Search

The power sector is one of the major CO2-emitting industries in China. It is also the first key emissions control industry included in China's national carbon trading market established in 2021. Therefore, based on the data of 30 provinces and cities in China from 2015 to 2022, this study analyzes the impact of the national carbon market policy on the carbon emissions of the power industry based on the generalized Difference-in-Difference (DID) model. Based on the method of text analysis, this paper constructs the carbon market policy intensity index of each region and incorporates it into the DID model. Empirical analysis finds that the national carbon market policy can significantly inhibit the carbon emissions of the power industry. However, the heterogeneity analysis of 30 provinces and cities shows that the national carbon market policy has a significant impact on the regions that already have a carbon pilot, but not on the non-pilot regions. Therefore, this paper demonstrates the effectiveness of the national carbon market policy in the power industry emissions control, and also exposes the heterogeneity between regions, providing an important empirical basis for the inclusion of other energy-intensive industries. [ABSTRACT FROM AUTHOR]

On the basis of "Carbon Peak and Carbon Neutral" goals, carbon sequestration projects are increasing in China. The integrity of cement sheaths, as an important factor affecting carbon sequestration projects, has also received more attention and research. When CO2 is injected into the subsurface from sequestration wells, the cement sheath may mechanically fail due to the pressure accumulated inside the casing, which leads to the sealing of the cement sheath failing. The elasticity and strength parameters of the cement sheath are considered in this paper. The critical bottom-hole injection pressures of inclined well sections under anisotropic formation stresses at different depths were calculated for actual carbon-sealing wells in the X block—the CO2 sequestration target block. The sensitivity factors of the critical bottom-hole injection pressure were also analyzed. It was found that the cement sheath damage criterion was tensile damage. The Young's modulus and tensile strength of the cement sheath are the main factors affecting the mechanical failure of the cement sheath, with Poisson's ratio having the second highest influence. An increase in the Young's modulus, Poisson's ratio, and tensile strength of the cement sheath can help to improve the mechanical stability of cement sheaths in CO2 sequestration wells. This model can be used for the design and evaluation of cement in carbon sequestration wells. [ABSTRACT FROM AUTHOR]

Through extensive data research and analysis, this paper comprehensively summarizes the status and key insights of global carbon dioxide capture and storage (CCS) development. It aims to gain a comprehensive understanding of the relevant policies, technologies, and security measures adopted by major countries in their CCS development processes. Furthermore, it explores the existing status and limitations of China's offshore development efforts, while providing valuable recommendations for enhancing China's offshore CCS initiatives, as well as serving as a reference for other nations worldwide. Offshore CCS plays a crucial role for China to achieve the development target of carbon peak and carbon neutrality, due to its energy structure and industrial distribution. While China possesses significant offshore CCS potential, achieving commercialization still requires substantial efforts. To facilitate the process and draw insights from successful experiences in other countries, this paper illustrates the characteristics and generalizes the experience of offshore CCS industry practices in America, Europe and Japan, respectively. Furthermore, it is recommended that a new round of investigation into offshore CCS potential be conducted, while promoting integrated collaboration between geological surveying and marine scientific research. Additionally, further research on industrial policies and green financial strategies should be undertaken. [ABSTRACT FROM AUTHOR]

In order to achieve the ambitious goal of "carbon neutrality", countries around the world are striving to develop clean energy. Against this background, this paper takes China and Italy as representatives of developing and developed countries to summarize the energy structure composition and development overview of the two countries. The paper analyzes the serious challenges facing the future energy development of both countries and investigates the possibilities of energy cooperation between the two countries, taking into account their respective advantages in energy development. By comparing the policies issued by the two governments to encourage clean energy development, this paper analyzes the severe challenges faced by the two countries' energy development in the future and combines their respective energy development advantages to look forward to the possibility of energy cooperation between the two countries in the future. This lays the foundation for China and Italy to build an "Energy Road" after the "Silk Road". [ABSTRACT FROM AUTHOR]

