气候变化领域集成服务门户(CCPortal): Exploring the investment strategy of power enterprises under the nationwide carbon emissions trading mechanism: A scenario-based system dynamics approach

CCPortal

DOI	10.1016/j.enpol.2020.111409
	Exploring the investment strategy of power enterprises under the nationwide carbon emissions trading mechanism: A scenario-based system dynamics approach
	Yu X.; Wu Z.; Wang Q.; Sang X.; Zhou D.
发表日期	2020
ISSN	03014215
卷号	140
英文摘要	This paper aims to explore the appropriate investment strategy for Chinese power enterprises with the effect of the nationwide carbon emissions trading (NCET) market. Based on the system dynamics (SD) theory and the analysis of investment strategies, the SD model for the investment analysis of power enterprises is proposed. The simulation experiments based on three different investment policy scenarios (i.e., conservative, neutral and active) are conducted. According to the simulation results, the reasonable short-term investment for enterprises should be increased. If enterprises choose to invest more resources in the installation of green powers (hydropower, wind power and photovoltaic), their carbon emissions and profits may be more difficult to achieve qualitative changes in the short term. It is suggested that before the establishment of NCET market, enterprises should give priority to investing in clean technology instead of large-scale green energy installation. In the long run, increasing the investment of green power generation will help enterprises resist the rising cost of carbon trading. In addition, even in the conservative policy environment, the enterprise can still achieve its carbon discharges peak value before 2030, so the government may consider adopting a loose policy standard to support the economic interests of power enterprises. © 2020 Elsevier Ltd
关键词	investment strategy Nationwide carbon emissions trading Power enterprise System dynamics
英文关键词	Carbon; Emission control; Risk assessment; Strategic planning; System theory; Wind power; Appropriate investment; Carbon emissions; Green power generation; Investment strategy; Power enterprise; Qualitative changes; System Dynamics; System dynamics approach; Investments; alternative energy; carbon emission; emissions trading; energy market; energy policy; environmental economics; industrial enterprise; investment; China
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/204949
作者单位	College of Economics and Management, Nanjing University of Aeronautics and Astronautics, 29 Jiangjun Avenue, Nanjing, 211106, China; Research Centre for Soft Energy Science, Nanjing University of Aeronautics and Astronautics, 29 Jiangjun Avenue, Nanjing, 211106, China
推荐引用方式 GB/T 7714	Yu X.,Wu Z.,Wang Q.,et al. Exploring the investment strategy of power enterprises under the nationwide carbon emissions trading mechanism: A scenario-based system dynamics approach[J],2020,140.
APA	Yu X.,Wu Z.,Wang Q.,Sang X.,&Zhou D..(2020).Exploring the investment strategy of power enterprises under the nationwide carbon emissions trading mechanism: A scenario-based system dynamics approach.Energy Policy,140.
MLA	Yu X.,et al."Exploring the investment strategy of power enterprises under the nationwide carbon emissions trading mechanism: A scenario-based system dynamics approach".Energy Policy 140(2020).