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- Publisher Website: 10.1080/12265934.2020.1869582
- Scopus: eid_2-s2.0-85099350603
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Article: Economic and land use impacts of net zero-emission target in New Zealand
Title | Economic and land use impacts of net zero-emission target in New Zealand |
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Authors | |
Keywords | CGE modelling carbon emission units land use carbon dioxide emissions mechanism zero carbon act |
Issue Date | 2021 |
Publisher | Routledge. The Journal's web site is located at http://www.tandfonline.com/loi/rjus20 |
Citation | International Journal of Urban Sciences, 2021, Epub 2021-01-11 How to Cite? |
Abstract | In this study, we examine the economic impacts of net zero-emission target in New Zealand, applying an integrated forest-computable general equilibrium model. The model is set to simulate equilibrium carbon permit price and sectoral output levels given the emission trading market, which is also endogenously determined within the model. When the agricultural sector is subject to a legally binding target, an equilibrium carbon permit price is estimated to be NZ$85/tCO2e (US$60/tCO2e) and this results in a 1.4% loss of gross domestic product from the baseline level and a 22% reduction of greenhouse gas emissions. Exclusion of the agricultural sector, however, would reduce the permit price to NZ$68/tCO2e (US$48/tCO2e) and lead to a 1.2% loss of gross domestic product and a 5% emissions reduction. This result suggests that the inclusion of the agriculture sector in the emissions trading scheme requires costs for policy compliance but can be cost-effective. It drives up compliance costs by 17%, but leads to 4.4 times the absolute emissions reduction expected when the agriculture sector is excluded. |
Persistent Identifier | http://hdl.handle.net/10722/295874 |
ISSN | 2023 Impact Factor: 2.9 2023 SCImago Journal Rankings: 0.697 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Wang, Y | - |
dc.contributor.author | Sharp, B | - |
dc.contributor.author | Poletti, S | - |
dc.contributor.author | Nam, KM | - |
dc.date.accessioned | 2021-02-08T08:15:15Z | - |
dc.date.available | 2021-02-08T08:15:15Z | - |
dc.date.issued | 2021 | - |
dc.identifier.citation | International Journal of Urban Sciences, 2021, Epub 2021-01-11 | - |
dc.identifier.issn | 1226-5934 | - |
dc.identifier.uri | http://hdl.handle.net/10722/295874 | - |
dc.description.abstract | In this study, we examine the economic impacts of net zero-emission target in New Zealand, applying an integrated forest-computable general equilibrium model. The model is set to simulate equilibrium carbon permit price and sectoral output levels given the emission trading market, which is also endogenously determined within the model. When the agricultural sector is subject to a legally binding target, an equilibrium carbon permit price is estimated to be NZ$85/tCO2e (US$60/tCO2e) and this results in a 1.4% loss of gross domestic product from the baseline level and a 22% reduction of greenhouse gas emissions. Exclusion of the agricultural sector, however, would reduce the permit price to NZ$68/tCO2e (US$48/tCO2e) and lead to a 1.2% loss of gross domestic product and a 5% emissions reduction. This result suggests that the inclusion of the agriculture sector in the emissions trading scheme requires costs for policy compliance but can be cost-effective. It drives up compliance costs by 17%, but leads to 4.4 times the absolute emissions reduction expected when the agriculture sector is excluded. | - |
dc.language | eng | - |
dc.publisher | Routledge. The Journal's web site is located at http://www.tandfonline.com/loi/rjus20 | - |
dc.relation.ispartof | International Journal of Urban Sciences | - |
dc.rights | This is an Accepted Manuscript of an article published by Taylor & Francis in [JOURNAL TITLE] on [date of publication], available online: http://www.tandfonline.com/[Article DOI]. | - |
dc.subject | CGE modelling | - |
dc.subject | carbon emission units | - |
dc.subject | land use | - |
dc.subject | carbon dioxide emissions mechanism | - |
dc.subject | zero carbon act | - |
dc.title | Economic and land use impacts of net zero-emission target in New Zealand | - |
dc.type | Article | - |
dc.identifier.email | Nam, KM: kmnam@hku.hk | - |
dc.identifier.authority | Nam, KM=rp01953 | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1080/12265934.2020.1869582 | - |
dc.identifier.scopus | eid_2-s2.0-85099350603 | - |
dc.identifier.hkuros | 321193 | - |
dc.identifier.volume | Epub 2021-01-11 | - |
dc.identifier.spage | 1 | - |
dc.identifier.epage | 18 | - |
dc.identifier.isi | WOS:000606868900001 | - |
dc.publisher.place | United Kingdom | - |