Simulation of Technology Diffusion and Carbon Market Mechanism in Petrochemical Industry for Carbon Emission Reduction

Yuzhuo Zhang (), Jie Ma (), Qing Liu (), Chengjie Wang () and Haifeng Zheng ()
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Yuzhuo Zhang: State Grid Energy Research Institution
Jie Ma: State Grid Energy Research Institution
Qing Liu: State Grid Energy Research Institution
Chengjie Wang: State Grid Energy Research Institution
Haifeng Zheng: State Grid Energy Research Institution

A chapter in Proceedings of the 2024 6th Management Science Informatization and Economic Innovation Development Conference (MSIEID 2024), 2025, pp 716-725 from Springer

Abstract: Abstract In the realm of petrochemical production, the implementation of advanced urea synthesis technology, comprehensive energy-saving and carbon-reduction techniques for oil refining and heating furnaces, as well as integrated methods for the balanced treatment of oil, gas, and water, can significantly diminish lower carbon emissions and energy consumption. At present, more and more high-energy-consuming industries such as petrochemicals will gradually enter the Chinese carbon market. These industries can reduce carbon emissions through energy-saving measures, and convert these carbon emissions into quotas to trade in the market to make profits and realize the appreciation of carbon assets. This paper examines the impact of technology diffusion on the participation of petrochemical enterprises in carbon trading, focusing on the advanced energy-saving technologies prevalent in the industry. The findings indicate that established petrochemical facilities tend to opt for technological upgrades when quota allocations are lenient, whereas newly established facilities are more inclined to adopt new technologies under stricter quota conditions. In the initial phase of carbon market operations, it is advisable to implement lenient quotas to facilitate technological upgrades and enhance energy efficiency in existing petrochemical plants, with a gradual tightening of quotas as the market matures.

Keywords: Energy-saving; Technologies diffusion; Carbon trading; Petrochemical industry (search for similar items in EconPapers)
Date: 2025
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DOI: 10.2991/978-94-6463-676-5_69

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