The impact of electricity-carbon market coupling on system marginal clearing price and power supply cost.

In this study, we assessed the impacts of the benchmark designs of emissions allowance allocation in China's national carbon emissions trading system with plant-level data and further estimated the marginal clearing price and power supply cost in Guangdong power market under electricity-carbon market coupling with unit commitment and economic dispatch model. We find that the existing allowances benchmark would result in a considerable surplus of allowances at about 222 Mt. But the benchmarking and exemplary levels on the heat rate of power supply would motivate thermal power units to reduce CO emissions.

Mapping the economy of coal power plants retrofitted with post-combustion and biomass co-firing carbon capture in China.

As a major carbon-emitting country, China has considerable potential for carbon capture and storage (CCS) applications, but economics is critical for CCS deployment. In this study, the levelized cost of electricity (LCOE) at province level was calculated for operational coal-fired power plants after post-combustion carbon capture (CC) retrofitting. The costs of captured CO and avoided CO were then compared.

Can China achieve its climate pledge: a multi-scenario simulation of China's energy-related CO emission pathways based on Kaya identity.

China is currently in the process of the middle and late stage of industrialization, and energy-related CO emissions have reached 10 Gt. This paper models energy consumption and related CO emissions and analyzes the development trends of various driving factors of CO emissions, explicitly considering China's economic and social development goals in the medium- and long-term. Different scenarios for 2020-2060 are projected based on the Kaya identity.

Driving factors of carbon emissions in China's municipalities: a LMDI approach.

China, as the world's largest carbon dioxide emitter, is bound to assume the important responsibility of energy conservation and emission reduction. To this end, each city, led by representative municipalities, must enhance efforts in carbon emission reduction to jointly realize China's low-carbon transition. Taking four representative municipalities, namely, Beijing, Tianjin, Shanghai, and Chongqing as the case cities, this paper establishes a decomposition analysis for the driving factors of carbon emissions by applying the LMDI method covering data from 2007 to 2017.

A panel empirical modeling on the driving factors of provincial electricity consumption in China.

This study aims to explore the relationships between electricity consumption and per capita GDP, urbanization rate, and the proportion of tertiary industry in China during 2005-2018. The results demonstrate that electricity consumption and its determinants are cointegrated. Then fully modified ordinary least square (FMOLS) and fixed effect with varying coefficients and intercept techniques are used to explore the relationships.

Concentrated solar power: technology, economy analysis, and policy implications in China.

Renewable energy plays a significant role in achieving energy savings and emission reduction. As a sustainable and environmental friendly renewable energy power technology, concentrated solar power (CSP) integrates power generation and energy storage to ensure the smooth operation of the power system. However, the cost of CSP is an obstacle hampering the commercialization of this emerging industry, so the paper studies the technical characteristics, economic analysis, and policy implications of CSP.

The role of national carbon pricing in phasing out China's coal power.

As the country with the world's largest coal power capacity, China is launching a national carbon market. How the carbon pricing may contribute to phasing out China's coal power is a great concern. We collect full-sample data set of China's 4540 operating coal plant units and develop a stochastic Monte-Carlo financial model to assess the financial sustainability of the plant operation.

A plant-by-plant strategy for high-ambition coal power phaseout in China.

More than half of current coal power capacity is in China. A key strategy for meeting China's 2060 carbon neutrality goal and the global 1.5 °C climate goal is to rapidly shift away from unabated coal use.

An empirical analysis of the non-linear effects of natural gas, nuclear energy, renewable energy and ICT-Trade in leading CO emitter countries: Policy towards CO mitigation and economic sustainability.

Achieving reliable energy supply and environment sustainability whereby mitigating CO emissions and promoting sustainable development has become a global effort. Thus, the current study intends to verify the non-linear influence effects of natural gas, nuclear energy, renewable energy and information and communication technology trade on economic growth and carbon dioxide emission in ten leading CO emitter countries from 20002016. The panel regression, such as pooled regression, model fixed effect, random effects, robust least squares and panel causation procedures are applied for panel data appraisal.

Levelized cost of offshore wind power in China.

With the deepening implementation of the energy revolution and the advent of the era in which renewable energy will be grid parity, China's offshore wind power projects have gradually taking steps to shape a large-scale development. This paper reviews the relevant policies for offshore wind power, adopting the levelized cost of electricity (LCOE) model to conduct an economic evaluation of offshore wind power projects in six typical provinces in China. Among the six provinces studied in this paper, Hebei Province has the highest LCOE value of 0.

Driving forces of carbon emissions in China: a provincial analysis.

China is the largest carbon dioxide emitter in the world. Over the past decades, China has made great efforts to retard the carbon emission growth. This paper aims to quantify the driving forces of stagewise provincial carbon emission changes and expound the bottom-up provincial efforts aligned with China's carbon abatement targets.

China's power transition under the global 1.5 °C target: preliminary feasibility study and prospect.

Based on the 1.5 °C temperature control target of the Paris Agreement, the two scenarios in this paper which are 1.5 degree scenario (1.

Wind power integration and emission reduction via coal power retrofits in China's quota-based dispatch system: a case study of Jilin Province.

As China expands the renewable share in its power system, coal power is regulated to balance load by adjusting output to meet system demand at all times. In 2016, the Chinese government required existing coal fleets to conduct flexibility retrofits to accommodate more renewable power. We conduct this study to evaluate how coal power retrofits could affect wind integration and emissions at a system level.

Economic growth, energy consumption, and carbon emission nexus: fresh evidence from developing countries.

The developing countries and emerging economies are crucially contributing to global economic development, energy transition, and climate governance. This paper employs panel cointegration technique to investigate the long-run relationship between carbon emissions and five impacting factors (per capita GDP, primary energy consumption, international trade, fossil proportion, and quadratic per capita GDP) in 50 representative developing countries during 1995-2017. The empirical findings confirm the existence of long-run equilibrium, and the regressing coefficients of fully-modified OLS (FMOLS) indicate that (a) impacting features of the inverted U-shaped curve of Environmental Kuznets Curve (EKC) theory appear in a few countries, such as Mexico, Croatia, Kazakhstan, Iran, Algeria, Indonesia, and Thailand; (b) the energy consumption has statistically positive and significant impacts on boosting the carbon emissions; (c) the negative effect of international trade emerges in the developing nations enjoying trade surpluses; and (d) fossil energy share poses a mixed impact.

Carbon emission intensity of electricity generation in Belt and Road Initiative countries: a benchmarking analysis.

The scope of this study is to analyze the carbon emissions intensity of electricity generation in "Belt and Road Initiative" (BRI) countries. The total CO emissions from electricity generation in BRI nations increases from 4232.34 Mt in 2013 to 4402.

Virtual CO Emission Flows in the Global Electricity Trade Network.

Quantifying greenhouse gas emissions due to electricity consumption is crucial for climate mitigation in the electric power sector. Current practices primarily use production-based emission factors to quantify emissions for electricity consumption, assuming production and consumption of electricity take place within the same region. The increasingly intensified cross-border electricity trade complicates the accounting for emissions of electricity consumption.