A generation planning model of six main power grids in China is developed to evaluate the potential of advanced power generation technologies into the Chinese power system as CDM （clean development mechanism）. It is...A generation planning model of six main power grids in China is developed to evaluate the potential of advanced power generation technologies into the Chinese power system as CDM （clean development mechanism）. It is investigated how delivered coal price, on-grid power price, and environmental protection may influence the potential of advanced thermal power generation as CDM projects. One finding from the baseline analysis is that coal price, on-grid power price, and environmental protection policy have only a small significance to the grid-wide specific CO2 emissions of thermal power generation up to the year 2026, while the best thermal generation mix is influenced largely by environmental protection policy. And it is found that not only the price of CER （certified emission reduction） and the length of crediting period but also on-grid power price and the reduction of air pollutants in the baseline have a significant influence on the potential of the CDM activities.展开更多
As an active trader in international crude oil and petroleum product markets, Australia＇s human welfare is affected by oil crisis and contagion from the perspectives of economic growth, income inequality, and environ...As an active trader in international crude oil and petroleum product markets, Australia＇s human welfare is affected by oil crisis and contagion from the perspectives of economic growth, income inequality, and environmental sustainability. This paper investigates the impacts of oil price shocks upon Australia＇s gross domestic product （GDP） growth, Gini coefficients, and carbon dioxide emissions per capita from 1970 to 2012 with yearly frequency. Hypotheses concerning whether Australia＇s economic immunity against oil crisis is affected after the deregulation of oil market and whether endogenous oil price shocks account for more variations in human welfare than exogenous oil price shocks are tested. The methodologies include a theoretic model and a series of econometric tests. For the short-run dynamics, oil price is integrated into the model both linearly and non-linearly. Oil price shocks are categorized into exogenous and endogenous shocks. The conclusions are that inflated oil prices exert mainly non-linear negative impacts upon human welfare indicators and exogenous shocks induce endogenous shocks through labor price, Consumer Price Index （CPI）, interest rate, and exchange rate. For the long-run equilibrium, non-linear shocks＇ effects decay more slowly than linear shocks and the impacts of endogenous shocks last longer than that of exogenous shocks. Finally, oil market policies are evaluated and proposed.展开更多
文摘A generation planning model of six main power grids in China is developed to evaluate the potential of advanced power generation technologies into the Chinese power system as CDM （clean development mechanism）. It is investigated how delivered coal price, on-grid power price, and environmental protection may influence the potential of advanced thermal power generation as CDM projects. One finding from the baseline analysis is that coal price, on-grid power price, and environmental protection policy have only a small significance to the grid-wide specific CO2 emissions of thermal power generation up to the year 2026, while the best thermal generation mix is influenced largely by environmental protection policy. And it is found that not only the price of CER （certified emission reduction） and the length of crediting period but also on-grid power price and the reduction of air pollutants in the baseline have a significant influence on the potential of the CDM activities.
文摘As an active trader in international crude oil and petroleum product markets, Australia＇s human welfare is affected by oil crisis and contagion from the perspectives of economic growth, income inequality, and environmental sustainability. This paper investigates the impacts of oil price shocks upon Australia＇s gross domestic product （GDP） growth, Gini coefficients, and carbon dioxide emissions per capita from 1970 to 2012 with yearly frequency. Hypotheses concerning whether Australia＇s economic immunity against oil crisis is affected after the deregulation of oil market and whether endogenous oil price shocks account for more variations in human welfare than exogenous oil price shocks are tested. The methodologies include a theoretic model and a series of econometric tests. For the short-run dynamics, oil price is integrated into the model both linearly and non-linearly. Oil price shocks are categorized into exogenous and endogenous shocks. The conclusions are that inflated oil prices exert mainly non-linear negative impacts upon human welfare indicators and exogenous shocks induce endogenous shocks through labor price, Consumer Price Index （CPI）, interest rate, and exchange rate. For the long-run equilibrium, non-linear shocks＇ effects decay more slowly than linear shocks and the impacts of endogenous shocks last longer than that of exogenous shocks. Finally, oil market policies are evaluated and proposed.
