التفاصيل البيبلوغرافية
| العنوان: |
The effect of cap and trade policy on the economy, welfare and renewable energy for the Moroccan case: a partial equilibrium approach |
| المؤلفون: |
Mohamed Adib Ed-daoudi, Kenza Oubejja |
| المصدر: |
African Scientific Journal, Vol 3(N°19), 001, (2023-07-27) |
| بيانات النشر: |
Zenodo |
| سنة النشر: |
2023 |
| المجموعة: |
Zenodo |
| مصطلحات موضوعية: |
Emissions, Partial equilibrium model, Cereals market, Energy, Cap and trade, Renewable energies, African Scientific Journal |
| الوصف: |
In this paper, we are interested in cap-and-trade policy, or the implementation of pollution permits, as a mean to decrease CO2 emissions, which is the main cause of global warming, for the case of Morocco. To do so, we used a partial equilibrium model for the cereals market and the energy sector by simulating three scenarios of total emissions caps, namely a 1% decrease in emissions, a 5% decrease and a 7.5% decrease. We used this approach because we are concerned with one market, namely the cereals market and after designing the model wich is a system of equations capturing the interactions between fossil energy, renewable energy and cereals market, we log-linearized the model that we solved using matrix algebra with Octave. The results show that these forced emissions decreases have a very small effect on the decrease in income representing households welfare, remaining the same even in the 7.5% decrease scenario, as well as an increase in solar energy production and consumption. Therefore, a cap and trade system with a reasonnable cap will reduce emissions without affecting that much households welfare, while encouraging renewable energy production at the same time. Key-words: Emissions, Partial equilibrium model, Cereals market, Energy, Cap and trade, Renewable energies. |
| نوع الوثيقة: |
article in journal/newspaper |
| اللغة: |
unknown |
| Relation: |
https://doi.org/10.5281/zenodo.8189016; https://doi.org/10.5281/zenodo.8189017; oai:zenodo.org:8189017 |
| DOI: |
10.5281/zenodo.8189017 |
| الاتاحة: |
https://doi.org/10.5281/zenodo.8189017 |
| Rights: |
info:eu-repo/semantics/openAccess ; Creative Commons Attribution 4.0 International ; https://creativecommons.org/licenses/by/4.0/legalcode |
| رقم الانضمام: |
edsbas.42003D7E |
| قاعدة البيانات: |
BASE |