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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]

To advance carbon neutrality policies, many countries are increasingly integrating Renewable Energy Sources (RESs) into their energy mix. However, for harnessing natural energy in power generation, RESs present challenges in output control, potentially leading to power imbalances. Such imbalances, when coupled with an excessive reliance on unpredictable RES, may necessitate the curtailment of grid-integrated renewable generation, halting production despite available capacity. This paper proposes strategies to mitigate the economic and operational efficiency impacts of increased RESs on the power grid. It focuses on the optimal operation of Battery Energy Storage Systems (BESSs) and Power to Gas (P2G) technology, which flexibly converts surplus electricity into hydrogen. By employing Mixed Integer Linear Programming (MILP) for optimization and Stochastic Programming (SP) for the management of the uncertainty of renewable energy output, this paper evaluates the anticipated benefits of BESS and P2G applications. [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]

With the shortage of fossil energy and the increasingly serious environmental problems, renewable energy based on wind and solar power generation has been gradually developed. For the problem of wind power uncertainty and the low-carbon economic optimization problem of an integrated energy system with power to gas (P2G) and carbon capture and storage (CCS), this paper proposes an economic optimization scheduling strategy of an integrated energy system considering wind power uncertainty and P2G-CCS technology. Firstly, the mathematical model of the park integrated energy system with P2G-CCS technology is established. Secondly, to address the wind power uncertainty problem, Latin hypercube sampling (LHS) is used to generate a large number of wind power scenarios, and the fast antecedent elimination technique is used to reduce the scenarios. Then, to establish a mixed integer linear programming model, the branch and bound algorithm is employed to develop an economic optimal scheduling model with the lowest operating cost of the system as the optimization objective, taking into account the ladder-type carbon trading mechanism, and the sensitivity of the scale parameters of P2G-CCS construction is analyzed. Finally, the scheduling scheme is introduced into a typical industrial park model for simulation. The simulation result shows that the consideration of the wind uncertainty problem can further reduce the system's operating cost, and the introduction of P2G-CCS can effectively help the park's integrated energy system to reduce carbon emissions and solve the problem of wind and solar power consumption. Moreover, it can more effectively reduce the system's operating costs and improve the economic benefits of the park. [ABSTRACT FROM AUTHOR]

Low carbon operation of power systems is a key way to achieve the goal of energy power carbon peaking and carbon neutrality. In order to promote the low carbon transition of energy and power and the coordinated and optimized operation of distributed energy sources in virtual power plants (VPP), this paper proposes a framework for collaborative utilization of pumped storage–carbon capture–power-to-gas (P2G) technologies. It also constructs a multi-time scale low carbon economic dispatch model for VPP to minimize the internal resource operation cost of VPP in each time period. During the intraday scheduling stage, the day-ahead scheduling results as the planned output and the energy flow is then dynamically corrected at a short-term resolution in the framework. This allows for the exploration of the low-carbon potential of each aggregation unit within the virtual power plant. The results of the simulation indicate that the strategy and model proposed in this paper can effectively encourage the consumption of renewable energy sources, promote the low-carbon operation of power system power, and serve as a valuable reference for the low-carbon economic operation of the power system. [ABSTRACT FROM AUTHOR]

With the development of global clean energy and the implementation of carbon emission reduction policies, the direct purchase of electricity by large consumers has been increasingly promoted as a special form of electricity trading. Therefore, on the basis of the completion of low-carbon emission reduction targets in each country, how to rationalize the electricity purchase by large consumers in the electricity market so as to reduce their electricity purchase costs has become the main target of attention in each country. Currently, there are fewer studies in existing research on the direct electricity purchase strategy of large consumers under the consideration of the weight of consumption responsibility and risk. Based on this, this paper constructs a dual-game model for direct electricity purchase by large consumers based on the Stackelberg game and non-cooperative game theory. The concept of value at risk is further introduced, and the optimal strategy of direct electricity purchase by large consumers is proposed. The results of this study show that when market players make decisions on the purchase and sale of electricity, power suppliers will increase their biddings to obtain the highest returns, and large consumers can reduce the transaction costs by combining the medium- and long-term market with the spot market to purchase electricity. In the choice of electricity purchase market, with the increasing risk factor, large consumers shift from the risky spot market to the less risky medium- and long-term market and option market. This paper provides a reference for the issues of power suppliers' contract bidding and large consumers' electricity purchase strategy in the medium- and long-term contract transactions. [ABSTRACT FROM AUTHOR]

Cities play a pivotal role in achieving worldwide carbon neutrality due to their significant contribution to global energy consumption and carbon emissions. Therefore, planning effective strategies and guiding evidence-based policymaking at the city scale becomes even more crucial. Composite indices serve as a valuable tool for monitoring urban energy transition trends. This paper aims to present a novel approach, robust and flexible even under conditions of data scarcity, for tracking the energy transition trend of a city by means of a composite index (UETI). The Turin case study is introduced to test the applicability of the proposed approach. Additionally, to demonstrate the robustness of the composite index framework, the paper includes the findings of correlation and sensitivity analyses. This study reveals a significant improvement in Turin's environmental and energy domains, while the socio-economic domain shows more modest improvement. Furthermore, the study highlights the need to address the shortage of urban data to enhance the accuracy and reliability of metric-based frameworks and to extend the assessment to a larger sample of cities. [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]

