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Energy development in industrial parks promotes both industrial and inter-park economies. However, as the number of industrial parks increases and the economic level of the parks rises, energy consumption is also increasing rapidly. The rapid expansion of inter-park trading markets is accompanied by a surge in carbon emissions, making industrial parks increasingly significant contributors to carbon emissions within the industrial sector. In response to this environmental challenge, this paper proposes an integrated trading approach within industrial parks that considers carbon constraints. By implementing a spot trading method for surplus industrial energy, the goal is to mitigate the carbon emission pressure within these parks. Firstly, the paper conducts an analysis of the characteristics of combined heat and power units in industrial parks. It introduces an integrated analysis method within the target region, consolidating information from various park units to enhance flexibility in energy utilization. Secondly, an energy storage model is established. This model efficiently leverages energy storage capacity to balance fluctuations in energy supply and demand within industrial parks, thereby alleviating carbon emission pressure. Finally, the study and analysis of an industrial park in Liaoning Province were conducted using the Yalmip + Gurobi commercial software on the MATLAB platform. Compared with the traditional industrial park, the carbon dioxide emission of the industrial park is reduced by 91.49t, and the energy cost is saved by 11.2 million RMB. Numerical results from instances indicate that this method surpasses traditional trading approaches, aligning with the rigorous standards of scientific research. • An energy storage model is proposed to address the shortage of energy storage in waste heat trading in industrial parks. • A coordinated scheduling program is presented to reduce energy scheduling imbalances between multiple campuses. • The carbon-constrained energy storage device is integrated to improve the decarbonization capacity. [ABSTRACT FROM AUTHOR]

Carbon peaking and carbon neutrality goals are proposed by the Chinese government, which aims to reach the highest level of CO 2 emissions by 2030 and achieve carbon neutrality by 2060. It is of great significance to accelerate green production and lead high-quality development. Energy carbon emissions account for 88% of total CO 2 emissions, while forest carbon sequestration account for 80% of China's terrestrial ecosystems. In this paper, we analyzed the spatial and temporal evolutions of industrial energy consumption carbon emissions and forest carbon sequestration of Hubei Province, then demonstrated the offsetting effect of forest carbon sequestration on the industrial CO 2 emissions. Our results documented energy carbon emissions and forest carbon sequestration in Hubei Province both increased from 2000 to 2020, with the growth rates of 4.9423 Mt/yr and 0.28015 Mt/yr. Forest carbon sequestration could offset energy carbon emissions before 2005, while the offsetting effect was weak due to the continuous increase in industrial energy consumption after 2005. Significant spatial heterogeneity was observed in both energy carbon emissions and forest carbon sequestration. Wuhan had the biggest carbon emission with annual average carbon emission of about 20.046 Mt, while Enshi had the biggest carbon sequestration with annual average forest carbon sequestration of about 14.411 Mt. Spatial autocorrelation between energy carbon emissions and forest carbon sequestration was significant in Hubei Province in the past two decades. Our findings provided evidence that local-scale forest carbon sequestration could offset carbon emissions caused by industrial energy consumption at a certain extent, helping to draw up the scientific energy-saving and emissions-reducing measures. [Display omitted] [ABSTRACT FROM AUTHOR]

Personal Carbon Trading (PCT) is a downstream cap-and-trade scheme to reduce carbon emissions from the household sector. In comparison to an upstream carbon trading scheme, PCT is a progressive scheme in which the poorer consumers are mostly ‘winners’, as their levels of emissions are generally lower. This paper investigates the equilibrium price for allowances and distributional effects under a PCT scheme. First, we propose an equilibrium model for PCT from which we derive an equilibrium price for allowances. Second, a consumer surplus analysis is conducted to examine the welfare changes caused by the PCT scheme. Generally, we find that the PCT scheme is progressive and can provide a buffer between the energy and allowance price. Based on these results, the implications are discussed and suggestions for a future study are provided. [ABSTRACT FROM AUTHOR]