The worsening climate crisis has increased the urgency of transitioning energy systems from fossil fuels to renewable sources. However, many industrialized countries are struggling to meet their growing demand for renewable energy (RE) through domest...
Although rooftop PV panels and battery energy storage systems have been well established for detached residential buildings, there is still a lack of access to the advantages of onsite renewable energy generation and consumption for residents of mult...
This study examines the effects of carbon emission trading on renewable energy consumption in China. The research applies the CEEEA2.0 model to simulate the economic, energy, and environmental impacts of carbon trading from 2018 to 2030. The CEEEA2.0...
In this paper, a peer-to-peer (P2P) renewable energy trading mechanism for microgrids when energy suppliers are equipped with storage devices is studied. A dynamic energy storage management strategy based on the local trading price is proposed and ea...
Renewable energy resources, especially rooftop solar PV, have gained momentum during the past few years. However, the local consumption of PV power is limited due to the negative correlation between peak PV power and residential loads. Therefore, thi...
Connecting microgrids can promote the sharing of multi-energy sources, reduce carbon emissions, and enhance the consumption of renewable energy. However, the uncertainty of renewable energy and the coupling of multiple energy sources makes energy man...
To “bring carbon emissions to a peak by 2030 and to be carbon-neutral by 2060”, the role of renewable energy consumption and carbon emission trading are promoted. As an important energy consumer of regional energy system, it is necessary for integrat...
We present a prototype of a decentralized power trading system based on the use of distributed ledger technology. This sort of efficient, decentralized marketplace is needed to empower prosumers and make them first-class members of a smart, decentral...
Demand for power sources is gradually shifting from ozone-depleting-substances towards renewable and sustainable energy resources. The growth prospects of the renewable energy industry coupled with improved cost efficiency means that renewable energy...
The Carbon Emissions Trading System (ETS) serves as a market-based mechanism to drive renewable energy (RE) investments, yet its heterogeneous impacts on different stakeholders remain underexplored. This paper treats the carbon market as an exogenous...
The adoption of emissions trading scheme (ETS) and renewable energy sources (RES) policies have been essential to achieving China’s national targets for reducing CO2 emissions and developing non-fossil energy sources. The combination of ETS and RES p...
Against the backdrop of the full market integration of renewable energy, determining a reasonable proportion between medium- and long-term (MLT) contracts and spot trading has become a core issue in power market reform. Current Chinese policy require...
A major aim of the international community is to decarbonize the economy. With renewables, international trade in energy is likely to increase. In turn, the international trading system can be a major vehicle towards moving away from fossil fuels to...
In the extant literature, there are numerous discussions on China’s environmental sustainability. However, few scholars have considered renewable energy consumption and trade policy simultaneously to debate environmental sustainability. Therefo...
The future distribution grid is a peer-to-peer (P2P) community formed by a large number of active energy agents (AEAs), and renewable energy certificate (REC) trading is an efficient way to realize a low-carbon AEA community. AEAs can trade not only...
Improving total factor renewable energy efficiency (TFREE) is crucial for developed countries to achieve a sustainable energy transformation. International trade is an important source of technological progress and may significantly promote TFREE. Ho...
Policymakers are looking at renewable energy as a substitute for traditional fossil fuels due to the growing concern about climate change and sustainable development. However, in the case of Asian countries, nothing is known about how ICT trade and f...
This study investigates the environmental effects of agricultural trade, renewable energy use, and economic growth in a panel of 14 selected countries for the period 2000–2021. Per capita CO2 emissions are modeled as the dependent variable usin...
Renewable energy sources are becoming increasingly popular due to their advantages over fossil fuels, their economic benefits, and growing environmental concerns. Researchers are particularly focused on understanding the factors that affect the effic...
The globalized world has experienced significant environmental degradation together with raising global production and population. In this context, the employment of renewable energy use has become crucial for a sustainable environment and developmen...
The present study explores the impact of renewable energy usage, economic progress, urbanization, and trade on carbon emissions in Bhutan. The stationarity among the variables was tested by employing the two unit root tests by taking the annual data...
The Belt and Road Initiative (BRI) has significantly transformed the traditional energy market and reshaped international cooperation and conflict dynamics through its expanding trade in renewable energy resources. This study focuses on examining the...
The future distribution network is a community involving numerous active energy agents (AEAs) and a local operator. Each AEA is obligated to meet the renewables portfolio standards (RPS) with enough green certificates (GCs), which can be obtained fro...
Global trade of renewable energy products has increased significantly in recent years. This paper constructs an analytical framework of a global trade network for renewable energy products based on bilateral trade data between 2009 and 2019. It analy...
With the load center’s continuous expansion and development of the AC power grid’s scale and construction, the recipient grid under the multi-feed DC environment is facing severe challenges of DC commutation failure and bipolar blocking d...
