%0 Journal Article %A Dai Hancheng %A Masui Toshihiko %A Ren Songyan %A Wang Peng %A Zhao Daiqing %T Economic Impacts of Carbon Emission Trading: Case Study on Guangdong Province %D 2015 %R 10.3969/j.issn.1673-1719.2015.01.009 %J Advances in Climate Change Research %P 61-67 %V 11 %N 1 %X Using a dynamic two-region computable general equilibrium model, this study conducted a quantitative assessment of the impacts of carbon emission trading on the economy of Guangdong Province, the participating sectors and the carbon trading prices. The results show that, in accordance with the energy conservation scenario to be completed by 2015 (19.5% decline in carbon intensity), GDP will lose 0.7% compared with the baseline scenario; according to a low-carbon scenario to be completed by 2015 (20.5% decline in carbon intensity), GDP will lose 0.9% compared with the baseline scenario; if carbon trading policy is implemented in the low-carbon scenario, GDP will lose 0.8% relative to the baseline scenario. The results show that the carbon trading policy can save about 9 billion yuan RMB. This analysis supports Guangdong Province to achieve both economic development and carbon emission reduction target. %U http://www.climatechange.cn/EN/10.3969/j.issn.1673-1719.2015.01.009