IDEAS home Printed from https://ideas.repec.org/a/eee/enepol/v88y2016icp515-527.html
   My bibliography  Save this article

Impacts of low-carbon power policy on carbon mitigation in Guangdong Province, China

Author

Listed:
  • Cheng, Beibei
  • Dai, Hancheng
  • Wang, Peng
  • Xie, Yang
  • Chen, Li
  • Zhao, Daiqing
  • Masui, Toshihiko

Abstract

This paper analyzes the impacts of the low-carbon policy in the power sector of Guangdong Province in China on its energy and carbon emission targets by 2020, as well as their costs and co-benefits, using a regional CGE model with seven scenarios: business as usual (BaU), renewable energy (RE), renewable energy and natural gas (RE–NG), CAP only (CAP), CAP and RE–NG (CAP–RE–NG), carbon emission trading (ETS), and ETS with RE–NG (ETS–RE–NG). Analysis results reveal that provincial energy and carbon intensity targets can be achieved in the assumed carbon mitigation scenarios with carbon cap, ETS, and clean energy development policies. While the carbon constraint exerts negative impacts on the economy, GDP loss could be lowered by the ETS and RE policies. The RE scenario is more economically efficient than the ETS scenario, and coupling the RE and ETS scenarios appears to be the most economically efficient scenario to achieve the desired carbon and energy intensity targets. One of the benefits of the low-carbon policy is its improvement of the energy security of Guangdong in terms of reduced reliance on external coal and oil; in particular, Guangdong coal consumption could peak in 2017–2019.