The sustainable implementation of resources and the transition to low-carbon construction is on the world's daily agenda. This paper describes the development of criteria for the efficient management of material resources in low-carbon construction. Net income, gross profit, balance sheets, and equity are proposed as indicators that serve as criteria for assessing the efficient use of resources. Nonlinear regression models were the methodological basis for the establishment of cause-and-effect relationships of the volume of construction of transport structures. It was established that since construction companies do not purchase materials for storage, the cost of materials for use in low-carbon technological construction work is directly proportional to the cost of construction. The volume of production in the construction industry is determined by construction costs. More efficient use of low-carbon materials reduces cost and construction waste. In this paper, we have established the relationship between the indicator of efficiency for the functioning of the construction enterprises in Ukraine and the use of low-carbon materials for the construction of transport structures. The practical value of the obtained results for low-carbon construction management lies in proving the relationship between the performance indicators of the construction enterprise (net profit, gross profit, output volume, balance sheets, and equity capital) and the use of low-carbon material resources. Our results form the basis for future research into the use of a cost-based model for low-carbon economy transition in municipalities and regions. [ABSTRACT FROM AUTHOR]

With the objectives of achieving "peak carbon" and "carbon neutrality", accurately quantifying the carbon emissions of road transportation becomes crucial. It is challenging to accurately describe the energy consumption of vehicles at both temporal and spatial scales from a macro perspective. Therefore, focusing on the quantitative model of vehicle micro energy consumption and road meso energy consumption, this paper reviewed and summarized the energy consumption model of road traffic in terms of data collection, quantification accuracy, and scope of application. Based on this analysis, this paper identifies the challenges of the current road traffic energy consumption model. Finally, we look forward to future research directions for studying quantitative models of energy consumption from road transportation. [ABSTRACT FROM AUTHOR]

As global climate change intensifies, nations around the world are implementing policies aimed at reducing emissions, with carbon-trading mechanisms emerging as a key market-based tool. China has launched carbon-trading markets in several cities, achieving significant trading volumes. Carbon-trading mechanisms encompass cap-and-trade markets and voluntary markets, influenced by various factors, including policy changes, economic conditions, energy prices, and climate fluctuations. The complexity of these factors, coupled with the nonlinear and non-stationary nature of carbon prices, makes forecasting a substantial challenge. This paper proposes a dynamic weight hybrid forecasting model based on a dual sliding window approach, effectively integrating multiple forecasting models such as LSTM, Random Forests, and LASSO. This model facilitates a thorough analysis of the influences of policy, market dynamics, technological advancements, and climatic conditions on carbon pricing. It serves as a potent tool for predicting carbon market price fluctuations and offers valuable decision support to stakeholders in the carbon market, ultimately aiding in the global efforts towards emission reduction and achieving sustainable development goals. [ABSTRACT FROM AUTHOR]

The paper addresses the overlooked interaction between power-to-gas (P2G) devices and carbon capture and storage (CCS) equipment, along with the stepwise carbon trading mechanism in the context of current multi-park integrated energy microgrids (IEMGs). Additionally, it covers the economic and coordinated low-carbon operation issues in multi-park IEMGs under the carbon trading system. It proposes a multi-park IEMG low-carbon operation strategy based on the synchronous Alternating Direction Method of Multipliers (ADMM) algorithm. The algorithm first enables the distribution of cost relationships among multi-park IEMGs. Then, using a method that combines a CCS device with a P2G unit in line with the tiered carbon trading scheme, it expands on the model of single IEMGs managing thermal, electrical, and refrigeration energy. Finally, the comparison of simulation cases proves that the proposed strategy significantly reduces the external energy dependence while keeping the total cost of the users unchanged, and the cost of interaction with the external grid is reduced by 56.64%, the gas cost is reduced by 27.78%, and the carbon emission cost is reduced by 29.54% by joining the stepped carbon trading mechanism. [ABSTRACT FROM AUTHOR]

Carbon storage services play an important role in maintaining ecosystem stability. Land use/cover change (LUCC) is the main factor leading to changes in ecosystem carbon storage. Understanding the impact of LUCC on regional carbon storage changes is crucial for protecting regional ecosystems and promoting sustainable socio-economic development. This paper selects Shanxi province as the study area and explores the spatial and temporal evolution characteristics of carbon storage in Shanxi province based on the InVEST model and univariate spatial autocorrelation. The results show that the total carbon storage in Shanxi Province in 2000, 2010, and 2020 is 513.51 × 104 t C, 513.46 × 104 t C, and 509.29 × 104 t C, respectively. High carbon storage areas are distributed in forest and grassland land types, while low carbon storage areas are widely distributed in building land in urban metropolitan areas. Shanxi Province is mainly dominated by farmland, which has decreased by 3448.60 km2 in the past 20 years. Grassland has decreased by 1588.31 km2 and the area of building land has increased by 4205.73 km2. Due to the influence of carbon conversion among different land use types, the total carbon storage loss of Shanxi Province in the past 20 years was 4.21 × 104 t C. The transfer of farmland resulted in an increase in carbon stock of 14.46 × 104 t C. The transfer of grassland resulted in an increase of 17.15 × 104 t C, while the transfer of forest resulted in a decrease of 41.44 × 104 t C. The increase in land use types with low carbon density and the decrease in land use types with high carbon density led to the decrease in carbon storage in Shanxi Province. Furthermore, social factors were more likely to influence the carbon storage than natural factors, and the influence of social factors was often negative. On this basis, regional development countermeasures were proposed for the current situation of carbon storage in Shanxi Province and provide a scientific basis for Shanxi Province to achieve the carbon neutrality target. [ABSTRACT FROM AUTHOR]

