Personal Carbon Emissions Trading

Authors
Mingze Wu1, *
1School of Economics, Shanghai University, 599 Shangda Road, Shanghai, Baoshan District, China
*Corresponding author. Email: wumingze1999@163.com
Corresponding Author
Mingze Wu
Available Online 31 December 2022.
DOI
10.2991/978-94-6463-036-7_139How to use a DOI?
Keywords
Personal carbon trading; Framework design; Mechanism evaluation
ABSTRACT

The climate crisis is a severe environmental issue currently faced by all mankind. Carbon dioxide emissions caused by household energy consumption are playing an increasingly dominant role. Personal carbon trading is a market mechanism targeted at consumers for carbon emission reduction, aiming to promote carbon emission reduction in household energy consumption. It is a policy proposal that has received considerable attention in recent years. This paper reviews the development of personal carbon trading, explores the model and operational mechanism of personal carbon trading from differences in range, distribution, and pricing, and evaluates the mechanism from equity, efficiency, and effectiveness. It is concluded that personal carbon trading can internalize the externalities of consumers’ personal carbon emissions and incentivize consumers to participate in carbon emission reduction through a price signal. Personal carbon trading is an organic innovation of a binding market economic instrument and voluntary policy tools, enabling every citizen to consciously participate in environmental policy practice. It is of great significance to achieving the “double carbon” goal and high-quality and sustainable economic development.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
31 December 2022
ISBN
10.2991/978-94-6463-036-7_139
ISSN
2352-5428
DOI
10.2991/978-94-6463-036-7_139How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Mingze Wu
PY  - 2022
DA  - 2022/12/31
TI  - Framework Design and Mechanism Evaluation of Personal Carbon Emissions Trading
BT  - Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
PB  - Atlantis Press
SP  - 944
EP  - 950
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-036-7_139
DO  - 10.2991/978-94-6463-036-7_139
ID  - Wu2022
ER  -