scholarly journals Quota Allocation for Carbon Emissions in China′s Electric Power Industry Based Upon the Fairness Principle

Energies ◽  
2018 ◽  
Vol 11 (9) ◽  
pp. 2256 ◽  
Author(s):  
Ming Meng ◽  
Lixue Wang ◽  
Qu Chen
Keyword(s):  
Electric Power ◽  
Carbon Emissions ◽  
Carbon Emission ◽  
Electric Power Industry ◽  
Power Industry ◽  
Total Carbon ◽  
Carbon Mitigation ◽  
Power Sector ◽  
Quota Allocation ◽  
Electric Power Sector

As an essential measure to mitigate the CO2 emissions, China is constructing a nationwide carbon emission trading (CET) market. The electric power industry is the first sector that will be introduced into this market, but the quota allocation scheme, as the key foundation of market transactions, is still undetermined. This research employed the gross domestic product (GDP), energy consumption, and electric generation data of 30 provinces from 2001 to 2015, a hybrid trend forecasting model, and a three-indicator allocation model to measure the provincial quota allocation for carbon emissions in China′s electric power sector. The conclusions drawn from the empirical analysis can be summarized as follows: (1) The carbon emission peak in China′s electric power sector will appear in 2027, and peak emissions will be 3.63 billion tons, which will surpass the total carbon emissions of the European Union (EU) and approximately equal to 2/3 of the United States of America (USA). (2) The developed provinces that are supported by traditional industries should take more responsibility for carbon mitigation. (3) Nine provinces are expected to be the buyers in the CET market. These provinces are mostly located in eastern China, and account for approximately 63.65% of China′s carbon emissions generated by the electric power sector. (4) The long-distance electric power transmission shifts the carbon emissions and then has an impact on the quotas allocation for carbon emissions. (5) The development and effective utilization of clean power generation will play a positive role for carbon mitigation in China′s electric sector.

scholarly journals The Sustainability of Energy Substitution in the Chinese Electric Power Sector

2020 ◽  
Vol 12 (13) ◽  
pp. 5463
Author(s):  
Ying Li ◽  
Yue Xia ◽  
Yang-Che Wu ◽  
Wing-Keung Wong
Keyword(s):  
Human Capital ◽  
Energy Conservation ◽  
Cost Function ◽  
Electric Power ◽  
Electric Power Industry ◽  
Power Industry ◽  
Power Sector ◽  
Capital Input ◽  
Energy Substitution ◽  
Electric Power Sector

The Chinese electric power industry, including its coal industry and other energy industries that are not efficient, contributes to China’s serious energy shortages and environmental contamination. The governing authority considers energy conservation to be one of the most prominent national targets, and has formulated various plans for decarbonizing the power system. Applying the trans-log cost function, this paper examined the trans-log cost function to analyze the potential inter-factor substitution among energy, capital and labor. We also investigated what role human capital played in energy substitution for the electric power sector during the period from 1981 to 2017. Three key results were derived: (1) energy is price-insensitive, (2) there exists large substitution sustainability between both capital and labor with energy, and (3) human capital input not only enhances the extent of energy substitutability with capital and labor but also is a substitute to energy itself. These findings imply that the liberalization of the electric price mechanism is conducive to lessening energy use and augmenting non-energy intensiveness, and that energy conservation technology could become more sustainable by investing more capital in the electricity sector, thereby achieving a capital–energy substitution and a decrease of CO2 emissions. We further suggest that the priority for the Chinese electric power industry should be to attach more importance to increasing human capital input.

scholarly journals Allocation Model of Carbon Emission Permits for the Electric Power Industry with a Combination Subjective and Objective Weighting Approach

Energies ◽  
2020 ◽  
Vol 13 (3) ◽  
pp. 706 ◽  
Author(s):  
Xianxian Pan ◽  
Hong Liu ◽  
Jiajia Huan ◽  
Yu Sui ◽  
Haifeng Hong
Keyword(s):  
Electric Power ◽  
Carbon Emissions ◽  
Carbon Emission ◽  
Electric Power Industry ◽  
Power Industry ◽  
Emissions Reduction ◽  
Entropy Weight ◽  
Emission Permits ◽  
Allocation Model ◽  
Carbon Emissions Reduction

The electric power industry plays a vital role in carbon emissions reduction efforts. The initial allocation of carbon emission permits to the electric power industry is the key to ensuring the effective operation of the carbon trading market. In this study, the multiple correlated factors that affect the carbon emission permit allocation system were extracted. Then, based on the experts’ knowledge and experience, the subjective weight of each index was determined using an improved analytic hierarchy process. Subsequently, the indices were mapped using an improved entropy weight method, and the objective weight of each index was adaptively determined. Finally, the comprehensive weight of each index was determined by optimizing the combination of its subjective and objective weights, and an allocation model of carbon emission permits for the electric power industry was established. A case study of a province by comparative simulation was performed. The simulation results showed that compared with conventional allocation schemes that consider single factors, the theoretical estimates obtained using the proposed model more objectively reflected the actual situation of carbon emissions reduction permits and responsibilities in the region.

scholarly journals Restructuring of Electric Power Sector: The Transition from Monopoly to Competitive Market Conditions

2021 ◽  
Vol 04 (01) ◽  
Author(s):  
Dario Maradin ◽  
Keyword(s):  
Electric Power ◽  
Electric Power Industry ◽  
Power Industry ◽  
Competitive Market ◽  
Structural Reforms ◽  
Power Sector ◽  
Market Conditions ◽  
Economic Relations ◽  
Electric Power Sector ◽  
Business Entities

