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In this paper, a multi-agent-based ETS simulation model is proposed for carbon allowance auction design in China. In the proposed model, two main agents, i.e., the government (the ETS implementer) and the firms in different sectors (the ETS targets), are considered. Under the ETS policy, all agents make various decisions individually according to their own goals, and interact with each other through...
To develop a low-carbon economy, China launched seven pilot programs for carbon emissions trading (CET) in 2011 and plans to establish a nationwide CET mechanism in 2015. This paper formulated a multi-agent-based model to investigate the impacts of different CET designs in order to find the most appropriate one for China. The proposed bottom-up model includes all main economic agents in a general...
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