Suggested Citation

  • Cheng, Beibei & Dai, Hancheng & Wang, Peng & Xie, Yang & Chen, Li & Zhao, Daiqing & Masui, Toshihiko, 2016. "Impacts of low-carbon power policy on carbon mitigation in Guangdong Province, China," Energy Policy, Elsevier, vol. 88(C), pages 515-527.
  • Handle: RePEc:eee:enepol:v:88:y:2016:i:c:p:515-527
    DOI: 10.1016/j.enpol.2015.11.006
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301421515301841
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. He, Y.X. & Zhang, S.L. & Yang, L.Y. & Wang, Y.J. & Wang, J., 2010. "Economic analysis of coal price-electricity price adjustment in China based on the CGE model," Energy Policy, Elsevier, vol. 38(11), pages 6629-6637, November.
    2. Zhou, Sheng & Tong, Qing & Yu, Sha & Wang, Yu & Chai, Qimin & Zhang, Xiliang, 2012. "Role of non-fossil energy in meeting China's energy and climate target for 2020," Energy Policy, Elsevier, vol. 51(C), pages 14-19.
    3. Zhou, Nan & Fridley, David & Khanna, Nina Zheng & Ke, Jing & McNeil, Michael & Levine, Mark, 2013. "China's energy and emissions outlook to 2050: Perspectives from bottom-up energy end-use model," Energy Policy, Elsevier, vol. 53(C), pages 51-62.
    4. Hübler, Michael & Voigt, Sebastian & Löschel, Andreas, 2014. "Designing an emissions trading scheme for China—An up-to-date climate policy assessment," Energy Policy, Elsevier, vol. 75(C), pages 57-72.
    5. Paltsev, Sergey & Morris, Jennifer & Cai, Yongxia & Karplus, Valerie & Jacoby, Henry, 2012. "The role of China in mitigating climate change," Energy Economics, Elsevier, vol. 34(S3), pages 444-450.
    6. Wang, Peng & Dai, Han-cheng & Ren, Song-yan & Zhao, Dai-qing & Masui, Toshihiko, 2015. "Achieving Copenhagen target through carbon emission trading: Economic impacts assessment in Guangdong Province of China," Energy, Elsevier, vol. 79(C), pages 212-227.
    7. Zhang, Zhong Xiang, 1998. "Macroeconomic Effects of CO2 Emission Limits: A Computable General Equilibrium Analysis for China," Journal of Policy Modeling, Elsevier, vol. 20(2), pages 213-250, April.
    8. Dai, Hancheng & Masui, Toshihiko & Matsuoka, Yuzuru & Fujimori, Shinichiro, 2011. "Assessment of China's climate commitment and non-fossil energy plan towards 2020 using hybrid AIM/CGE model," Energy Policy, Elsevier, vol. 39(5), pages 2875-2887, May.
    9. Fujimori, Shinichiro & Masui, Toshihiko & Matsuoka, Yuzuru, 2014. "Development of a global computable general equilibrium model coupled with detailed energy end-use technology," Applied Energy, Elsevier, vol. 128(C), pages 296-306.
    10. Chen, Wenying & Wu, Zongxin & He, Jiankun & Gao, Pengfei & Xu, Shaofeng, 2007. "Carbon emission control strategies for China: A comparative study with partial and general equilibrium versions of the China MARKAL model," Energy, Elsevier, vol. 32(1), pages 59-72.
    11. Wang, Run & Liu, Wenjuan & Xiao, Lishan & Liu, Jian & Kao, William, 2011. "Path towards achieving of China's 2020 carbon emission reduction target--A discussion of low-carbon energy policies at province level," Energy Policy, Elsevier, vol. 39(5), pages 2740-2747, May.
    12. Qi, Tianyu & Zhang, Xiliang & Karplus, Valerie J., 2014. "The energy and CO2 emissions impact of renewable energy development in China," Energy Policy, Elsevier, vol. 68(C), pages 60-69.
    13. Dai, Hancheng & Masui, Toshihiko & Matsuoka, Yuzuru & Fujimori, Shinichiro, 2012. "The impacts of China’s household consumption expenditure patterns on energy demand and carbon emissions towards 2050," Energy Policy, Elsevier, vol. 50(C), pages 736-750.
    14. Wang, Ke & Zhang, Xian & Wei, Yi-Ming & Yu, Shiwei, 2013. "Regional allocation of CO2 emissions allowance over provinces in China by 2020," Energy Policy, Elsevier, vol. 54(C), pages 214-229.
    15. Li, Hong-qiang & Wang, Li-mao & Shen, Lei & Chen, Feng-nan, 2012. "Study of the potential of low carbon energy development and its contribution to realize the reduction target of carbon intensity in China," Energy Policy, Elsevier, vol. 41(C), pages 393-401.
    16. Cui, Lian-Biao & Fan, Ying & Zhu, Lei & Bi, Qing-Hua, 2014. "How will the emissions trading scheme save cost for achieving China’s 2020 carbon intensity reduction target?," Applied Energy, Elsevier, vol. 136(C), pages 1043-1052.
    17. Liu, Zhu & Geng, Yong & Lindner, Soeren & Guan, Dabo, 2012. "Uncovering China’s greenhouse gas emission from regional and sectoral perspectives," Energy, Elsevier, vol. 45(1), pages 1059-1068.
    18. Yuan, Jiahai & Xu, Yan & Zhang, Xingping & Hu, Zheng & Xu, Ming, 2014. "China's 2020 clean energy target: Consistency, pathways and policy implications," Energy Policy, Elsevier, vol. 65(C), pages 692-700.
    19. Lu, Chuanyi & Zhang, Xiliang & He, Jiankun, 2010. "A CGE analysis to study the impacts of energy investment on economic growth and carbon dioxide emission: A case of Shaanxi Province in western China," Energy, Elsevier, vol. 35(11), pages 4319-4327.
    20. Zhang, Da & Rausch, Sebastian & Karplus, Valerie J. & Zhang, Xiliang, 2013. "Quantifying regional economic impacts of CO2 intensity targets in China," Energy Economics, Elsevier, vol. 40(C), pages 687-701.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:eee:rensus:v:80:y:2017:i:c:p:942-970 is not listed on IDEAS
    2. repec:eee:rensus:v:82:y:2018:i:p3:p:4121-4131 is not listed on IDEAS
    3. repec:eee:rensus:v:81:y:2018:i:p2:p:2955-2966 is not listed on IDEAS
    4. repec:eee:rensus:v:77:y:2017:i:c:p:596-603 is not listed on IDEAS
    5. Qunli Wu & Chenyang Peng, 2016. "Scenario Analysis of Carbon Emissions of China’s Electric Power Industry Up to 2030," Energies, MDPI, Open Access Journal, vol. 9(12), pages 1-18, November.
    6. repec:eee:enepol:v:113:y:2018:i:c:p:9-19 is not listed on IDEAS
    7. Wu, Rui & Dai, Hancheng & Geng, Yong & Xie, Yang & Masui, Toshihiko & Tian, Xu, 2016. "Achieving China’s INDC through carbon cap-and-trade: Insights from Shanghai," Applied Energy, Elsevier, vol. 184(C), pages 1114-1122.
    8. Li, Wei & Jia, Zhijie, 2016. "The impact of emission trading scheme and the ratio of free quota: A dynamic recursive CGE model in China," Applied Energy, Elsevier, vol. 174(C), pages 1-14.
    9. Mittal, Shivika & Dai, Hancheng & Fujimori, Shinichiro & Masui, Toshihiko, 2016. "Bridging greenhouse gas emissions and renewable energy deployment target: Comparative assessment of China and India," Applied Energy, Elsevier, vol. 166(C), pages 301-313.
    10. Li, Wei & Jia, Zhijie & Zhang, Hongzhi, 2017. "The impact of electric vehicles and CCS in the context of emission trading scheme in China: A CGE-based analysis," Energy, Elsevier, vol. 119(C), pages 800-816.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:88:y:2016:i:c:p:515-527. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu). General contact details of provider: http://www.elsevier.com/locate/enpol .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.