Economics at your fingertips  

Estimating benefits and costs of policies proposed in the 13th FYP to improve energy efficiency and reduce air emissions of China's electric power sector

Mingquan Li and Patiño-Echeverri, Dalia

Energy Policy, 2017, vol. 111, issue C, 222-234

Abstract: This paper assesses the benefits and costs of five policies seeking to improve the energy efficiency and sustainability of China's electric power sector in the 13th five-year plan. It also estimates for each policy, the cost per ton of coal saved and the cost per ton of CO2, SO2, NOx, PM and mercury abated. Results show that, compared with a business as usual (BAU) case, the implementation of these policies will reduce coal consumption and CO2 emissions by 9.61–13.77% and will eliminate more than half of air pollutant emissions, at an annualized cost in the range of $43.5–97.4 billion. Among the policies analyzed, the development of renewable power and the mandate for retrofits of existing coal-fired power plants (CFPPs) are the most promising for reducing energy consumption and emissions; the former has the highest potential for reducing coal usage and CO2 emissions; while the latter can contribute the most to the reduction of air pollutant emissions. The two most cost-effective policies for reducing coal consumption and air emissions are a) imposing technology standards for new CFPPs and b) mandating retrofits for existing CFPPs. In contrast, the adoption of low-sulfur coal is the costliest policy.

Keywords: Energy efficiency; Emissions reduction; Cost-benefit analysis; Electric power sector; China; Cost of Carbon Abatement (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
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:

Access Statistics for this article

Energy Policy is currently edited by N. France

More articles in Energy Policy from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

Page updated 2019-03-16
Handle: RePEc:eee:enepol:v:111:y:2017:i:c:p:222-234