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Keywords = tiered carbon trading mechanism

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29 pages, 21087 KiB  
Article
Multi-Scale Ecosystem Service Supply–Demand Dynamics and Driving Mechanisms in Mainland China During the Last Two Decades: Implications for Sustainable Development
by Menghao Qi, Mingcan Sun, Qinping Liu, Hongzhen Tian, Yanchao Sun, Mengmeng Yang and Hui Zhang
Sustainability 2025, 17(15), 6782; https://doi.org/10.3390/su17156782 - 25 Jul 2025
Viewed by 291
Abstract
The growing mismatch between ecosystem service (ES) supply and demand underscores the importance of thoroughly understanding their spatiotemporal patterns and key drivers to promote ecological civilization and sustainable development at the regional level in China. This study investigates six key ES indicators across [...] Read more.
The growing mismatch between ecosystem service (ES) supply and demand underscores the importance of thoroughly understanding their spatiotemporal patterns and key drivers to promote ecological civilization and sustainable development at the regional level in China. This study investigates six key ES indicators across mainland China—habitat quality (HQ), carbon sequestration (CS), water yield (WY), sediment delivery ratio (SDR), food production (FP), and nutrient delivery ratio (NDR)—by integrating a suite of analytical approaches. These include a spatiotemporal analysis of trade-offs and synergies in supply, demand, and their ratios; self-organizing maps (SOM) for bundle identification; and interpretable machine learning models. While prior research studies have typically examined ES at a single spatial scale, focusing on supply-side bundles or associated drivers, they have often overlooked demand dynamics and cross-scale interactions. In contrast, this study integrates SOM and SHAP-based machine learning into a dual-scale framework (grid and city levels), enabling more precise identification of scale-dependent drivers and a deeper understanding of the complex interrelationships between ES supply, demand, and their spatial mismatches. The results reveal pronounced spatiotemporal heterogeneity in ES supply and demand at both grid and city scales. Overall, the supply services display a spatial pattern of higher values in the east and south, and lower values in the west and north. High-value areas for multiple demand services are concentrated in the densely populated eastern regions. The grid scale better captures spatial clustering, enhancing the detection of trade-offs and synergies. For instance, the correlation between HQ and NDR supply increased from 0.62 (grid scale) to 0.92 (city scale), while the correlation between HQ and SDR demand decreased from −0.03 to −0.58, indicating that upscaling may highlight broader synergistic or conflicting trends missed at finer resolutions. In the spatiotemporal interaction network of supply–demand ratios, CS, WY, FP, and NDR persistently show low values (below −0.5) in western and northern regions, indicating ongoing mismatches and uneven development. Driver analysis demonstrates scale-dependent effects: at the grid scale, HQ and FP are predominantly influenced by socioeconomic factors, SDR and WY by ecological variables, and CS and NDR by climatic conditions. At the city level, socioeconomic drivers dominate most services. Based on these findings, nine distinct supply–demand bundles were identified at both scales. The largest bundle at the grid scale (B3) occupies 29.1% of the study area, while the largest city-scale bundle (B8) covers 26.5%. This study deepens the understanding of trade-offs, synergies, and driving mechanisms of ecosystem services across multiple spatial scales; reveals scale-sensitive patterns of spatial mismatch; and provides scientific support for tiered ecological compensation, integrated regional planning, and sustainable development strategies. Full article
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20 pages, 392 KiB  
Article
Digital Economy and Chinese-Style Modernization: Unveiling Nonlinear Threshold Effects and Inclusive Policy Frameworks for Global Sustainable Development
by Tao Qi, Wenhui Liu and Xiao Chang
Economies 2025, 13(8), 215; https://doi.org/10.3390/economies13080215 - 25 Jul 2025
Viewed by 351
Abstract
This study focuses on the impact of China’s digital economy on sustainable modernization from 2011 to 2021, using provincial panel data for empirical analysis. By applying threshold and mediation models, we find that the digital economy promotes modernization through industrial upgrading (with a [...] Read more.
