Abstract
Low-carbon development requires joint efforts in terms of “carbon reduction” and “carbon sink increase.” This study thus proposes a DICE-DSGE model for exploring the environmental and economic benefits of ocean carbon sinks and provides policy suggestions for marine economic development and carbon emission policy choices. The results are as follows: (1) while the economic benefits of heterogeneous technological shocks are apparent, the environmental benefits of carbon tax and carbon quota shocks are significant; (2) increasing the efficiency of ocean carbon sinks improves the environmental benefits of technological shocks as well as the output benefits of emission reduction tools, while increasing the share of marine output can improve both the economic benefits of technological shocks and the environmental benefits of emission reduction tools; and (3) ocean output proportion has the most considerable positive effect on social welfare, followed by marine total factor productivity (TFP). The correlation effect of ocean carbon sink efficiency is negative.
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Data availability
The data used during the current study are available from the corresponding author on reasonable request.
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This work was supported by the National Social Science Found Major Projects of China (Grant numbers 15ZDB158).
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Conceptualization, Wei Z. H. and Zhao Z. B.; formal analysis, calculating, and writing (original draft preparation), Wei Z. H.; methodology and data curation, Wei Z. H. and Zhao Z. B.; writing (review and editing), Wei Z. H. and Zhao Z. B.; supervision, Xu W. L. Both authors have read and agreed to the published version of the manuscript.
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Wei, Z., Jiang, X., Zhao, Z. et al. Can ocean carbon sink trading achieve economic and environmental benefits? Simulation based on DICE-DSGE model. Environ Sci Pollut Res 30, 72690–72709 (2023). https://doi.org/10.1007/s11356-023-27435-x
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DOI: https://doi.org/10.1007/s11356-023-27435-x