The achievement of the carbon emissions peak in China: The role of energy consumption structure optimization

Shiwei Yu, Shuhong Zheng and Xia Li

Energy Economics, 2018, vol. 74, issue C, 693-707

Abstract: Optimizing the coal-dominated structure of energy consumption would effectively contribute toward ensuring that China's carbon emissions peak by 2030. To investigate whether this goal can be achieved through such optimization, the present study proposed a new economic-carbon emission-costs (ECC) multi-objective optimization model. Our findings show that the carbon emission peak will be achieved between 2025 and 2028, most likely in 2028, with 10.12 billion tonnes CO2. The peak of coal consumption was achieved in 2013 whereas the oil consumption cannot be peaked before 2035 in the GDP preference. In the process, China's GDP will be able to maintain an average annual growth rate of 5.9%–6.3% between 2017 and 2030, while the carbon emission average annual growth will be 0.5%–1.1%. The carbon intensity in 2030 can drop to 71.9% based on the 2005 level, which would exceed the committed reduction goal of carbon intensity equal to 60–65%. Furthermore, we find that the volume and time of the CO2 emission peak are not sensitive to renewable electricity price, but are sensitive to the assumptions both the minimum average annual growth rates of GDP and the average annual reduction rate of energy intensity.

Keywords: Carbon emission peak; Energy consumption structure; Multi-objective optimization (search for similar items in EconPapers)
JEL-codes: L0 O11 Q43 Q52 Q54 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (41)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:74:y:2018:i:c:p:693-707

DOI: 10.1016/j.eneco.2018.07.017

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