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Sustainable Energy Systems Through Fair Carbon Pricing: A Shapley Value-Based Optimization Framework

Author

Listed:
  • Jiyong Li

    (School of Electrical Engineering, Guangxi University, Nanning 530004, China)

  • Huang Hao

    (School of Electrical Engineering, Guangxi University, Nanning 530004, China)

  • Xiaoping Xiong

    (School of Electrical Engineering, Guangxi University, Nanning 530004, China)

  • Jiajia Chai

    (China Resources New Energy (Tengxian) Co., Ltd., Wuzhou 543300, China)

  • Hanzhong Cui

    (China Resources New Energy (Tengxian) Co., Ltd., Wuzhou 543300, China)

  • Haoyuan Li

    (China Resources New Energy (Tengxian) Co., Ltd., Wuzhou 543300, China)

  • Zhiliang Cheng

    (School of Electrical Engineering, Guangxi University, Nanning 530004, China)

  • Chen Ye

    (School of Electrical Engineering, Guangxi University, Nanning 530004, China)

Abstract

Sustainable energy systems necessitate an equitable distribution of carbon burdens among stakeholders. This paper proposes a Shapley value-based carbon pricing mechanism embedded in a dual-layer Stackelberg framework, where the upper layer optimizes generation schedules and carbon prices, while the lower layer coordinates demand response strategies. The approach introduces several key innovations, including a Shapley allocation method that enhances fairness (achieving a Jain index of 0.94 compared to 0.78 in baselines), multi-dimensional dynamic pricing, and an improved ADMM algorithm that reduces computational demands by 34.2%. Validation on the IEEE 33-node test system yields a 27.5% reduction in operational costs (from USD 1.952 M to 1.415 M), a 17.8% decrease in emissions, and 97.8% integration of renewable energy sources. Overall, this framework promotes the transition to sustainable energy systems while upholding principles of equity.

Suggested Citation

  • Jiyong Li & Huang Hao & Xiaoping Xiong & Jiajia Chai & Hanzhong Cui & Haoyuan Li & Zhiliang Cheng & Chen Ye, 2025. "Sustainable Energy Systems Through Fair Carbon Pricing: A Shapley Value-Based Optimization Framework," Sustainability, MDPI, vol. 17(22), pages 1-38, November.
  • Handle: RePEc:gam:jsusta:v:17:y:2025:i:22:p:10095-:d:1792606
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