Table 5.

The changes of the overall industry indicators under the carbon trade mechanism, the emission reduction target is 15%−20%, the substitution coefficient is 0.95

Emission reduction target15%16%17%18%19%20%
Carbon tax value (Yuan)15.3519.1623.3627.9332.8738.19
Production (100 million tons)8.82128.81238.80268.79228.78128.7694
Rate of change, production (with 15% as the base)−0.10%−0.21%−0.33%−0.45%−0.59%
Rate of change, social welfare (with 15% as the base)−0.02%−0.04%−0.06%−0.09%−0.12%
Rate of change, producer surplus (with 15% as the base)−0.06%−0.12%−0.20%−0.27%−0.36%

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