With a significant share of renewable power generation integrated into the power supply, it is crucial to timely adjust the regulating peak load for coal-fired power plants equipped with CO2 capture to ensure the stable operation of the multi-energy supply system. In this paper, the effects of varying boiler loads on the techno-economic performance of the retrofitted power plant were studied. Furthermore, the potential for reducing the cost of CO2 capture was investigated, and early opportunities for demonstration were discussed. Results showed that when the boiler load decreased from 100% turbine heat acceptance condition to 50% turbine heat acceptance condition, the cost of CO2 capture increased from 37.0 $/t CO2 to 57.0 $/t CO2, cost contribution of energy penalty and extra capital investment also increased from 20.6 $/t-CO2 to 25.7 $/t-CO2, and from 16.4 $/t-CO2 to 31.3 $/t-CO2, respectively. Furthermore, by improving separation efficiency from 0.15 to 0.5, a 25% to 30% reduction in CO2 capture cost can be achieved. The cost of CO2 capture could decrease by 42.2–50.5% when the cumulative capacity reaches 250 GW under the high investment learning rate scenario. According to the distribution of coal prices and renewable energy sources in China, the early demonstration projects of multi-energy supply systems should prioritize the northern region. The results of this work can provide informative references for making roadmaps and policies for CO2 emission reduction toward carbon neutrality. [ABSTRACT FROM AUTHOR]

In pursuit of China's goals for carbon peak and carbon neutrality, wind turbines are continually evolving to achieve a lower levelized cost of energy. The primary technological focus in the wind power industry is on large-scale, lightweight designs for entire turbines to enhance cost competitiveness. However, this advancement has led to an increased risk of blade fractures under extreme operating conditions. This paper addresses this challenging issue by using geometrically exact beam theory to develop a nonlinear simulation model for long, flexible blades. The model accounts for sudden changes in blade properties at the moment of failure, covering both the extensive motions and deformations of the fractured blade. The validation of the proposed model is carried out by comparing the results from power production cases with bladed simulations and further validating the simulations of blade fracture load cases against measurement data. The methodologies and findings presented in this study offer valuable insights for diagnosing faults in wind turbines. [ABSTRACT FROM AUTHOR]

In response to global climate change, China has committed to peaking carbon emissions by 2030 and achieving carbon neutrality by 2060, commonly known as the "30–60 Dual Carbon". Under the background of "30–60 Dual Carbon", this article takes the electric power industry, which is the main industry contributing to China's carbon emission, as the research object, explores the time and peak value of the carbon peak of the electric power industry, and analyzes whether carbon neutrality can be realized under the peak method, so as to get the carbon neutrality path of the electric power industry and serve as the theoretical basis for the formulation of relevant policies. The Environmental Kuznets Curve inspection and the relationship analysis are carried out, then the system dynamics model is constructed, the carbon emissions from 2020 to 2040 are simulated, and the peak time is predicted. Three different scenarios are set to explore the path of electricity carbon neutralization under the premise of a fixed peak. It is shown that Gross Domestic Product per capita index factors have the largest positive contribution, and thermal power share index factors have the largest negative contribution to electricity carbon emissions. Based on the current efforts of the new policy, carbon emissions can achieve the peak carbon emissions' target before 2030, and it is expected to peak in 2029, with a peak range of about 4.95 billion tons. After the power industry peaks in 2029, i.e., Scenario 3, from coal 44%, gas 9% (2029) to coal 15%, gas 7% (2060), where the CCUS technology is widely used, this scenario can achieve carbon neutrality in electricity by 2060. Adjusting the power supply structure, strictly controlling the proportion of thermal power, optimizing the industrial structure, and popularization of carbon capture, utilization, and storage technology will all contribute to the "dual carbon" target of the power sector. [ABSTRACT FROM AUTHOR]