Recently, there has been an increasing effort to promote energy efficiency, using renewable energies and electric mobility to achieve a more sustainable future and even carbon neutrality by 2050. This paper aims to understand if combining these technologies leads to a win–win solution. For that, the system's characteristics that will be used for the simulation were defined as a residential community consumption scenario with and without electric vehicles charging overnight. The simulation was completed in software, and eight scenarios were tested: high population density/low population density with/without electric mobility and hourly tariff/simple tariff. After these scenarios had been tested, the conclusion was that the low population density and hourly tariff without and with electric mobility were the best two cases economically (in terms of levelized cost of energy, net present costs, and savings) and environmentally, and the worst was high population density with hourly tariff and electric mobility. Other scenarios were then tested, including changes in the load curve, namely a commercial load curve, and changes in the load curve of electric vehicle chargers, mainly daytime charging. The conclusion was that even though the initial hypothesis did not lead to a win–win solution, with changes in the hypothesis, the integration of electric mobility in energy communities might lead to that. [ABSTRACT FROM AUTHOR]

Sewage sludge and red mud, as common industrial waste, have become a research hotspot in the field of achieving carbon peaking and carbon neutrality, reducing carbon emissions, and solving environmental problems. However, their treatment and disposal have always been a difficult problem in the environmental field. Utilizing these two materials for thermal energy storage can not only improve energy utilization efficiency but also further reduce carbon emissions during their treatment process, providing a new approach for sustainable development in the industrial sector. This article summarizes the research progress for the resource recovery of sewage sludge and red mud for direct thermal energy recovery and composite phase change energy storage. After proper treatment, sludge and red mud can be directly used as energy storage materials. In addition, sludge and red mud can be combined with phase change materials to prepare composite materials with an excellent energy storage performance. This composite has broad application prospects in fields such as solar energy utilization and building energy efficiency. However, there are still some challenges and issues in this resource recovery and utilization, such as potential environmental pollution during the treatment process, the long-term stability of energy storage materials, and cost-effectiveness, which require further research and resolution. The purpose of this paper is to evaluate the potential of sewage sludge and red mud as energy storage materials, to explore their feasibility and advantages in practical applications, and to reveal the research progress, technical challenges, and future development directions of these two materials in the field of thermal energy storage. [ABSTRACT FROM AUTHOR]

Assessments of the hosting capacity of electricity distribution networks are of paramount importance, as they facilitate the seamless integration of rooftop photovoltaic systems into the grid, accelerating the transition towards a more carbon neutral and sustainable system. This paper employs a deep reinforcement learning-based approach to evaluate the real-time hosting capacity of low voltage distribution networks in a model-free manner. The proposed approach only requires real-time customer voltage data and solar irradiation data to provide a fast and accurate estimate of real-time hosting capacity at each customer connection point. This study addresses the imperative for accurate electrical models, which are frequently unavailable, in evaluating the hosting capacity of electricity distribution networks. To meet this challenge, the proposed approach utilizes a deep neural network-based, data-driven model of a low-voltage electricity distribution network. This proposed methodology incorporates model-free elements, enhancing its adaptability and robustness. In addition, a comparative analysis between model-based and model-free hosting capacity assessment methods is presented, highlighting their respective strengths and weaknesses. The utilization of the proposed hosting capacity estimation model enables distribution network service providers to make well-informed decisions regarding grid planning, leading to cost minimization. [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]

The use of renewable energy sources to achieve carbon neutrality is increasing. However, the uncertainty and volatility of renewable resources are causing problems in power systems. Flexible and low-carbon resources such as Energy Storage Systems (ESSs) are essential for solving the problems of power systems and achieving greenhouse gas reduction goals. However, ESSs are not being installed because of Korea's fuel-based electricity market. To address this issue, this paper presents a method for determining the optimal investment timing of Battery Energy Storage Systems (BESSs) using the Least Squares Monte Carlo (LSMC) method. A case study is conducted considering the System Marginal Price (SMP) and Capacity Payment (CP), which are electricity rates in Korea. Revenue is calculated through the arbitrage of a 10 MW/40 MWh lithium-ion BESS, and linear programming optimization is performed for ESS scheduling to maximize revenue. The ESS revenue with uncertainty is modeled as a stochastic process using Geometric Brownian Motion (GBM), and the optimal time to invest in an ESS is determined using an LSMC simulation considering investment costs. The proposed method can be used as a decision-making tool for ESS investors to provide information on facility investments in arbitrage situations. [ABSTRACT FROM AUTHOR]

The liberalization of energy retail markets empowered consumers with the ability to be part of new emerging entities, such as Citizen Energy Communities. With the increasing penetration of decentralized variable generation, communities have the advantage of incentive local carbon neutrality and sustainability. Local generation reduces transport grid usage and costs to consumers. Furthermore, worldwide legislation incentives energy communities by providing them discounts to other fee parts of the tariff apart from wholesale prices. This paper presents a model of strategic behavior, investment, and trading of energy communities. The model comprises the investment in local renewable generation, the design of competitive tariffs, and strategic bidding on wholesale markets. Consumers have an optimization model that selects the retail tariff that minimizes their costs with energy. These models are tested using data from Portuguese consumers and the Iberian electricity market. Results from the study indicate that inflexible consumers may reduce their costs by 29% by being part of the community. Furthermore, they have the potential to reduce their costs above 50% when using demand–response, adapting themselves to local production and wholesale prices. [ABSTRACT FROM AUTHOR]

