Search Results (835)

In the context of the global response to climate change and the active promotion of energy transformation, a number of low-carbon policies coupled with the development of synergies to help power system transformation is an important initiative. However, the insufficient articulation of the green power market, tradable green certificate (TGC) market, and carbon emission trading (CET) mechanism, and the ambiguous policy boundaries affect the trading decisions made by its market participants. Therefore, this paper systematically analyses the composition of the main players in the electricity-CET-TGC markets and their relationship with each other, and designs the synergistic mechanism of the electricity-CET-TGC markets, based on which, it constructs the optimal profit model of the thermal power plant operators, renewable energy manufacturers, power grid enterprises, power users and load aggregators under the electricity-CET-TGC markets synergy, and analyses the behavioural decision-making of the main players in the electricity-CET-TGC markets as well as the electric power system to optimise the trading strategy of each player. The results of the study show that: (1) The synergistic mechanism of electricity-CET-TGC markets can increase the proportion of green power grid-connected in the new type of power system. (2) In the selection of different environmental rights and benefits products, the direct participation of green power in the market-oriented trading is the main way, followed by applying for conversion of green power into China certified emission reduction (CCER). (3) The development of independent energy storage technology can produce greater economic and environmental benefits. This study provides policy support to promote the synergistic development of the electricity-CET-TGC markets and assist the low-carbon transformation of the power industry. Full article

The cement industry is a significant contributor to global carbon dioxide emissions, primarily due to the energy demands of its production process and its reliance on clinker, a material formed through the high-temperature calcination of limestone. Strategies to reduce emissions include the adoption of low-carbon fuels, the use of carbon capture and storage (CCS) technologies, and the integration of supplementary cementitious materials (SCMs) to reduce the clinker content. The effectiveness of these measures depends on a complex set of interactions involving technological feasibility, market dynamics, and regulatory frameworks. This study presents a system dynamics model designed to assess how various decarbonization approaches influence long-term emission trends within the cement industry. The model accounts for supply chains, production technologies, market adoption rates, and changes in cement production costs. This study then analyzes a number of scenarios where there is large-scale sustained investment in each of three carbon mitigation strategies. The results show that CCS by itself allows the cement industry to achieve carbon neutrality, but the high capital investment results in a large cost increase for cement. A combined approach using alternative fuels and SCMs was found to achieve a large carbon reduction without a sustained increase in cement prices, highlighting the trade-offs between cost, effectiveness, and system-wide interactions. Full article

In line with the goals of “peak carbon emissions and carbon neutrality”, this study aims to develop a market-coordinated operation mechanism to promote renewable energy adoption and consumption, addressing the challenges of integrating medium- and long-term trading with spot markets in power systems with high renewable energy penetration. A three-stage joint operation framework is proposed. First, a medium- and long-term trading game model is established, considering multiple energy types to optimize the benefits of market participants. Second, machine learning algorithms are employed to predict renewable energy output, and a contract decomposition mechanism is developed to ensure a smooth transition from medium- and long-term contracts to real-time market operations. Finally, a day-ahead market-clearing strategy and an incentive-compatible settlement mechanism, incorporating the constraints from contract decomposition, are proposed to link the two markets effectively. Simulation results demonstrate that the proposed mechanism effectively enhances resource allocation and stabilizes market operations, leading to significant revenue improvements across various generation units and increased renewable energy utilization. Specifically, thermal power units achieve a 19.12% increase in revenue, while wind and photovoltaic units show more substantial gains of 38.76% and 47.52%, respectively. Concurrently, the mechanism drives a 10.61% increase in renewable energy absorption capacity and yields a 13.47% improvement in Tradable Green Certificate (TGC) utilization efficiency, confirming its overall effectiveness. This research shows that coordinated optimization between medium- and long-term/spot markets, combined with a well-designed settlement mechanism, significantly strengthens the market competitiveness of renewable energy, providing theoretical support for the market-based operation of the new power system. Full article

This study optimizes the production of activated carbons from hydrothermally carbonized (HTC) biomass using potassium hydroxide (KOH) and phosphoric acid (H₃PO₄) as activating agents. A 2³ factorial experimental design evaluated the effects of agent-to-precursor ratio, dry impregnation time, and activation duration on mass yield and iodine adsorption capacity. KOH-activated carbons achieved superior iodine numbers (up to 1289 mg/g) but lower mass yields (18–35%), reflecting enhanced porosity at the cost of material loss. Conversely, H₃PO₄ activation yielded higher mass retention (up to 54.86%) with moderate iodine numbers (up to 1117.3 mg/g), balancing porosity and yield. HTC pretreatment at 190 °C reduced the ash content, thereby enhancing the stability of hydrochar. These findings highlight the trade-offs between adsorption performance and process efficiency, with KOH suited for high-porosity applications (e.g., water purification) and H₃PO₄ for industrial scalability. The study advances biomass waste valorization, aligning with circular economy principles and offering sustainable solutions for environmental and industrial applications, such as water purification and energy storage. Full article

