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- W2355842983 abstract "The coal-based power industry is the largest greenhouse gases(Green House Gas,GHG) emitting sector in China,accounting for 40% of the total GHG emissions.Whether the GHG emissions reduction target of China can be successfully achieved depends largely on emissions growth from the power industry being effectively controlled.The GHG emissions allowance becomes a valuable resource if there is a GHG emission cap on power industry.This paper constructed a mathematical programming model at the aim of minimizing the total cost of the power system and obtained the shadow price of emission allowance according to duality principle.Shenzhen grid was selected as a case study.Shadow price of allowance was calculated according to the model and the main factors influencing it were analyzed.The results demonstrated that the shadow price of emission allowance was largely influenced by the emission cap and the energy resource richness.Nuclear power decreases the average cost of electricity of the power system and avoids the sharp increase of carbon price.The carbon capture and storage technology can also decrease the demand of carbon emission allowance and the carbon price.Shadow price of the allowance can serve as an important reference to determine the price of the GHG emissions allowance or carbon tax rate." @default.
- W2355842983 created "2016-06-24" @default.
- W2355842983 creator A5028224186 @default.
- W2355842983 date "2012-01-01" @default.
- W2355842983 modified "2023-09-27" @default.
- W2355842983 title "Carbon Emissions Allowance Shadow Price Model:An Application in Power Generation Sector of Shenzhen" @default.
- W2355842983 hasPublicationYear "2012" @default.
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