The carbon emissions of the power industry account for over 50% of China's total carbon emissions, so achieving carbon peak and carbon neutrality in the power sector is crucial. This study aims to simulate the impacts of three energy policies—carbon constraints, the development of a high proportion of renewable energy, and carbon trading—on China's energy transition, economic development, and the power sector's energy mix. Through the construction of a dynamic computable general equilibrium (CGE) model for China and its integration with the SWITCH-China electricity model, the impact of diverse energy policies on China's energy transition, economic progress, and the power mix within the electricity industry has been simulated. The integration of the SWITCH-China model can address the limitations of the CGE model in providing a detailed understanding of the specific intricacies of the electricity sector. The results indicate that increasing the stringency of carbon restrictions compels a reduction in fossil energy use, controlling the output of coal-fired power units, and thereby reducing carbon emissions. The development of a high proportion of renewable energy enhances the cleanliness of the power sector's generation structure, further promoting the national energy transition. Implementing a carbon trading policy, where the entire industry shares the burden of carbon reduction costs, can effectively mitigate the economic losses of the power sector. Finally, the policies to further enhance the implementation of carbon trading policies, strengthen effective governmental regulation, and escalate the deployment of renewable energy sources are recommended. [ABSTRACT FROM AUTHOR]

With the development and refinement of the carbon emissions trading market, the relationship between the carbon market and the stock market has grown increasingly intertwined. This has led to a surge in research investigating the interactions between the carbon market and related sectors. This study examines the intensity and direction of spillover effects among ten industries associated with carbon emissions, spanning traditional and emerging energy sectors. Through static analysis, we find that spillover effects between industries in the carbon and stock markets are bidirectional and asymmetric. Dynamic analysis reveals that the carbon market, acting as the primary recipient of spillover effects, is notably influenced by traditional energy industries such as coal and oil, followed by photovoltaics, new energy vehicles, and others. The magnitude of these spillover effects is subject to fluctuations influenced by energy crises and events like the COVID-19 pandemic, while policy interventions can alter the overall trends in net spillover effects across various industries. [ABSTRACT FROM AUTHOR]

Despite a gradual decline in rural population due to urbanization, as of 2022, approximately 35% of China's total population still resides in villages. Over a span of 40 years, carbon emissions from villages have significantly surged, with a sevenfold increase from energy consumption and a 46% rise from agriculture. Consequentially, the development of low-carbon villages is imperative. A comprehensive understanding of the primary sources of carbon emissions in villages is crucial for implementing practical and effective strategies towards low-carbon development. However, limited research has been conducted on quantifying carbon emissions and sinks for Chinese villages. This study aims to address this gap by proposing a methodology for assessing carbon emissions in villages, including the emissions of CO2, CH4 and N2O. Inspired by the IPCC standard methodology for greenhouse gas emissions at national levels and provincial greenhouse gas inventory guidelines customized for China's context incorporating localized characteristics, this approach has been applied to seven villages in Northern China based on field investigations. Employing a range of methods including field surveys, questionnaires, statistical records and big-data platforms, we collected the carbon emission activity levels of the seven villages using the most up-to-date carbon emission factors. Subsequently, the collected data and facts are quantitatively processed to generate results that are compared among the seven villages. These findings are also compared with those from other studies. The analysis indicates that the primary industries in these villages significantly influence the total carbon emissions. Moreover, the study reveals that energy consumption in buildings, agriculture, transportation and waste disposal are the most influential emission sources. These findings provide valuable insights into the carbon emission landscape of villages and can serve as a guide for implementing strategies and policies aimed at promoting low-carbon development in the rural areas of Northern China. [ABSTRACT FROM AUTHOR]

China's natural gas supply has been challenged in the past few years by non-traditional risks such as trading conflicts, the COVID-19 pandemic, and the country's own emission policy. To ensure energy security and supply, conducting an up-to-date risk analysis of China's natural gas supply status is crucial. This research utilized the Fuzzy-AHP method to compose a risk index and assessed the key links within China's natural gas supply chain from the import side to the domestic side. The results indicate that (a) for China's gas import, the most influential risks are the correlated dependence risk, international relation risk, and supplier internal stability risk. (b) While the dependence risk and transport risk have decreased sharply in the past decade, the import risk is still China's major concern on natural gas supply. (c) Emissions-peaking and carbon neutrality targets are potential challenges, which the country would possibly face in the near future. [ABSTRACT FROM AUTHOR]