Frequency response performance in power systems is becoming vulnerable due to the transition toward the higher penetration of renewable energy such as achieving carbon neutrality. In particular, reducing power system inertia energy as the asynchronous generation increases could result in violating the frequency stability constraint when a disturbance occurs in the power systems. In order to control the rapidly fluctuating frequency of the power system with low inertia, it is necessary to introduce fast frequency response resources such as a Battery Energy Storage System (BESS). This paper proposes a method to calculate the required capacity of BESS for compensating the frequency control performance of the power system using inertia energy. For calculating the required capacity of BESS, the inertia energy in the critical power system, where frequency control performance marginally satisfies frequency stability constraint, should be calculated. Also, the inertia energy in the evaluated power system having deficit inertia energy should be calculated. By comparing power systems that respond with different dynamics when the same disturbance occurs, the proposed calculation corresponds to the ratio of inertia energy deficiency based on critical power system inertia energy within the power imbalance. Through various case studies employing Korean power systems, the effectiveness of the inertia energy-based calculation method for the required BESS is verified by the fact that the BESS integrated power system marginally satisfies the frequency stability constraint. In these study cases, it is found that the instant response of BESS is very effective for compensating the frequency control performance of the low inertia power system. By applying the proposed method, it is also found that about 840 MW of BESS can achieve carbon neutrality in the Korean power system. [ABSTRACT FROM AUTHOR]

This paper presents a quantitative assessment of the value of hydroelectric power plants (HPPs) in power systems with a significant penetration of variable renewable energy sources (VRESs). Through a capacity expansion planning (CEP) model that incorporates a detailed representation of HPP operating principles, the study investigates the construction and application of HPP rule curves essential for seasonal operation. A comparative analysis is also conducted between the proposed rule curve formulation and alternative modeling techniques from the literature. The CEP model optimizes installed capacities per technology to achieve predefined VRES penetration targets, considering hourly granularity and separate rule curves for each HPP. A case study involving twelve reservoir hydropower stations and two open-loop pumped hydro stations is examined, accounting for standalone plants and cascaded hydro systems across six river basins. The study evaluates the additional generation and storage required to replace the hydropower fleet under high VRES penetration levels, assessing the resulting increases in total system cost emanating from introducing such new investments. Furthermore, the study approximates the storage capabilities of HPPs and investigates the impact of simplified HPP modeling on system operation and investment decisions. Overall, the findings underscore the importance of reevaluating hydro rule curves for future high VRES penetration conditions and highlight the significance of HPPs in the energy transition towards carbon neutrality. [ABSTRACT FROM AUTHOR]

Wave energy, as a significant renewable and clean energy source with vast global reserves, exhibits no greenhouse gas or other pollution during real-sea operational conditions. However, throughout the entire lifecycle, wave energy convertors can produce additional CO2 emissions due to the use of raw materials and emissions during transportation. Based on laboratory test data from a wave energy convertor model, this study ensures consistency between the model and the actual sea-deployed wave energy convertors in terms of performance, materials, and geometric shapes using similarity criteria. Carbon emission factors from China, the European Union, Brazil, and Japan are selected to predict the carbon emissions of wave energy convertors in real-sea conditions. The research indicates: (1) The predicted carbon emission coefficient for unit electricity generation ( E F co 2 ) of wave energy is 0.008–0.057 kg CO2/kWh; when the traditional steel production mode is adopted, the E F co 2 in this paper is 0.014–0.059 kg CO2/kWh, similar to existing research conclusions for the emission factor of CO2 for wave energy convertor (0.012–0.050 kg CO2/kWh). The predicted data on carbon emissions in the lifecycle of wave energy convertors aligns closely with actual operational data. (2) The main source of carbon emissions in the life cycle of a wave energy converter, excluding the recycling of manufacturing metal materials, is the manufacturing stage, which accounts for 90% of the total carbon emissions. When the recycling of manufacturing metal materials is considered, the carbon emissions in the manufacturing stage are reduced, and the carbon emissions in the transport stage are increased, from about 7% to about 20%. (3) Under the most ideal conditions, the carbon payback period for a wave energy convertor ranges from 0.28 to 2.06 years, and the carbon reduction during the design lifespan (20 years) varies from 238.33 t CO2 (minimum) to 261.80 t CO2 (maximum). [ABSTRACT FROM AUTHOR]

Several northern European countries have announced ambitious plans to become carbon neutral already before the year 2050. Recent research has, however, highlighted how potential bottlenecks in raw material and resource availability could significantly delay or hinder wind and solar photovoltaic (PV) expansion and continued biomass usage in parts of Europe. To address this issue, this paper assesses how exposed the national energy and climate plans (NECPs) of Finland, Estonia, Germany, Sweden, and Denmark are to resource limitations and techno-economic risks by reviewing and analysing 2030 NECP targets compared to statistical energy use data in these countries. The results indicate that the NECPs of Denmark and Germany are particularly exposed to risks related to global raw material availability, as Denmark plans to rapidly grow the share of wind and solar PV in electricity generation to 81% and 13% by 2030, respectively, followed by Germany, which outlines a 39% and 16% share of wind and solar PV in its national climate strategy. The NECPs of Finland and Germany are also shown to be vulnerable to limitations in biomass availability, as there is a significant disparity between the projected biomass usage and legally binding European Union (EU) targets for land use, land use change, and forestry (LULUCF) sector emissions in 2030 in these countries. [ABSTRACT FROM AUTHOR]

