The role of BECCS in deep decarbonization of China's economy: A computable general equilibrium analysis

Xiaodan Huang, Shiyan Chang, Dingqian Zheng and Xiliang Zhang

Energy Economics, 2020, vol. 92, issue C

Abstract: Climate change has significant impacts on natural ecosystems and human living environments. Bioenergy with carbon capture and storage (BECCS) is a critical technology that can offer net CO2 emission reductions while providing a sustainable energy supply at lower costs. The role of the BECCS deployment in achieving deep decarbonization in China needs to be quantified. Scenario analyses were conducted in this study based on a computable general equilibrium energy-economic model, the China-in-Global Energy Model (C-GEM), with detailed representations of BECCS. The results showed that BECCS will capture 0.59 gigatonnes of CO2 in 2050 under the 2 °C Scenario and 0.95 gigatonnes of CO2 in 2050 under the 1.5 °C Scenario, respectively. If these emission targets have to be reached without BECCS, the carbon price and gross domestic product (GDP) losses will be higher. Especially under the 1.5 °C Scenario, the deployment of BECCS can reduce the carbon price by 61% and the GDP loss rate by three percentage points in 2050 compared with that without the deployment of BECCS.

Keywords: BECCS; CGE model; China; Deep decarbonization; 2 °C; 1.5 °C (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S014098832030308X
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:eneeco:v:92:y:2020:i:c:s014098832030308x

DOI: 10.1016/j.eneco.2020.104968

Access Statistics for this article

Energy Economics is currently edited by R. S. J. Tol, Beng Ang, Lance Bachmeier, Perry Sadorsky, Ugur Soytas and J. P. Weyant

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