دورية أكاديمية
The effect of cap and trade policy on the economy, welfare and renewable energy for the Moroccan case: a partial equilibrium approach
| العنوان: | The effect of cap and trade policy on the economy, welfare and renewable energy for the Moroccan case: a partial equilibrium approach |
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| المؤلفون: | Ed-daoudi, Mohamed Adib, Oubejja, Kenza |
| المساهمون: | University Mohamed 5 of Rabat |
| المصدر: | ISSN: 2658-9311 ; African Scientific Journal ; https://hal.science/hal-04175968Test ; African Scientific Journal, 2023, 3 (19), ⟨10.5281/zenodo.8189017⟩. |
| بيانات النشر: | HAL CCSD African Scientific Journal |
| سنة النشر: | 2023 |
| المجموعة: | Archive ouverte HAL (Hyper Article en Ligne, CCSD - Centre pour la Communication Scientifique Directe) |
| مصطلحات موضوعية: | Emissions Partial equilibrium model Cereals market Energy Cap and trade Renewable energies, Emissions, Partial equilibrium model, Cereals market, Energy, Cap and trade, Renewable energies, [QFIN]Quantitative Finance [q-fin] |
| 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. |
| نوع الوثيقة: | article in journal/newspaper |
| اللغة: | English |
| العلاقة: | hal-04175968; https://hal.science/hal-04175968Test; https://hal.science/hal-04175968v2/documentTest; https://hal.science/hal-04175968v2/file/N19-01-The%2Beffect%2Bof%2Bcap%2Band%2Btrade%2Bpolicy%2Bon%2Bthe%2Beconomy%2Bwelfare%2Band%2Brenewable%2Benergy%2Bfor%2Bthe%2BMoroccan%2Bcase%2Ba%2Bpartial%2Bequilibrium%2Bapproach.pdfTest |
| DOI: | 10.5281/zenodo.8189017 |
| الإتاحة: | https://doi.org/10.5281/zenodo.8189017Test https://hal.science/hal-04175968Test https://hal.science/hal-04175968v2/documentTest https://hal.science/hal-04175968v2/file/N19-01-The%2Beffect%2Bof%2Bcap%2Band%2Btrade%2Bpolicy%2Bon%2Bthe%2Beconomy%2Bwelfare%2Band%2Brenewable%2Benergy%2Bfor%2Bthe%2BMoroccan%2Bcase%2Ba%2Bpartial%2Bequilibrium%2Bapproach.pdfTest |
| حقوق: | info:eu-repo/semantics/OpenAccess |
| رقم الانضمام: | edsbas.9661C0D1 |
| قاعدة البيانات: | BASE |
| DOI: | 10.5281/zenodo.8189017 |
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