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Equilibrium Strategy-Based Optimization Method for Carbon Emission Quota Allocation in Conventional Power Plants

Qian Huang (), Qing Feng (), Yuan Tian () and Li Lu ()
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Qian Huang: Business School, Sichuan University, Chengdu 610064, China
Qing Feng: Business School, Sichuan University, Chengdu 610064, China
Yuan Tian: Tourism School, Sichuan University, Chengdu 610064, China
Li Lu: Business School, Sichuan University, Chengdu 610064, China

Sustainability, 2018, vol. 10, issue 9, 1-18

Abstract: Carbon emissions have become significant obstacles to sustainable development. To control carbon emissions, rational carbon emissions quota allocation provides an effective way. As conventional power plants (CPP) are the major contributors to global carbon emissions, this study proposes an equilibrium strategy-based bi-level multi-objective model for carbon emissions quota allocation which fully considers the conflict between the authority and the CPPs, and the conflict between economic development and environmental protection. In addition, uncertainty theory is employed to represent the imprecise parameters in reality. The proposed model is then applied to Shenzhen to show the practicality and efficiency of the proposed model. An interactive algorithm is developed to calculate. Based on results, the proposed method can achieve carbon emissions reductions, cooperative authority-CPPs relationship and economic-environmental coordination. It also indicates that the authority would allocate greater quotas to lower carbon emissions power plants. These results demonstrate the proposed method could help seek optimal allocation policies.

Keywords: carbon emissions quota allocation; equilibrium strategy; optimization method; carbon emissions reduction; conventional power plants (search for similar items in EconPapers)
JEL-codes: Q Q0 Q2 Q3 Q5 Q56 O13 (search for similar items in EconPapers)
Date: 2018
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