Optimal Transitions Toward Carbon Neutrality in Chinese Power Sector


Book Description

Carbon emission reduction, cost-affordability and supply-reliability are all important for the transition to a carbon-neutral power system in China. This study searches for optimal transitions toward carbon neutrality in the power sector with a high spatial resolution model, coordinating deployments of power generation, transmission, and storage. It analyzes the impacts of regional heterogeneity, technological change, and low-carbon policies on the optimal transitions. The results show that renewable energy generation technologies, especially photovoltaic, might dominate the market in the latter planning period. With technological change and low-carbon policies, offshore wind and nuclear might replace fossil energy in coastal regions. Future electricity consumption would be dominated by local absorption and guaranteed by long-distance transmission. Storage capacity would be necessary to balance intermittent output with high penetration of renewable energy. This study also provides several policy implications related to improvement of grid flexibility, reprogramming of electricity transmissions, coordinated deployments of energy storage technologies, and implementation of low-carbon policies.




China's Sustainability Transitions


Book Description

This book considers the impact of global climate change, advocating to promote sustainable development from the perspective of low carbon and climate resilience, by reducing carbon emissions in different aspects of urban and regional development. As the world's largest emitter of carbon dioxide, China is continuously exploring a sustainable path to achieve the momentous goal of 2060 carbon neutrality. In addition, this book reviews and summarizes China's green development and predicts the transformation of China's carbon emission and energy structure before and after the peak of carbon emission in 2030. It examines the role of governance in decarbonization efforts, focusing on decision making processes, policies and regulations, as well as the significance of regions, cities, and communities. This book highlights typical methods of implementing and achieving low carbon development in light of China's practical situation, which helps to resolve some of the problems that may arise in achieving the carbon neutral goal. Therefore, this book is suitable for the reference of scholars in low-carbon environment science, sustainable urban development, and other related fields. It also provides inspiration for China's medium and long-term sustainable development plans in the future.




Interactions Between China’s National Emissions Trading Scheme and Electricity Market: Practices and Policies


Book Description

China’s national carbon market, the world’s largest emissions trading scheme (ETS), kicked off its first online trade recently. This can be called a milestone for the country towards the nation’s goals of having CO2 emissions peak before 2030 and achieving carbon neutrality by 2060. China’s national ETS initially covers the power sector, before being expanded to a much broader set of energy-intensive industries. On one hand, the electricity sector, the largest carbon-emitting industry, is responsible for about 40% of China’s emissions, and it has great significance to response to global climate change. On the other hand, the effectiveness of China’s ETS will rest on how well it is coordinated with power market regulations and policies. In this regard, the deepening of reform, as well as the advanced technology and its applications in the electricity market will add new challenges and opportunities to electricity trade, which, in turn, influences national ETS. Therefore, this brings urgency to accurately capture the dynamic interactions between national ETS and electricity market to transform carbon trading into a practical and effective way to decarbonize the power sector.




China's Energy Revolution in the Context of the Global Energy Transition


Book Description

This open access book is an encyclopaedic analysis of the current and future energy system of the world’s most populous country and second biggest economy. What happens in China impacts the planet. In the past 40 years China has achieved one of the most remarkable economic growth rates in history. Its GDP has risen by a factor of 65, enabling 850,000 people to rise out of poverty. Growth on this scale comes with consequences. China is the world’s biggest consumer of primary energy and the world’s biggest emitter of CO2 emissions. Creating a prosperous and harmonious society that delivers economic growth and a high quality of life for all will require radical change in the energy sector, and a rewiring of the economy more widely. In China’s Energy Revolution in the Context of the Global Energy Transition, a team of researchers from the Development Research Center of the State Council of China and Shell International examine how China can revolutionise its supply and use of energy. They examine the entire energy system: coal, oil, gas, nuclear, renewables and new energies in production, conversion, distribution and consumption. They compare China with case studies and lessons learned in other countries. They ask which technology, policy and market mechanisms are required to support the change and they explore how international cooperation can smooth the way to an energy revolution in China and across the world. And, they create and compare scenarios on possible pathways to a future energy system that is low-carbon, affordable, secure and reliable.




In Pursuit of Carbon Neutrality


Book Description

China's goal of carbon neutrality by 2060 requires a significant transformation of energy systems and the economy, raising critical questions about the domestic energy legal and regulatory systems. This book critically analyses the development and implementation of energy laws and regulations related to crucial strategies and pathways towards carbon neutrality, namely decarbonising power supply, enabling fuel switching, electrifying end-use in transport and industry, and adopting carbon removal mechanisms. It offers rich legal details and insights into regulatory processes and arrangements that underpin energy market reform and liberalisation, while also examining the role of law and regulatory measures in promoting technological advancements and supply chains for decarbonisation, with a focus on renewable energy, energy efficiency and storage, electric vehicles, critical transition minerals and carbon removal mechanisms.