This study empirically evaluates the energy and carbon reduction effects of an envelope retrofit applied to an aging public building in South Korea. Unlike previous studies that primarily relied on simulation-based analyses, this work fills the empirical research gap by using actual utility billing data collected over one pre-retrofit year (2019) and two post-retrofit years (2023–2024). The retrofit included improvements to exterior walls, roofs, and windows, aiming to enhance thermal insulation and airtightness. The analysis revealed that monthly electricity consumption was reduced by 14.7% in 2023 and 8.0% in 2024 compared to that in the baseline year, with corresponding decreases in electricity costs and carbon dioxide emissions. Seasonal variations were evident: energy savings were significant in the winter due to reduced heating demand, while cooling energy use slightly increased in the summer, likely due to diminished solar heat gains resulting from improved insulation. By addressing both heating and cooling impacts, this study offers practical insights into the trade-offs of envelope retrofitting. The findings contribute to the body of knowledge by demonstrating the real-world performance of retrofit technologies and providing data-driven evidence that can inform policies and strategies for improving energy efficiency in public buildings. Full article

This paper examines the changing role of emissions trading systems (ETSs) within the macro-financial framework of energy markets, emphasizing price dynamics and systemic spillovers. Utilizing monthly data from seven ETS jurisdictions spanning January 2021 to December 2024 (N = 287 observations after log transformation and first differencing), which includes four auction-based markets (United States, Canada, United Kingdom, South Korea), two secondary markets (China, New Zealand), and a government-set fixed-price scheme (Germany), this research estimates a panel vector autoregression (PVAR) employing a Common Correlated Effects (CCE) model and augments it with machine learning analysis utilizing XGBoost and explainable AI methodologies. The PVAR-CEE reveals numerous unexpected findings related to carbon markets: ETS returns exhibit persistence with an autoregressive coefficient of −0.137 after a four-month lag, while increasing inflation results in rising ETS after the same period. Furthermore, ETSs generate spillover effects in the real economy, as elevated ETSs today forecast a 0.125-point reduction in unemployment one month later and a 0.0173 increase in inflation after two months. Impulse response analysis indicates that exogenous shocks, including Brent oil prices, policy uncertainty, and financial volatility, are swiftly assimilated by ETS pricing, with effects dissipating completely within three to eight months. XGBoost models ascertain that policy uncertainty and Brent oil prices are the most significant predictors of one-month-ahead ETSs, whereas ESG factors are relevant only beyond certain thresholds and in conditions of low policy uncertainty. These findings establish ETS markets as dynamic transmitters of macroeconomic signals, influencing energy management, labor changes, and sustainable finance under carbon pricing frameworks. Full article

Under the construction background of carbon peak and carbon neutrality, high-energy-consuming enterprises, represented by the electrolytic aluminum industry, have become important carriers for energy conservation and emission reduction. These enterprises are characterized by significant energy consumption and high carbon emissions, greatly impacting the economic and environmental benefits of regional power grids. Existing research often focuses on grid revenue, leaving high-energy-consuming enterprises in a passive regulatory position. To address this, this paper constructs an economic dispatch strategy for power grids that considers waste heat utilization in high-energy-consuming enterprises. A typical representative, electrolytic aluminum load and its waste heat utilization model, for the entire production process of high-energy-consuming loads, is established. Using a tiered carbon trading calculation formula, a low-carbon production scheme for high-energy-consuming enterprises is developed. On the grid side, considering local load levels, the uncertainty of wind power output, and the energy demands of aluminum production, a robust day-ahead economic dispatch model is established. Case analysis based on the modified IEEE-30 node system demonstrates that the proposed method balances economic efficiency and low-carbon performance while reducing the conservatism of traditional optimization approaches. Full article

