Impacts of Government Policies on the Adoption of Biomass Power: A System Dynamic Perspective

Zhao Xin-gang, Wang Wei (), Hu Shuran and Liu Xuan
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Zhao Xin-gang: School of Economics and Management, North China Electric Power University, Beijing 102206, China
Wang Wei: School of Economics and Management, North China Electric Power University, Beijing 102206, China
Hu Shuran: School of Economics and Management, North China Electric Power University, Beijing 102206, China
Liu Xuan: School of Economics and Management, North China Electric Power University, Beijing 102206, China

Sustainability, 2023, vol. 15, issue 2, 1-11

Abstract: As a kind of renewable energy, biomass power has great development potential in mitigating greenhouse gas emissions. Therefore, under the background of carbon peak and carbon neutrality, the diffusion of biomass power generation technology has practical significance. To address these issues, this paper constructs a system dynamics model to study the impact of different policy effects on the diffusion of biomass power generation technologies. The results show that the feed-in tariff policy can significantly promote the installed capacity growth of biomass power generation projects; on the other hand, carbon emission trading increases the investment value of projects and promotes the growth of the installed capacity of biomass power generation projects, to a certain extent, so relevant policies need to be improved to achieve the promotion of biomass power generation technology in the future.

Keywords: government policies; biomass power; system dynamic; adoption (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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