China’s Carbon-Energy Policy and Asia’s Energy Transition


Book Description

This book seeks to examine the impacts associated with China’s carbon-energy policy in Asia and how, coupled with the Belt and Road Initiative, these effects prompt foreign direct investments in coal power and exports of renewable energy technologies. China shows a co-evolution of carbon-energy policy and energy transitions from coal to renewables. Assessing how the policy intensifies pressures and motivations to Chinese companies, chapters in this edited volume analyse how the policy has changed energy and CO2 emissions in Asia through the lens of carbon leakage, relocation, and halos. Contributors present in-depth studies on China’s investments and exports, and also its impacts on Indonesia, India, Vietnam, and Japan. Using applied computable general equilibrium and scenario input-output analyses, chapters investigate if regional electricity connectivity reduces new coal power investments through efficiency gain. Arguing that China is shifting from the world’s factory to the leading innovator and Asia's demand centre, it is ultimately demonstrated that China is likely to achieve climate targets whereas Asia to increase CO2 emissions and economic reliance on China. China’s Carbon-Energy Policy and Asia’s Energy Transition will be of significant interest to students and scholars of energy, environment, and sustainability studies, as well as Chinese studies and economics.




China's Energy Efficiency and Conservation


Book Description

This Brief identifies various aspects of energy challenges faced by the Chinese central/local governments, and also provides an opportunity to study how best to achieve green growth and a low-carbon transition in a developing country like China. The progress of China’s carbon mitigation policies also has significant impacts on the on-going international climate change negotiations. Therefore, both policy- makers and decision-makers in China and other countries can benefit from studying the challenges and opportunities in China’s energy development.




China as a Global Clean Energy Champion


Book Description

This book assesses China’s reputation as a global clean energy champion, and applies institutional and public policy theories to explain how the country has achieved so much and why there continue to be so many unintended consequences and constraints to progress. It considers the extent to which the government has successfully boosted the manufacture and deployment of low-carbon electricity generating infrastructure, cleaned up thermal power generation, and enhanced energy efficiency, dramatically constraining China’s rising carbon dioxide emissions, but also examines the substantial political and financial capital required to reinforce the predominantly administrative policy instruments and the mix of special interests and poor coordination that are endemic to the energy sector. Arguing that the current approach seems to be encountering ever diminishing returns, the book considers whether ongoing sector reforms and the new national emissions trading scheme can reinvigorate the nation’s clean energy trajectory.




China’s Road to Carbon Peaking and Carbon Neutrality


Book Description

This book explains China's approach to emission peak and carbon neutrality. It provides knowledge related to emission peak and carbon neutrality in terms of the concept and connotations, practice path, energy basis, investment demand, technological innovation, consumption revolution, comprehensive response, carbon pricing mechanism, city leadership, goal synergy, role of carbon sinks, and global cooperation and gives answers to questions such as the profound significance of emission peak and carbon neutrality, China’s strategic considerations for setting the dual carbon goals, how should China achieve the dual carbon goals, and what far-reaching impact will the dual carbon campaign have on China and the world. It discusses the wide-ranging content in an easy-to-understand way. This book is a reference for global readers to learn about green and low-carbon development in China.




Trillion-dollar Stake Of Carbon Neutrality, The: Energy Infrastructures In Hong Kong And The Greater Bay Area


Book Description

The world has been witnessing an accelerating momentum toward carbon neutrality, with almost all major countries onboard. The stakes are extremely high with over US$100 trillion in investments needed to achieve net zero emissions. This book delves into this intricate multi-trillion-dollar landscape of opportunities and challenges. The detailed, project-level examination in this book will provide direct insights for interested parties to position themselves.Focusing on the Guangdong-Hong Kong-Macau Greater Bay Area (GBA), home to 86 million people and a $1.7 trillion economy, the narrative unfolds against the backdrop of China's commitment to carbon neutrality by 2060, as well as their respective positions next to the rest of the world in the race to carbon neutrality. For the GBA and Hong Kong, carbon neutrality corresponds to nearly a US$1 trillion stake in energy infrastructures. This book meticulously dissects the trillion-dollar stake from the bottom-up.The energy sector is destined to experience fundamental changes in the coming decades; demand for a vast number of new infrastructures will only grow, while many existing, fossil-fuel infrastructures may become obsolete. Jobs, money, and regions are expected to shift dramatically with winners and losers. This book documents and analyzes individual projects, covering fossil-fuel, electric, and CO2 infrastructures. The impacts on existing infrastructures and the demand of future ones will be quantitatively examined to diagnose the stake in detail. Gaps will be evaluated and the necessary pace of changes in the next three decades will be sketched. The trillion-dollar stake will be discussed about its associated significant challenges and opportunities.Tailored for policy-makers, businesses, and decision-makers navigating the carbon-neutral landscape, this book is an invaluable resource for professionals, industry players, and academic courses addressing energy resources, climate change and CO2 mitigation.