In the context of achieving low-carbon goals, building low-carbon energy systems is a crucial development direction and implementation pathway. Renewable energy is favored because of its clean characteristics, but the access may have an impact on the power grid. Microgrid technology provides an effective solution to this problem. Uncertainty exists in single microgrids, so multiple microgrids are introduced to improve system stability and robustness. Electric carbon trading and profit redistribution among multiple microgrids have been challenges. To promote energy commensurability among microgrids, expand the types of energy interactions, and improve the utilization rate of renewable energy, this paper proposes a cooperative operation optimization model of multi-microgrids based on the green certificate and carbon trading mechanism to promote local energy consumption and a low carbon economy. First, this paper introduces a carbon capture system (CCS) and power-to-gas (P2G) device in the microgrid and constructs a cogeneration operation model coupled with a power-to-gas carbon capture system. On this basis, a low-carbon operation model for multi-energy microgrids is proposed by combining the local carbon trading market, the stepped carbon trading mechanism, and the green certificate trading mechanism. Secondly, this paper establishes a cooperative game model for multiple microgrid electricity carbon trading based on the Nash negotiation theory after constructing the single microgrid model. Finally, the ADMM method and the asymmetric energy mapping contribution function are used for the solution. The case study uses a typical 24 h period as an example for the calculation. Case study analysis shows that, compared with the independent operation mode of microgrids, the total benefits of the entire system increased by 38,296.1 yuan and carbon emissions were reduced by 30,535 kg through the coordinated operation of electricity–carbon coupling. The arithmetic example verifies that the method proposed in this paper can effectively improve the economic benefits of each microgrid and reduce carbon emissions. Full article

With the support of the dual-carbon strategy and related policies, China’s offshore wind power has experienced rapid development. However, constrained by the inherent intermittency and volatility of wind power, large-scale expansion poses significant challenges to grid integration and exacerbates government fiscal burdens. To address these critical issues, this paper proposes a multi-market coupling trading model integrating energy storage-equipped offshore wind power into electricity–carbon–green certificate markets for large-scale grid networks. Firstly, a day-ahead electricity market optimization model that incorporates energy storage is established to maximize power revenue by coordinating offshore wind power generation, thermal power dispatch, and energy storage charging/discharging strategies. Subsequently, carbon market and green certificate market optimization models are developed to quantify Chinese Certified Emission Reduction (CCER) volume, carbon quotas, carbon emissions, market revenues, green certificate quantities, pricing mechanisms, and associated economic benefits. To validate the model’s effectiveness, a gradient ascent-optimized game-theoretic model and a double auction mechanism are introduced as benchmark comparisons. The simulation results demonstrate that the proposed model increases market revenues by 17.13% and 36.18%, respectively, compared to the two benchmark models. It not only improves wind power penetration and comprehensive profitability but also effectively alleviates government subsidy pressures through coordinated carbon–green certificate trading mechanisms. Full article

Hydrogen production is increasingly vital for global decarbonization but remains a water- and energy-intensive process, especially in arid regions. Despite growing attention to its climate benefits, limited research has addressed the environmental impacts of water sourcing. This study employs a life cycle assessment (LCA) approach to evaluate three water supply strategies for hydrogen production: (1) seawater desalination without brine treatment (BT), (2) desalination with partial BT, and (3) freshwater purification. Scenarios are modeled for the United Arab Emirates (UAE), Australia, and Spain, representing diverse electricity mixes and water stress conditions. Both electrolysis and steam methane reforming (SMR) are evaluated as hydrogen production methods. Results show that desalination scenarios contribute substantially to human health and ecosystem impacts due to high energy use and brine discharge. Although partial BT aims to reduce direct marine discharge impacts, its substantial energy demand can offset these benefits by increasing other environmental burdens, such as marine eutrophication, especially in regions reliant on carbon-intensive electricity grids. Freshwater scenarios offer lower environmental impact overall but raise water availability concerns. Across all regions, feedwater for SMR shows nearly 50% lower impacts than for electrolysis. This study focuses solely on the environmental impacts associated with water sourcing and treatment for hydrogen production, excluding the downstream impacts of the hydrogen generation process itself. This study highlights the trade-offs between water sourcing, brine treatment, and freshwater purification for hydrogen production, offering insights for optimizing sustainable hydrogen systems in water-stressed regions. Full article

Direct electrification and hydrogen utilization represent two key pathways for decarbonizing the glass industry, with their effectiveness subject to adequate furnace design and renewable energy availability. This study presents a techno-economic assessment for optimal solar energy integration in a representative 300 t/d oxyfuel container glass furnace with a specific energy consumption of 4.35 GJ/t. A mixed-integer linear programming formulation is developed to evaluate specific melting costs, carbon emissions, and renewable energy self-consumption and self-production rates across three scenarios: direct solar coupling, battery storage, and a hydrogen-based infrastructure. Battery storage achieves the greatest reductions in specific melting costs and emissions, whereas hydrogen integration minimizes electricity export to the grid. By incorporating capital investment considerations, the study quantifies the cost premiums and capacity requirements under varying decarbonization targets. A combination of 30 MW of solar plant and 9 MW of electric boosting enables the realization of around 30% carbon reduction while increasing total costs by 25%. Deeper decarbonization targets require more advanced systems, with batteries emerging as a cost-effective solution. These findings offer critical insights into the economic and environmental trade-offs, as well as the technical constraints associated with renewable energy adoption in the glass industry, providing a foundation for strategic energy and decarbonization planning. Full article