24 May 2022
China’s government has enforced a series of renewable energy policies to promote renewable energy development and achieve the dual decarbonization goals. However, there exists great disparity in previous studies on the effectiveness and suitabi...
With the integration of large-scale renewable energy into the power grids, cross-regional power trade can play a major role in promoting renewable energy consumption, as it can effectively achieve the optimal allocation of interconnected power grid r...
This study examines the relationships between information and communication technology (ICT) usage and CO2 emissions considering economic growth, trade openness, and renewable electricity in the Organization for Economic Co-operation and Development...
This paper evaluates the link between economic growth, renewable energy, tourism arrivals, trade openness, and carbon dioxide emissions in the European Union (EU-28). As an econometric strategy, the research uses panel data. In the first step, we app...
The authors construct a tripartite evolutionary game model that considers renewable energy, traditional coal-fired power plants, and market users. We propose multiple income matrices under different strategies, conduct evolutionary stability analysis...
The rapid growth of information technology and industrial revolutions provoked digital transformation of all sectors, from the government to households. Moreover, digital transformations led to the development of cryptocurrency. However, crypto tradi...
Under the carbon trading mechanism, renewable energy projects can gain additional benefits through Chinese Certified Emission Reduction transactions. Due to the uncertainty of carbon trading system, carbon prices will fluctuate randomly, which will a...
The current paper evaluates the role of disintegrated trade, financial development, and renewable energy on consumption-based carbon emissions (CCO2) in MINT nations between 1990Q1 and 2019Q4. This paper utilizes the novel Bootstrap Fourier Granger c...
In the global trend towards decarbonization, peer-to-peer (P2P) energy trading is garnering increasing attention. Furthermore, energy management on the demand side plays a crucial role in decarbonization efforts. The authors have previously developed...
With the technical growth and the reduction of deployment cost for distributed energy resources (DERs), such as solar photovoltaic (PV), energy trading has been recently encouraged to energy consumers, which can sell energy from their own energy stor...
A carbon market was introduced for the first time in January 2005, when the EU assigned carbon emission allowances to approximately 15,000 enterprises in 25 countries and established a market for emissions trading. In Korea, the carbon emission tradi...
This is the first review study that focuses on the interplay between China’s regulated and voluntary carbon markets, the Emissions Trading System (ETS), the China Certified Emission Reduction (CCER) scheme, and their combined influence on the d...
This paper addresses the critical challenges of renewable energy integration and regional power balance in smart grids, which have become increasingly complex with the rapid growth of distributed energy resources. It proposes a novel three-layer sche...
The large-scale integration of renewable energy sources is crucial for reducing carbon emissions. Integrating carbon trading mechanisms into electricity markets can further maximize this potential. However, the inherent uncertainty in renewable power...
The Internet of Energy (IoE) is a topic that industry and academics find intriguing and promising, since it can aid in developing technology for smart cities. This study suggests an innovative energy system with peer-to-peer trading and more sophisti...
In the context of China’s electricity market reform, green certificate trading and carbon trading, as important policy tools to promote the development of renewable energy and energy conservation and emission reduction in the power industry, wi...
For several stakeholders, including market players, customers, grid operators, policy-makers, investors, and energy efficiency initiatives, having a precise estimate of power pricing is crucial. It is easier for traders to plan, purchase, and sell po...
This paper proposes a ladder carbon trading-based low-carbon economic dispatch model for integrated energy systems (IESs), incorporating flexible load optimization and hybrid energy storage systems consisting of battery and thermal energy storage. Fi...
Given the accelerating global movement towards decarbonization, the importance of promoting renewable energy (RE) adoption and ensuring efficient transactions in energy markets is increasing worldwide. However, renewable energy sources, including pho...
In line with the fourth industrial revolution, most countries have imposed a variety of regulations or policies for the goals of energy conservation, sustainable development, and industrial transition. Renewable energy production and its production p...
Peer-to-peer (P2P) energy trading is gaining attention as a technology to effectively handle already existing distributed energy resources (DER). In order to manage a large number of DER, it is necessary to increase the number of P2P energy trading p...
This study analyzes how the electricity demand and supply constitutions affect electricity independence and power trading within a community and between a community and a grid through simulation analysis. To that aim, we create a simulation model equ...
Our study addresses a critical gap in the trade–environment literature by introducing Green Trade Transition (GTT), defined as the share of green goods trade in total trade, and investigating its determinants across OECD countries between 2000...
Energy transformation and environmental quality are now fundamental components of China’s economic development plans, which are being reorganized to ensure the dependability of the energy supply and protect environmental quality. Nonetheless, t...
The carbon emissions of the power industry account for over 50% of China’s total carbon emissions, so achieving carbon peak and carbon neutrality in the power sector is crucial. This study aims to simulate the impacts of three energy policies&m...
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