The electric power sector is facing comprehensive changes reflected in the reorganization of the entire market, in the economic relations management and the technical and technological functioning of companies. The changes are in fact a consequence of various restructuring processes in the electric power sector, which are parallelly unfolding depending on the course and dynamics of the structural reforms implementation. In the electric power industry, these processes primarily involve liberalization, namely, opening the market to all business entities, and thus introducing competition to the electricity power market. The establishment of competition in the electric power industry is facilitated by the process of vertical unbundling of electric power activities, which can be divided into market-oriented and regulated activities. The purpose of this paper is to present the structural reforms and processes of restructuring the electric power industry which is transforming from monopoly market structures to competitive market conditions.

scholarly journals Integrated Planning for Regional Electric Power System Management with Risk Measure and Carbon Emission Constraints: A Case Study of the Xinjiang Uygur Autonomous Region, China

Energies ◽  
2019 ◽  
Vol 12 (4) ◽  
pp. 601 ◽  
Author(s):  
Yulei Xie ◽  
Zhenghui Fu ◽  
Dehong Xia ◽  
Wentao Lu ◽  
Guohe Huang ◽  
...  
Keyword(s):  
Electric Power ◽  
Carbon Emissions ◽  
Emission Reduction ◽  
Carbon Capture ◽  
Risk Measure ◽  
Electric Power Industry ◽  
Power Industry ◽  
Electric Power System ◽  
Total Carbon ◽  
Carbon Reduction

With the carbon reduction targets being set in the Paris Agreement on Climate Change, China is facing great pressure to meet its emission reduction commitment. The electric power industry as the major source of carbon emissions needs to be a focus. However, the uncertainty of power systems, the risk of reducing emissions and the fuzziness of carbon capture technology popularization rate and carbon reduction targets makes previous planning methods unsatisfactory for current planning. This paper establishes an interval fuzzy programming with a risk measure model which takes carbon capture technology and carbon reduction targets into account, to ensure that the complex electric management system achieves the best developmental state. It was concluded that in order to reduce carbon emissions, wind power and hydropower would be the best choices, and coal-fired power would be the suboptimal choice, and solar power would play a complementary role. Besides, decision makers should put much more effort into promoting and improving carbon capture technology instead of simply setting emission reduction targets. The non-synchronism of the downward trend in carbon emissions per unit of electricity generation and electric power industry total carbon emissions need to be taken seriously.

scholarly journals Performance of the Public Electric Power Industry: Evidence from Pakistan

2001 ◽  
Vol 40 (2) ◽  
pp. 115-133
Author(s):  
Abdul Ghafoor ◽  
Jhon Weiss
Keyword(s):  
Electric Power ◽  
Economies Of Scale ◽  
Electric Power Industry ◽  
Factor Productivity ◽  
Public Infrastructure ◽  
Power Sector ◽  
Firm Level ◽  
The Public ◽  
Electric Power Sector ◽  
Productivity Indicators

The study investigates the performance of electric power sector of Pakistan at the firm level, as well as the sector as a whole. It identifies and attempts to quantify the extent of inefficiencies. Since either physical or financial or productivity indicators alone are not able to explain the duality of public infrastructure purposes and the complexity of their multi-dimensional goals, a set of relevant physical, financial, and productivity indicators have been used in evaluating the performance of this sector. Further, a Cobb- Douglas production function has also been used to calculate the trend in the growth of total factor productivity. Economies of scale have also been studied in the case of electric power generation.

scholarly journals Russian-Chinese Cooperation Prospects in the Electric Power Industry

2020 ◽  
Vol 9 (27) ◽  
pp. 570-577
Author(s):  
Olga Aleksandrovna Zhdanova ◽  
Tatiana Grigorievna Bondarenko ◽  
Margarita Vasilievna Pashkovskaya ◽  
Svetlana Vladimirovna Plyasova
Keyword(s):  
Electric Power ◽  
Electric Power Industry ◽  
Power Market ◽  
Electric Power Market ◽  
Power Sector ◽  
Demand And Supply ◽  
Electric Power Sector ◽  
Trading Partners ◽  
Belt And Road

Russia and China have long been trading partners and cooperated in most industries, including the electric power sector. Even with close and long-standing ties, the further scope of Russian-Chinese relations in the electric power sector should be defined taking into account China's currently implemented Belt and Road Initiative requiring enormous resources, particularly in commodities. An analysis of Russia's electric power market shows an imbalance between the levels of demand and supply skewing to the supply side. Russian excess supply of electricity could be feasibly channelled to China under long-term contracts. For now, such supplies have not been operated at the levels planned several years ago, which indicates low utilisation of the existing potential of cooperation between the countries in the sector. Besides, considerable potential exists for partnership between Russia and China in upgrading electric power facilities and supplying electricity equipment and its subsequent maintenance.

Optimization of China’s electric power sector targeting water stress and carbon emissions

2020 ◽  
Vol 271 ◽  
pp. 115221
Author(s):  
Yiyi Zhang ◽  
Jiaqi Wang ◽  
Linmei Zhang ◽  
Jiefeng Liu ◽  
Hanbo Zheng ◽  
...  
Keyword(s):  
Water Stress ◽  
Electric Power ◽  
Carbon Emissions ◽  
Power Sector ◽  
Electric Power Sector
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