Redesigning a cap-and-trade program for air emissions by agent-based modeling

Table 1 Analysis table of total reduction target of pollutants set by different benchmark emissions (Unit: t)

Item		Baseline based on max amount among previous 7 years^c	Baseline based on average amount of previous 7 years	Baseline based on min amount among previous 7 years
PM (10,328)^d	Reduction target	378 (304)^a	1,292 (1,200)^a	1,759 (1,627)^a
	Offset permit	4,082 (3,993)^a	1,377 (1,276)^a	530 (372)^a
	Trading amount	89 (24%)^b	110 (9%)^b	158 (9%)^b
SO_x (26,507)^d	Reduction target	56 (52)^a	1,906 (1,660)^a	6,363 (6,258)^a
	Offset permit	22,220 (22,214)^a	9,385 (9,090)^a	464 (338)^a
	Trading amount	6 (10%)^b	295 (15%)^b	126 (2%)^b
NO_x (37,102)^d	Reduction target	1,398 (1,352)^a	2,306 (2,216)^a	5,786 (5,725)^a
	Offset permit	16,257 (16,202)^a	4,552 (4,444)^a	97 (24)^a
	Trading amount	55 (4%)^b	108 (5%)^b	73 (1%)^b
VOCs (12,046)^d	Reduction target	664 (549)^a	1,462 (1,107)^a	2,414 (2,299)^a
	Offset permit	5,261 (5,123)^a	1,525 (1,099)^a	149 (12)^a
	Trading amount	138 (21%)^b	426 (29%)^b	138 (6%)^b
The number of agents needed to reduce		137	178	194

^a The number inside the parentheses indicates the simulation amount after trading
^b The number inside parentheses indicates trading ratio = (trading amount/reduction target)
^c Baseline setting is original baseline of the emission cap-and-trade program rules
^d Pollutant annual emission

ISSN: 2468-2039