The effects of carbon emissions trading and renewable portfolio standards on the integrated wind–photovoltaic–thermal power-dispatching system: Real case studies in China

Qinliang Tan, Yihong Ding, Jin Zheng, Mei Dai and Yimei Zhang

Energy, 2021, vol. 222, issue C

Abstract: The existing literature demonstrates that the multi-energy combined power-dispatching system is crucial for resolving the mismatch between the installed capacity and the power generation through renewable energy. However, our knowledge of the impact mechanism of climate policies on this system is still limited. To address this gap, cost-accounting models that consider price fluctuation based on carbon emissions trading and renewable portfolio standards in China are proposed and applied to the integrated wind–photovoltaic–thermal power-dispatching system in Xinjiang. The scenarios analysis showed that in terms of reducing emissions, carbon emissions trading is more effective in cases with a high installed proportion of renewable power, whereas renewable portfolio standards are the opposite, as they are better in two cases in terms of energy saving. The sensitivity analysis indicates that the effect of renewable portfolio standards on the penetration rate of renewable power is constant. There is some potential for the design optimization of these two policies in China, and the characteristics of the power structure should be considered. These results can help the dispatching department in evaluating the impact of carbon emissions trading and renewable portfolio standards to optimize the dispatching strategy and provide directions for policy makers to improve the design.

Keywords: Carbon emissions trading; Renewable portfolio standards; Wind–photovoltaic–thermal; Effect analysis (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (33)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0360544221001766
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:222:y:2021:i:c:s0360544221001766

DOI: 10.1016/j.energy.2021.119927

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().