Carbon dioxide, the leading contributor to anthropogenic climate change, is released mainly via fossil fuel combustion, mostly for energy generation. Carbon capture technologies are employed for reducing the emissions from existing huge point sources, along with capturing them from direct air, to reduce the existing concentration. This paper provides a quantitative analysis of the various subtypes of carbon capture technologies with the aim of providing an assessment of each from technological, social, geo-political, economic, and environmental perspectives. Since the emissions intensity and quantity, along with the social–political–economic conditions, vary in different geographic regions, prioritising and finding the right type of technology is critical for achieving ambitious net-zero targets. Four main types of carbon capture technology were analysed (adsorption, absorption, membrane, and cryogenic) under four scenarios depending on the jurisdiction. The Technique for Order of Preference by Similarity to Ideal Solution (also known as the TOPSIS method) was used to establish a quantitative ranking of each, where weightages were allocated according to the emissions status and economics of each depending on the jurisdiction. Furthermore, forecasting the trends for technology types vis à vis carbon neutral targets between 2040 and 2050 was carried out by applying regression analysis on existing data and the emissions footprint of major contributing countries. The study found the membrane score to be the highest in the TOPSIS analysis in three of the four scenarios analysed. However, absorption remains the most popular for post-combustion capture despite having the highest energy penalty per ton of CO2 capture. Overall, capture rates are well short of projections for carbon neutrality; the methodology put forward for prioritising and aligning appropriate technologies and the region-by-region analysis will help highlight to technocrats, governments, and policymakers the state of the art and how to best utilise them to mitigate carbon emissions—critical in achieving the net-zero goals set at various international agreements on climate change. [ABSTRACT FROM AUTHOR]

With the continuous development of global economic and trade activities, environmental problems have become an important factor restricting the sustainable development of all countries. How to realize the coordinated development of international trade and environmental protection has become a major issue facing the international community. Since China joined the WTO, its share of international trade has been increasing continuously. In order to deeply analyze the influence of international carbon emission trading policy on domestic carbon emissions, we use an input–output model and a GTAP analysis method to theoretically calculate the carbon emissions of the international trade of various departments in Shandong Province. At the same time, the implicit carbon emission index of various industries in 2022 is calculated through the direct energy consumption coefficient. The results show that there are significant differences in the impact of the carbon tariff system on different industries. In terms of the carbon emission index, the food processing industry showed a decrease of 18.99 Mt, while the implied carbon emission of the tobacco, textile and leather manufacturing industry reached 30.56 Mt due to the continuous expansion of trade scale. In contrast, the implied carbon emission level of the metal product processing industry reached 5.3 Mt, while the carbon emission of traditional trading industries such as coal mining was almost unaffected by international trade, and its carbon emission index reached the highest level of 5.89 in 2020. In terms of trade impact, high-trade industries such as the food processing industry are significantly affected by the carbon tariff policy, and their share has dropped from 5.89% to 3.95% in the past decade. The carbon emissions generated by GDP growth established by the GTAP model are more convincing. This model can directly reflect the energy efficiency of a region from the side. Based on the present situation of international trade, this paper analyzes the inequality of the current carbon tariff system, and puts forward some policies to optimize the energy structure to reduce carbon emissions and expand domestic demand to reduce the dependence on international trade. Through the GTAP model, we put forward policy suggestions to optimize the energy structure to reduce carbon emissions and the dependence on international trade by expanding domestic demand. [ABSTRACT FROM AUTHOR]

Corporate greenwashing in response to carbon neutrality strategies has received substantial academic attention. Distinct from previous studies, this paper establishes a differential game model incorporating both green and brown enterprise types. The model compares greenness and total profits under two government scenarios: subsidies for green enterprises and the regulation of brown enterprises. It further analyzes the mechanism behind brown enterprise greenwashing formation. The results show that subsidies alone encourage brown enterprises to engage in greenwashing. However, government regulation inhibits such behaviors, with the inhibition effect positively correlated to regulatory intensity. Consumers' green perception of enterprises also significantly drives brown enterprise greenwashing degrees. Higher green enterprise perception coefficients reduce greenwashing, while higher brown enterprise perception coefficients increase it. Differential game and simulation analyses reveal that greenwashing governance should consider both direct policy effects on brown enterprises and indirect subsidy effects on green enterprises. [ABSTRACT FROM AUTHOR]

This paper proposes a practical framework for developing a net-zero electricity mix scenario (NEMS), which considers detailed conditions for supply of each energy. NEMS means a path scenario for power generation amount by year of each generation resource required to achieve carbon neutrality in 2050. NEMS framework refers to a methodological framework that contains procedures and requirements to continuously update the NEMS by comprehensively reflecting policy changes. For evaluation of NEMS, indicators such as a system inertia resource ratio (SIRR) and a fuel conversion rate (FCR) are proposed. The proposed framework and indicators are applied for the 2050 NEMS in Korea's electricity sector. The SIRR, indicating the ratio of inertial resources to total resources, projects values of 49% and 15% for the years 2030 and 2050, respectively. Furthermore, the FCR, reflecting the ratio of fuel conversion for resources undergoing this process, predicts that all targeted resources will have completed conversion by the year 2043. [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]

The introduction of distributed generation (DG) into distribution systems is expanding due to carbon neutral policies. DG with intermittent output characteristics brings frequent voltage variations in distribution systems. Generally, a step voltage regulator (SVR) is installed in the long distribution line and controls its voltage, which has limits of stable voltage regulations due to the slow tap-changing rate, switching losses, and short life span. To solve those problems, this paper proposes an IGBT-based SVR using zero-voltage switching. It is verified that the stable operation can be obtained through simulation by PSCAD/EMTDC 4.6 software and empirical experiments. [ABSTRACT FROM AUTHOR]

