A Research On The Interactive Effects Between The Merger And Reorganization Of China’s Coal Industry And The Implementation Of Carbon Tax

Coal is China’s leading energy and important industrial raw materials, and the coal-dominated energy structure will not change easily in the future. However, the problems which have long been in coal industry are increasingly prominent. Such as the concentration of coal industry market is too low, the contradiction between the characteristics of the high carbon emission and the reduction targets is intensifying emissions. In order to solve these problems, the merger and reorganization of the coal industry and the implementation carbon tax become the policy options. While what the policy effects of the merger and reorganization of the coal industry and implementation of the carbon tax will bring about, and the interactive effects as well as the interactive mechanisms between them all need the deep research.At this stage, China’s government-led merger and reorganization in the coal industry due to the not fully market-oriented reform of the coal and related industries, but there are many problems in the government-led coal industry’s merger and reorganization, which are not conducive to the sustainable development of the coal industry, and it needs to transform to market-oriented mode gradually in the future. If the carbon tax is implemented, it will be a correction to the market failure in the problem of coal industry’s carbon emissions, which can promote the healthy development of the coal industry. If there is a positive interaction between them, it will be a great significance to the optimum development of China’s coal industry.To study the interactive effects between them, the contents of the interactive effects between them need to be analyzed firstly, while the interactive effects should be summarized from their separate policy effects. The policy effects include the positive effects and negative effects. To the merger and reorganization of the coal industry, the positive effects are, it could help to improve the coal industry competitiveness, the business conditions, and the market operating mechanism of the coal industry, etc. The negative effects are mainly manifested in the excessive rapidly merger and reorganization of coal enterprises, which is not conducive to achieve the goal of integration, and there maybe the inefficient or ineffective merger and reorganization. Positive effects of carbon tax are manifested in helping to correct the market failures, promoting the technological progress of coal enterprises. The negative effects are manifested in the undermining the competitiveness of coal industry at some extent, and increasing tax and fee burden. Based on the above analysis, the interactive effects between the merger and reorganization of China’s coal industry and the implementation of carbon tax include mutual promotion and mutual restraint effects. The mutual promotion effects manifest in helping to achieve each policy’s objectives, while mutual restraint effects manifest in that there are some deviation to the carbon tax’s target due to many problems in the government-led coal industry’s merger and reorganization, and the unreasonable carbon tax institution is not conducive to the propulsion of China’s coal industry’s merger and reorganization.The interaction mechanism is the inner cause of interactive effect, and the interaction mechanism can also be summarized from the mechanisms of the two separate policy effects. In the mechanism of policy effects, the policy effects of the merger and reorganization of the coal industry and the implementation of carbon tax mainly cause by the market environment and enterprises subjects, but they all link to the competitiveness of enterprises ultimately. In the interactive mechanisms, technological progress is the core of the interaction mechanism, and the market environment is the external security of the interactive mechanism.Therefore, the government-led merger and reorganization should transform to the market-led gradually, and continue to promote coal and related industries’market oriented reform. The external environment which is conducive to the coal industry’s technological progress should be nurtured, and the coal industry’s science and technology innovation system should be set up and improved. Considering an appropriate time to levy the carbon tax, and the tax rate should be selected appropriated. The return mechanism of carbon tax needs to be established. Such policy recommendations will promote the positive interaction between the merger and reorganization of China’s coal industry and the implementation of carbon tax.