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- W1547375663 abstract "This study investigates the cost-effective pathways of China's power decarbonization with various low-carbon power technologies, incorporating the uncertainties of CO2 price. An adapted low-carbon generation expansion planning model (GEP) was applied to determine the least-cost decision. Based on the scenario analysis, we conclude with the following findings. First, technically, carbon capture and storage (CCS) technology is indispensable to help China achieve a high-degree CO2 reduction in the power sector, but it results in a slight increase in fuel consumption. Second, the cost competitiveness of CCS technology increases with the CO2 price and exceeds the cost competitiveness of renewable energy power technologies at certain points. Hence, CCS facilitates a cost-effective decarbonization when CO2 price is introduced. Third, the share of renewable energy generation slightly varies at around 42% across the scenarios, which almost achieves the production limit. A heavy reliance of CO2 reduction on renewable energy generation is not technically and economically effective for China." @default.
- W1547375663 created "2016-06-24" @default.
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- W1547375663 date "2014-12-01" @default.
- W1547375663 modified "2023-09-26" @default.
- W1547375663 title "The cost-effective pathways for power decarbonization: Low-carbon generation technologies" @default.
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- W1547375663 doi "https://doi.org/10.1109/appeec.2014.7066176" @default.
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