Against the backdrop of the national strategic goals of carbon peaking and carbon neutrality, the imperative for China's low-carbon new energy transformation is evident. Emerging as an efficient and clean new energy source, the coal-based "three gases" (coalbed methane, tight sandstone gas, and shale gas) have gained prominence. Nevertheless, the current exploration of the coal-based "three gases" is limited to individual reservoirs, posing challenges to achieving overall extraction efficiency. The primary obstacle lies in the conspicuous disparities in gas content among different reservoirs, with the causes of such disparities remaining elusive. To address this issue, this study focused on the Permian Longtan Formation (coal, shale, and tight sandstone) in the southeastern Sichuan Basin. Through a comparative analysis of the mineral composition, organic geochemical features, and pore structure characteristics, this study aimed to delineate reservoir variations and establish a foundation for the simultaneous exploration and exploitation of the coal-based "three gases". The research findings revealed that the differences in reservoir characteristics account for the variations in gas content among coal, shale, and tight sandstone. The mineral composition of the rock formations in the study area primarily consists of quartz, feldspar, clay minerals, pyrite, calcite, and dolomite. By comparison, the coal samples from the four major coal seams in the study area exhibited relatively large pore sizes, which are favorable for gas accumulation. [ABSTRACT FROM AUTHOR]

Implementing real-time carbon emissions monitoring at the enterprise level enables the detailed breakdown of carbon neutrality goals for microcosmic enterprises, which is of paramount significance in ensuring the precision of policy formulations. Grounded in China's historical electricity consumption and carbon emissions data, this study utilizes the network approach and input–output methods to compute and predict direct and indirect transmission coefficients of electricity consumption and carbon emissions in each province. We establish a methodology that enables the monitoring of real-time carbon emissions of enterprises based on corporate electricity consumption data. Using the metal smelting industry in Guangxi as an example, our findings are as follows: First, in 2020, the comprehensive carbon emissions of the ferrous metal smelting industry in Guangxi reached 58.84 million tons, marking a notable increase of 42.78% compared to emissions in 2014, indicating that emissions reductions are imperative. Second, significant regional variations in emission coefficients are observed, with values ranging from 14 g CO2/KWh to 940 g CO2/KWh among provinces. Meanwhile, the trends of direct carbon emissions and indirect carbon emissions are totally different, underscoring the importance of comprehensive carbon accounting in informing policy decisions. Third, through the carbon emissions real-time monitoring of 75 metal smelting industry enterprises using electricity big data, we identified that the distribution of emissions across industries, time periods, and regions is uneven. Overall, this method can optimize carbon emission measurement techniques to a higher spatiotemporal resolution and more microscopic monitoring subjects, providing essential numerical foundations for promoting carbon emissions reduction and sustainable development. [ABSTRACT FROM AUTHOR]

As the international community attaches importance to environmental and climate issues, carbon dioxide emissions in various countries have been subject to constraints and limits. The carbon trading market, as a market tool to reduce greenhouse gas emissions, has gone through a development process from a pilot carbon market to a national carbon market in China. At present, the industries included in the national carbon market are mainly the electric power industry, and the carbon emissions of the electric power industry account for about 40% of the national carbon emissions. According to the construction history of foreign carbon markets, China's future carbon quota allocation will gradually transition from free allocation to auction allocation, and the auction mechanism will bring a heavy economic burden to the electric power industry, especially the thermal power generation industry. Therefore, this study takes Guangdong Province as an example to optimize the power generation mix with the objective of minimizing the total economic cost after the innovative introduction of the carbon quota auction mechanism, constructs an optimization model of the power generation mix based on the auction ratio by comprehensively applying the system dynamics model and the multi-objective linear programming model, systematically researches the power generation structure under different auction ratios with the time scale of months, and quantitatively evaluates the economic inputs needed to reduce the greenhouse gas emissions. The results of the study show that after comprehensively comparing the total economic cost, renewable energy development, and carbon emissions, it is the most scientific and reasonable to set the auction ratio of carbon allowances at 20%, which achieves the best level of economic and environmental benefits. [ABSTRACT FROM AUTHOR]