Table 2 Simulation scenario setting.
| Â | Scenario | Description | Decline rate of carbon intensity (%) |
|---|---|---|---|
Single policy | S1 | Carbon ETS only | 4.50% |
Neutral ETS through subsidies | SUB-ETS | Subsidies for ETS-covered sectors | |
SUB-NETS | Subsidies for Non-ETS covered sectors | ||
SUB-ALL | Subsidies for all sectors | ||
Neutral ETS through VAT reduction | VAT-ETS | VAT reduction for ETS-covered sectors | |
VAT-NETS | VAT reduction for non-ETS covered sectors | ||
VAT-ALL | VAT reduction for all sectors |