With the proposal of China’s “dual carbon” goal, the carbon market has become a vital tool for controlling carbon emissions. This study constructs a system dynamics model encompassing carbon trading, the economy, energy, population, and the environment, and conducts simulation analysis against the backdrop of China’s national carbon market’s implementation. The results indicate that the implementation of China’s national carbon market significantly promotes carbon emissions reduction, albeit at the cost of some economic development in the short term. However, the suppressive effect of the carbon market on carbon emissions is stronger than its negative impact on economic growth. The effects of carbon reduction strengthen with increases in carbon price, quota auction, CCER price, penalty severity, and the quota reduction rate and weaken with a higher CCER offset ratio. A moderate reduction in the tightening quota reduction rate is more conducive to achieving coordinated development across the multiple objectives of carbon reduction, economic development, and energy structure. Under the constraints of multiple objectives involving carbon reduction, economic development, and energy structure, the reasonable range for carbon prices is between CNY 77.9 and CNY 118.9 per ton, with the maximum quota auction of 23.4%. Additionally, the reasonable range for the quota reduction rates is between 0.84% and 2.18%, with the penalty severity set at 7. Full article

The significant energy intensity of high-speed railway necessitates integrating renewable technologies to enhance grid resilience and decarbonize transport. This study establishes a coordinated carbon–green certificate market mechanism for railway power systems and develops a tri-source planning model (grid/solar/energy storage) that comprehensively considers the full lifecycle carbon emissions of these assets while minimizing lifecycle costs and CO₂ emissions. The proposed EDMOA algorithm optimizes storage configurations across multiple operational climatic regimes. Benchmark analysis demonstrates superior economic–environmental synergy, achieving a 23.90% cost reduction (USD 923,152 annual savings) and 24.02% lower emissions (693,452.5 kg CO₂ reduction) versus conventional systems. These results validate the synergistic integration of hybrid power systems with the carbon–green certificate market mechanism as a quantifiable pathway towards decarbonization in rail infrastructure. Full article

Achieving carbon emission reductions in the residential building sector while maintaining economic growth represents a global challenge, particularly in rapidly developing regions with internal disparities. This study examines Jiangsu Province in eastern China—a economic hub with north-south development gradients—to develop an integrated framework for differentiated carbon reduction pathways. The methodology combines spatial autocorrelation analysis, logarithmic mean Divisia index (LMDI) decomposition, system dynamics modeling, and Tapio decoupling analysis to examine urban residential building emissions across three regions from 2016–2022. Results reveal significant spatial clustering of emissions (Moran’s I peaking at 0.735), with energy consumption per unit area as the dominant driver across all regions (contributing 147.61%, 131.82%, and 147.57% respectively). Scenario analysis demonstrates that energy efficiency policies can reduce emissions by 10.1% while maintaining 99.2% of economic performance, enabling carbon peak achievement by 2030. However, less developed northern regions emerge as binding constraints, requiring technology investments. Decoupling analysis identifies region-specific optimal pathways: conventional development for advanced regions, balanced approaches for transitional areas, and subsidies for lagging regions. These findings challenge assumptions about environment-economy trade-offs and provide a replicable framework for designing differentiated climate policies in heterogeneous territories, offering insights for similar regions worldwide navigating the transition to sustainable development. Full article

This study utilises the Open Source Energy Modelling System (OSeMOSYS) in conjunction with the Climate, Land, Energy, and Water systems (CLEWs) framework to investigate Thailand’s energy transition, which is designed to achieve carbon neutrality by 2050. Two scenarios have been devised to evaluate the long-term trade-offs among energy, water, and land systems. Data were sourced from esteemed international organisations (e.g., the IEA, FAO, and OECD) and national agencies and organised into a tailored OSeMOSYS Starter Data Kit for Thailand, comprising a baseline and a carbon neutral trajectory. The baseline scenario, primarily reliant on fossil fuels, is projected to generate annual CO₂ emissions exceeding 400 million tons and water consumption surpassing 85 billion cubic meters by 2025. By the mid-century, the carbon neutral scenario will have approximately 40% lower water use and a 90% reduction in power sector emissions. Under the carbon neutral path, renewable energy takes the front stage; the share of renewable electricity goes from under 20% in the baseline scenario to almost 80% by 2050. This transition and large reforestation initiatives call for consistent investment in solar energy (solar energy expenditures exceeding 20 billion USD annually by 2025). Still, it provides notable co-benefits, including greater resource sustainability and better alignment with international climate targets. The results provide strategic insights aligned with Thailand’s National Energy Plan (NEP) and offer modelling evidence toward achieving international climate goals under COP29. Full article