In order to enhance the carbon emission reduction capability and economy of the microgrid, a capacity optimization configuration method considering laddered carbon trading and demand response is proposed for a grid-connected microgrid consisting of photovoltaic, battery and hydrogen storage devices. Combined with the mathematical model and system structure of each unit in the microgrid, the integrated operation control strategy is determined in this paper. A demand response model containing three load types is developed to reduce the stress on the storage and generation side. A carbon-trading mechanism is introduced into the operating costs to establish a configuration model with annual overall profit and power supply reliability as the optimization objectives. The non-dominated sorting genetic algorithm II is used to optimize the capacity of each unit, and the effectiveness of this model is verified by taking a microgrid in a region in Northwest China as an example to analyze the impacts of ladder carbon trading and demand response on the configuration results and system operation. [ABSTRACT FROM AUTHOR]

Responding to the Paris Agreement and climate change mitigation, Indonesia aims to reach net zero by 2060 or sooner. Due to Indonesia's dependence on coal and growing consumption, alternative sources of clean energy are imperative for meeting its rising energy needs and reducing energy-related greenhouse gas emissions to achieve the energy transition. This project aims to examine Indonesia's opportunities and potential to achieve low carbon ambition in the energy sector and identify alternative pathways for the energy transition in Indonesia. In this study, the open-source energy modelling system (OSeMOSYS), which is a long-term energy system modelling tool, is employed to compare electricity generation, investment, and carbon dioxide emissions between business-as-usual and five alternative scenarios. Six scenarios, including business as usual, least-cost, two coal-phrase out and two net zero aligned with national climate targets and optimal scenarios, were simulated across different target years. The results show that the net zero (NZ) scenario is more cost-effective and emits fewer greenhouse gases than the other scenarios in meeting Indonesia's future energy demand. However, achieving net zero by 2050 (NZ50) results in significantly lower CO2 emissions (10,134 MtCO2), which is less than half of the emissions in the net zero by 2060 (NZ60) scenario (16,849 MtCO2) at a similar cost (6229 and 6177 billion USD, respectively). This paper's insights emphasise that large-scale renewable energy deployment and coal retirement are critical pathways to reaching carbon neutrality and achieving the energy mix transition. [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]

This research investigates the energy efficiency of a novel double-glazing system incorporating solid–solid phase change materials (SSPCMs), which offer significant advantages over traditional liquid–solid phase change materials. The primary objective of this study is to develop a 3D numerical model using the finite volume method, which will be followed by a parametric study under real climatic boundary conditions. A proposed double-glazing setup featuring a 2 mm layer of SSPCM applied on the inner glass pane within the air gap is modeled and analyzed. The simulations consider various transient temperatures and ranges of the SSPCM to evaluate the energy performance of the system under different weather conditions of Miami, FL during the coldest and hottest days of the year, both in sunny and cloudy conditions. The results demonstrate a notable improvement in energy performance compared to standard double-glazing windows (DGWs), with the most efficient SSPCM configuration exhibiting a phase transition temperature and range of 25 °C and 1 °C, respectively. This configuration achieved energy savings of 24%, 26%, and 23% during summer sunny, winter sunny, and winter cloudy days, respectively, relative to DGWs during cooling and heating degree hours. However, a 3% energy loss was observed during summer cloudy days. Overall, the findings of this study have shown the potential for energy savings by incorporating SSPCM with suitable thermophysical properties into double-glazing systems. [ABSTRACT FROM AUTHOR]

With the rapid development and construction of large-scale wind power bases under the "Carbon Peaking and Carbon Neutrality Goals" target, traditional wind energy resource assessment methods typically rely on a limited amount of wind mast data, providing only limited wind resource analysis results. These methods are incapable of capturing the spatiotemporal distribution of wind energy resources throughout the entire base, thus failing to meet the construction requirements of wind power bases. In this study, the mesoscale WRF (The Weather Research and Forecasting Model) was employed for wind resource simulation in a large wind power base. Based on the terrain, meteorological observation data, and boundary conditions, high-resolution wind field simulation results were generated, providing more comprehensive spatiotemporal distribution information within the Ulanqab region's wind power base. Through the analysis and comparison of measured data and simulation results at different horizontal resolutions, the model was evaluated. Taking the Ulanqab wind power base as an example, the WRF model was used to study the distribution patterns of key parameters, such as annual average wind speed, turbulence intensity, annual average wind power density, and wind direction. The results indicate that a 4 km horizontal resolution can simultaneously ensure the accuracy of wind speed and wind direction simulations, demonstrating good engineering applicability. The analysis of wind resource characteristics in the Ulanqab wind power base based on the mesoscale model provides reliable reference value and data support for its macro- and micro-siting. [ABSTRACT FROM AUTHOR]

This study employs the Shanghai Environment and Energy Exchange as a case study to investigate the effects of blockchain technology applications on transaction prices within the carbon trading market. Utilizing an event study methodology, the research demonstrates that blockchain technology significantly enhances the transparency, security, and efficiency of the carbon market, thereby exerting a positive influence on transaction prices. Nonetheless, the study also identifies several challenges associated with blockchain applications, including increased costs, heightened energy consumption, transaction delays, and substantial learning costs. To mitigate these issues, the study proposes optimizing blockchain architecture, incorporating Layer 2 technologies to expedite transaction processes, and developing innovative regulatory frameworks. [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]

