Search

This paper proposes a novel aviation CO 2 emissions reduction method by introducing a market-based incentive mechanism. An aviation carbon emissions prediction model is proposed to characterize both the microscopic flight dynamics and the macroscopic air traffic demand trend. Based on emissions prediction, a linear climate response model is applied to evaluate the environmental impact of the aviation carbon emissions. Finally, a market-based framework for aviation CO 2 emissions reduction is established based on a two-phase carbon trading model, which provides a piecewise charge method through emission taxation and cap-and-trade. A case study is carried out to demonstrate the effectiveness of the proposed framework using a real-world dataset from the Hefei Air Traffic Control Zone in China. Three scenarios are defined to describe the possible development speed of sustainable aviation fuel application in the future: not applied, medium-speed development, and high-speed development. The results show that the carbon peak will be reached in 2025 in the high-speed development scenario, when the emission amount and associated environmental impact will be reduced by 23.7% and 22.3%, respectively. Thus, the market-based framework proposed in this paper can effectively reduce aviation CO 2 emissions and mitigate the effects of global warming. • An aviation CO 2 emissions prediction model is proposed considering both microscopic flight dynamics and macroscopic traffic demand. • A more efficient market-based CO 2 emission reduction framework is developed based on a two-phase carbon trading model by means of taxation and cap-and-trade. • Case study shows that the proposed method has a more optimal incentive for CO 2 emission reduction. [ABSTRACT FROM AUTHOR]

Climate change is currently the biggest environmental challenge facing sustainable development in human society, and it is an inherent requirement for achieving sustainable development by actively addressing climate change. Under the increasingly strict constraints of climate governance, developed countries such as the United States, European Union countries, and Japan have responded and actively formulated low-carbon development goals and policy measures that are in line with their national conditions. These policies mainly involve various fields such as low-carbon technology, energy conservation and emission reduction, and circular development, with clear policy guidance. In this paper, the evolution of policies on marine carbon sink and carbon trading in China is summarized, providing support for better understanding the background of formulating relevant international and domestic policies. [ABSTRACT FROM AUTHOR]

This study explores the impact of political uncertainty on sustainable urban development by examining carbon emission trading systems (ETS) in four major markets in China (Beijing, Shanghai, Guangdong, and Hubei) from 2014 to 2022. As an alternative to carbon taxes, carbon ETS markets have become increasingly popular due to their success in reducing greenhouse gas emissions. However, their effectiveness is often hindered by political instability and uncertainty. Utilising logistic regression and AR(1)-GARCH estimations, we identify a negative relationship between political uncertainty and carbon trading volume. Our study also reveals significant variations in the responses of these markets to political uncertainty. The paper contributes to the understanding of how ETS markets operate in a complex and constantly changing political environment. We suggest that policymakers need to consider the impact of political uncertainty on carbon trading when designing and implementing urban policies that promote sustainable development. Additionally, our research contributes to the development of urban policies that can be effectively implemented in both developed and developing regions. • Local government official turnovers are used as the measurement of political uncertainty. • Daily transaction data from four carbon ETS markets (Beijing, Shanghai, Hubei and Guangdong) in China • Considered the probability and proportion of zero transaction day • Logistic regression and AR(1)-GARCH estimations • A negative relationship between political uncertainty and carbon transaction volume [ABSTRACT FROM AUTHOR]

Under the pressures of climate change, many countries are trying to adapt to a low-carbon economy. In this paper, we review the development pattern of the low-carbon economy of major countries and its impact on the world economy. We then argue that economic development and abatement of greenhouse gas (GHG) emissions in China should be balanced. The challenges that China faces should also be considered carefully. It is necessary for China to find an approach to solve the issues of climate change, which should include new technologies and establishing incentive mechanisms and reform-oriented policies. These guidelines can adjust the structure of the economy and energy use, improve energy efficiency, promote the development of alternative and renewable energy, enhance the potential of carbon sinks, and develop advanced technology to perfect a 'Clean Development Mechanism' and sustainable development through international cooperation. [ABSTRACT FROM AUTHOR]