Decarbonization of the electricity sector is crucial to mitigate the impacts of climate change and global warming over the coming decades.The key challenges for achieving this goal are carbon emission trading and elec...Decarbonization of the electricity sector is crucial to mitigate the impacts of climate change and global warming over the coming decades.The key challenges for achieving this goal are carbon emission trading and electricity sector regulation,which are also the major components of the carbon and electricity markets,respectively.In this paper,a joint electricity and carbon market model is proposed to investigate the relationships between electricity price,carbon price,and electricity generation capacity,thereby identifying pathways toward a renewable energy transition under the transactional energy interconnection framework.The proposed model is a dynamically iterative optimization model consisting of upper-level and lower-level models.The upper-level model optimizes power generation and obtains the electricity price,which drives the lower-level model to update the carbon price and electricity generation capacity.The proposed model is verified using the Northeast Asia power grid.The results show that increasing carbon price will result in increased electricity price,along with further increases in renewable energy generation capacity in the following period.This increase in renewable energy generation will reduce reliance on carbon-emitting energy sources,and hence the carbon price will decline.Moreover,the interconnection among zones in the Northeast Asia power grid will enable reasonable allocation of zonal power generation.Carbon capture and storage (CCS) will be an effective technology to reduce the carbon emissions and further realize the emission reduction targets in 2030-2050.It eases the stress of realizing the energy transition because of the less urgency to install additional renewable energy capacity.展开更多
There has been an intense discussion on the energy infrastructure cooperation in Northeast Asia.Most studies have focused on the technical feasibility of grid interconnection,deployment of renewable energy,and have ig...There has been an intense discussion on the energy infrastructure cooperation in Northeast Asia.Most studies have focused on the technical feasibility of grid interconnection,deployment of renewable energy,and have ignored the quantitative analysis of social and economic benefits of these proposals.This study uses a computable general equilibrium model to evaluate the effects of energy interconnection in Northeast Asia.Key model development tasks include 1)constructing a new nesting structure,2)econometrically estimating the constant elasticities of substitution(CES)between fossil-and non-fossil-power generation bundles,3)developing a new base-case scenario,and 4)developing the policy scenario.We found that while Northeast Asia will benefit from energy interconnection development with higher GDP than in the base-case;there will be a trade-off between higher investment and lower consumption.Sector results and environmental implications in this region are also discussed.展开更多
基金supported in part by National Key Research and Development Program of China(2016YFB0901900)the Science and Technology Foundation of GEIDCO(SGGEIG00JYJS1900016)
文摘Decarbonization of the electricity sector is crucial to mitigate the impacts of climate change and global warming over the coming decades.The key challenges for achieving this goal are carbon emission trading and electricity sector regulation,which are also the major components of the carbon and electricity markets,respectively.In this paper,a joint electricity and carbon market model is proposed to investigate the relationships between electricity price,carbon price,and electricity generation capacity,thereby identifying pathways toward a renewable energy transition under the transactional energy interconnection framework.The proposed model is a dynamically iterative optimization model consisting of upper-level and lower-level models.The upper-level model optimizes power generation and obtains the electricity price,which drives the lower-level model to update the carbon price and electricity generation capacity.The proposed model is verified using the Northeast Asia power grid.The results show that increasing carbon price will result in increased electricity price,along with further increases in renewable energy generation capacity in the following period.This increase in renewable energy generation will reduce reliance on carbon-emitting energy sources,and hence the carbon price will decline.Moreover,the interconnection among zones in the Northeast Asia power grid will enable reasonable allocation of zonal power generation.Carbon capture and storage (CCS) will be an effective technology to reduce the carbon emissions and further realize the emission reduction targets in 2030-2050.It eases the stress of realizing the energy transition because of the less urgency to install additional renewable energy capacity.
基金supported by the Overseas Expertise Introduction Project for Discipline Innovation(B18014)National Natural Science Foundation of China(71733002)Science and Technology Foundation of SGCC(52450018000N)。
文摘There has been an intense discussion on the energy infrastructure cooperation in Northeast Asia.Most studies have focused on the technical feasibility of grid interconnection,deployment of renewable energy,and have ignored the quantitative analysis of social and economic benefits of these proposals.This study uses a computable general equilibrium model to evaluate the effects of energy interconnection in Northeast Asia.Key model development tasks include 1)constructing a new nesting structure,2)econometrically estimating the constant elasticities of substitution(CES)between fossil-and non-fossil-power generation bundles,3)developing a new base-case scenario,and 4)developing the policy scenario.We found that while Northeast Asia will benefit from energy interconnection development with higher GDP than in the base-case;there will be a trade-off between higher investment and lower consumption.Sector results and environmental implications in this region are also discussed.