The aim of this review is to understand the progress in waste material management through pyrolysis to produce eco-energy. The growing demand for energy, combined with the depletion of traditional fossil fuels and their contribution to environmental problems, has led to the search for waste-to-energy technologies in pursuit of carbon neutrality. While municipal residues are only part of the waste management problem, the impact of discarded plastics on the environment and landfills is significant. Plastics not only take centuries to decompose, but also seriously pollute the oceans. Pyrolysis is a thermochemical process that allows for the thermal decomposition of waste in the absence of oxygen. There are several types of pyrolytic reactors, including batch and continuous ones. Batch reactors are preferred to process polymeric waste, with studies highlighting the importance of optimizing parameters, i.e., type of feedstock, heating rate, and pyrolysis temperature. Moreover, the choice of reactor type can influence the yield and structure of the final compounds. Furthermore, various studies have highlighted the gas heating value obtained through waste pyrolysis and how the composition of the liquid fraction is influenced by the type of polyethylene used. Though scientific interest in pyrolysis is remarkable, as publications have increased in recent years, kinetics studies are scarce. Overall, pyrolysis is a promising technique for managing waste materials to produce energy. Ongoing research and development in this area offer significant potential for improving the sustainability of waste management systems. [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]

Achieving the target of carbon neutrality has been an important approach for China to mitigate global climate change. Enterprises are major carbon emitters, and a well-designed early warning system is needed to ensure that their emissions align with carbon neutrality goals. Therefore, this study utilized electricity big data to construct an early warning model for enterprise carbon emissions based on carbon quota allocation. Taking key carbon-emitting enterprises in Guangxi as a case study, we aim to provide insights to support China's dual carbon goals. Firstly, we established the Carbon Quota Allocation System, enabling carbon quota allocation at the enterprise levels. Secondly, we developed the Enterprise Carbon Neutrality Index, facilitating dynamic warnings for carbon emissions among enterprises. The main conclusions are as follows: (1) In 2020, Guangdong received the highest carbon quota of 606 million tons, representing 5.72% of the national total, while Guangxi only received 2.63 billion tons. (2) Only 39.34% of enterprises in Guangxi are able to meet the carbon neutrality target, indicating significant emission reduction pressure faced by enterprises in the region. (3) Over 90% of enterprises in Guangxi receive Commendation and Encouragement warning levels, suggesting that enterprises in Guangxi are demonstrating a promising trend in emission reduction efforts. [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]

In the context of "dual carbon", restrictions on carbon emissions have attracted widespread attention from researchers. In order to solve the issue of the insufficient exploration of the synergistic emission reduction effects of various low-carbon policies and technologies applied to multiple microgrids, we propose a multi-microgrid electricity cooperation optimization scheduling strategy based on stepped carbon trading, a hydrogen-doped natural gas system and P2G–CCS coupled operation. Firstly, a multi-energy microgrid model is developed, coupled with hydrogen-doped natural gas system and P2G–CCS, and then carbon trading and a carbon emission restriction mechanism are introduced. Based on this, a model for multi-microgrid electricity cooperation is established. Secondly, design optimization strategies for solving the model are divided into the day-ahead stage and the intraday stage. In the day-ahead stage, an improved alternating direction multiplier method is used to distribute the model to minimize the cooperative costs of multiple microgrids. In the intraday stage, based on the day-ahead scheduling results, an intraday scheduling model is established and a rolling optimization strategy to adjust the output of microgrid equipment and energy purchases is adopted, which reduces the impact of uncertainties in new energy output and load forecasting and improves the economic and low-carbon operation of multiple microgrids. Setting up different scenarios for experimental validation demonstrates the effectiveness of the introduced low-carbon policies and technologies as well as the effectiveness of their synergistic interaction. [ABSTRACT FROM AUTHOR]

In the context of carbon neutrality and carbon peaking, in order to achieve low carbon emissions and promote the efficient utilization of wind energy, hydrogen energy as an important energy carrier is proposed to mix hydrogen and natural gas to form hydrogen-enriched compressed natural gas (HCNG). It is also injected into the natural gas pipeline network to achieve the transmission and utilization of hydrogen energy. At the same time, the participation of demand response is considered, the load's peak and trough periods are adjusted, and the large-scale consumption of renewable energy and the reduction in carbon emissions are achieved. First of all, a fine model of hydrogen production and hydrogen use equipment is established to analyze the impact of adding hydrogen mixing on the economy and the low-carbon property of the system. With green certificates and demand response, the utilization rate of hydrogen energy is improved to further explore the energy utilization rate and emission reduction capacity of the system. Secondly, on the basis of modeling, the optimal scheduling strategy is proposed with the sum of energy purchase cost, equipment operation cost, carbon emission cost, wind curtailment cost, and green certificate income as the lowest objective function. Considering the constraints such as hydrogen blending ratio and flexible load ratio of the pipeline network, a low-carbon economic scheduling model of hydrogen mixed natural gas was established. The model was linearized and solved by using MATLAB 2021a and CPLEX solver. By comparing different scenarios, the superiority of the model and the effectiveness of the strategy are verified. [ABSTRACT FROM AUTHOR]

As the proportion of new energy sources, such as wind power, in the electricity system rapidly increases, their participation in spot market competition has become an inevitable trend. However, the uncertainty of clearing price and wind power output will lead to bidding deviation and bring revenue risks. In response to this, a bidding strategy is proposed for wind farms to participate in the spot market jointly with carbon capture power plants (CCPP) that have flexible regulation capabilities. First, a two-stage decision model is constructed in the day-ahead market and real-time balancing market. Under the joint bidding mode, CCPP can help alleviate wind power output deviations, thereby reducing real-time imbalanced power settlement. On this basis, a tiered carbon trading mechanism is introduced to optimize day-ahead bidding, aiming at maximizing revenue in both the electricity spot market and carbon trading market. Secondly, conditional value at risk (CVaR) is introduced to quantitatively assess the risks posed by uncertainties in the two-stage decision model, and the risk aversion coefficient is used to represent the decision-maker's risk preference, providing corresponding strategies. The model is transformed into a mixed-integer linear programming model using piecewise linearization and McCormick enveloping. Finally, the effectiveness of the proposed model and methods is verified through numerical examples. [ABSTRACT FROM AUTHOR]

This study analyzes the residual demand curves of 42 countries under five scenarios with varying variable renewable energy (VRE) levels to observe how replacing coal with VRE can alter the demand curve. Using 2018 demand data, the residual demand was calculated and analyzed by subtracting the VRE supply curve from the demand curve. The operational requirements for low-carbon load-following sources amid high VRE penetration are examined. Key findings indicate that substantial peak residual demand persists even with 70% energy from VREs, emphasizing the need for significant load-following resources. Transitioning to a 70% VRE scenario could reduce CO2 emissions by approximately 16.799 billion tons, advancing towards carbon neutrality. However, this benefit depends on maintaining grid stability, highlighting the importance of adequate load-following plants to manage VRE intermittency. Countries like Malaysia, South Korea, Tunisia, the UK, Japan, Indonesia, Thailand, and Libya face higher load-following demands due to specific renewable energy contexts. This study reveals varying renewable energy environments across countries, suggesting that a universal strategy for carbon neutrality and replacing coal may not be feasible. Each nation must develop its own approach to emission reduction, considering its unique conditions. This research emphasizes the urgent need for developing cost-effective, flexible, low-carbon load-following sources to enhance decarbonization potential globally. [ABSTRACT FROM AUTHOR]

The circular economy is a decisive strategy for reconciling economic development and the environment. In France, the CE was introduced into the law in 2015 with the objective of closing the loop. The legislation also delegates energy policy towards the French regions by granting them the jurisdiction to directly plan the energy–climate issues on their territory and to develop local energy resources. Thereby, the SUD PACA region has redefined its objectives and targeted carbon neutrality and the transition to a CE by 2050. To study this transition, we developed a TIMESPACA optimization model. The results show that following a CE perspective to develop a local energy system could contribute to reducing CO2 emissions by 50% in final energy consumption and reaching almost free electricity production. To obtain greater reductions, the development of the regional energy systems should follow a careful policy design favoring the transition to low energy-consuming behavior and the strategical allocation of resources across the different sectors. Biomethane should be allocated to the buildings and industrial sector, while hydrogen should be deployed for buses and freight transport vehicles. [ABSTRACT FROM AUTHOR]

In the face of the increasingly dire threat of global climate change, reducing carbon emissions has become an urgent priority for governments and corporations worldwide. The aluminum alloy wheel manufacturing industry bears an even heavier burden for emission mitigation due to its high production volume, complex processes, and proportionally higher carbon footprint. With impending carbon taxes and trading policies looming, the industry urgently needs to strike a balance between maximizing profits and minimizing carbon emissions. Leveraging real-world industry data, this research develops four green Activity-Based Costing (ABC) models and utilizes optimization software to compare the following scenarios: non-continuous carbon tax, carbon tax with trading, tiered tax with exemptions, and exemptions combined with trading. Results demonstrate that integrating carbon trading and targeted tax reductions can improve corporate financial positions without severely compromising environmental goals. Although identifying optimal balance points remains a highly complex process, this study equips enterprises and policymakers with quantitative tools to navigate fluctuating carbon regulatory environments. As national policies progress, more multifaceted dynamic carbon tax models will likely provide more profound insights for sustainable development. [ABSTRACT FROM AUTHOR]

Recently, there has been a growing interest in utilizing depleted gas and oil reservoirs for carbon capture and storage. This interest arises from the fact that numerous reservoirs have either been depleted or necessitate enhanced oil and gas recovery (EOR/EGR). The sequestration of CO2 in subsurface repositories emerges as a highly effective approach for achieving carbon neutrality. This process serves a dual purpose by facilitating EOR/EGR, thereby aiding in the retrieval of residual oil and gas, and concurrently ensuring the secure and permanent storage of CO2 without the risk of leakage. Injectivity is defined as the fluid's ability to be introduced into the reservoir without causing rock fracturing. This research aimed to fill the gap in carbon capture and storage (CCS) literature by examining the limited consideration of injectivity, specifically in depleted underground reservoirs. It reviewed critical factors that impact the injectivity of CO2 and also some field case data in such reservoirs. [ABSTRACT FROM AUTHOR]

The growing demand for electricity, driven by factors such as the shift to carbon neutrality and economic growth, is a challenge shared by South Korea and Japan. South Korea, a peninsula nation, and Japan, an island country, which are both heavily dependent on foreign energy sources and have manufacturing-based industrial structures, are actively working to secure stable power supplies for their economic development. This article carries out a quantitative analysis of the roles of the South Korean and Japanese electric power sectors (EPSs) in their respective economies, seeking to identify differences and generate actionable insights for decision making and policy formulation. Utilizing the input–output (IO) technique with the latest available data, the analysis includes a demand-side model, a supply-side model, and a price-side model to examine various effects of the EPSs. The key findings reveal differences in the production-inducing, value-added creation, and job-creation effects between the two countries, highlighting operational disparities in their electricity sectors. Additionally, South Korea exhibits higher wage-inducing, supply shortage, and price-side effects than Japan, because of its public enterprise-oriented high-wage structure and a substantial manufacturing sector. These quantitative results provide valuable reference material for future government decisions and policy development in the EPS and emphasize the significant role and impact of the power sector in both countries. [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]