This study focuses on the impact of China’s digital economy on sustainable modernization from 2011 to 2021, using provincial panel data for empirical analysis. By applying threshold and mediation models, we find that the digital economy promotes modernization through industrial upgrading (with a mediating effect of 38%) and trade openness (coefficient = 0.234). The research reveals “U-shaped” nonlinear threshold effects at specific levels of digital development (2.218), market efficiency (9.212), and technological progress (12.224). Eastern provinces benefit significantly (coefficient ranging from 0.12 to 0.15 ***), while western regions initially experience some inhibition (coefficient = −0.08 *). Industrial digitalization (coefficient = 0.13 ***) and innovation ecosystems (coefficient = 0.09 ***) play crucial roles in driving eco-efficiency and equity, in line with Sustainable Development Goals 9 and 13. Meanwhile, the impacts of infrastructure (coefficient = 0.07) and industrialization (coefficient = 0.085) are delayed. Economic modernization improves (coefficient = 0.37 ***), yet social modernization declines (coefficient = −0.12 *). This study not only enriches economic theory but also extends the environmental Kuznets curve to the digital economy domain. We propose tiered policy recommendations, including the construction of green digital infrastructure, carbon pricing, and rural digital transformation, which are applicable to China and offer valuable references for emerging economies aiming to achieve inclusive low-carbon growth in the digital era. Future research could further explore the differentiated mechanisms of various digital technologies in the modernization process across different regions and how to optimize policy combinations to better balance digital innovation with sustainable development goals. Full article
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22 pages, 1415 KiB  
Article
GCT–CET Integrated Flexible Load Control Method for IES
by Yaoxian Liu, Yuanyuan Wang, Yiqi Yang, Kaixin Zhang, Yue Sun, Cong Hou, Zhonghao Dongye and Jingwen Chen
Energies 2025, 18(14), 3667; https://doi.org/10.3390/en18143667 - 11 Jul 2025
Viewed by 344
Abstract
Under the “dual carbon” goals, the low-carbon economic dispatch of integrated energy systems (IES) faces multiple challenges, including suboptimal economic efficiency, excessive carbon emissions, and limited renewable energy integration. While traditional green certificate trading (GCT) enhances renewable energy adoption, its emission reduction effect [...] Read more.
Under the “dual carbon” goals, the low-carbon economic dispatch of integrated energy systems (IES) faces multiple challenges, including suboptimal economic efficiency, excessive carbon emissions, and limited renewable energy integration. While traditional green certificate trading (GCT) enhances renewable energy adoption, its emission reduction effect remains inadequate. Conversely, standalone carbon emission trading (CET) effectively curbs emissions but often at the expense of increased operational costs, making it difficult to achieve both economic and environmental objectives simultaneously. To address these limitations, this study proposes an innovative green certificate trading–tiered carbon emission trading (GCT–CET) synergistic mechanism integrated with demand-side flexible load optimization, developing a low-carbon dispatch model designed to minimize total system costs. Simulation experiments conducted with the CPLEX solver demonstrate that, compared to individual GCT or CET implementations, the proposed coordinated mechanism effectively combines renewable energy incentives (through GCT) with stringent emission control (via stepped CET), resulting in a 47.8% reduction in carbon emissions and a 5.4% decrease in total costs. Furthermore, the participation of flexible loads enhances supply–demand balancing, presenting a transformative solution for achieving high-efficiency and low-carbon operation in IES. Full article
(This article belongs to the Special Issue Low-Carbon Energy System Management in Sustainable Cities)
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19 pages, 1905 KiB  
Article
Comprehensive Assessment and Trading Mechanism of Carbon Sink in China’s Marine Aquaculture
by Xuan Yu, Haonan Guo and Qi Chen
Biology 2025, 14(6), 648; https://doi.org/10.3390/biology14060648 - 3 Jun 2025
Viewed by 546
Abstract
This study develops species-specific assessment models for carbon sink in marine aquaculture (CSMA) using provincial data from China’s coastal regions (2004–2023). Key findings are as follows: (1) Cumulative CSMA reached 46.3618 million tonnes, exhibiting three growth phases—initial fluctuations (2004–2008), rapid growth (2008–2015), and [...] Read more.
This study develops species-specific assessment models for carbon sink in marine aquaculture (CSMA) using provincial data from China’s coastal regions (2004–2023). Key findings are as follows: (1) Cumulative CSMA reached 46.3618 million tonnes, exhibiting three growth phases—initial fluctuations (2004–2008), rapid growth (2008–2015), and optimization and maturation (2015–2023). (2) Species contributions were heterogeneous: shellfish dominated at 45%, followed by shrimp (24%), fish (15%), crab (11%), and algae (5%). (3) Spatially, Guangdong, Fujian, and Shandong consistently lead in CSMA; Guangxi, Liaoning, and Zhejiang form a second tier, whereas Hebei, Hainan, and Jiangsu remain at the lower end. (4) Province-specific dominance patterns were observed: shellfish-dominant pattern in Shandong, Fujian, and Liaoning; shrimp-dominant pattern in Hebei and Hainan; shellfish-and-shrimp dual-cores in Guangdong and Guangxi; and a multifaceted profile in Jiangsu and Zhejiang. To facilitate the realization of CSMA’s value, we propose a dedicated trading mechanism. Based on the derivations from the effect analysis model and the illustrative case studies, we explore the potential economic and ecological benefits of CSMA trading. Full article
(This article belongs to the Section Marine Biology)
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22 pages, 3706 KiB  
Article
Two-Level Optimal Scheduling of Electric–Aluminum–Carbon Energy System Considering Operational Safety of Electrolytic Aluminum Plants
by Yulong Yang, Songyuan Li, Nan Zhang, Zhongwen Yan, Weiyang Liu and Songnan Wang
Energies 2025, 18(7), 1645; https://doi.org/10.3390/en18071645 - 25 Mar 2025
Viewed by 412
Abstract
In recent years, the mounting pressure on the integration of renewable power has emerged as a crucial concern within renewable power systems. This situation urgently necessitates an enhancement in the operational flexibility of the demand side. As an energy-intensive load, electrolytic aluminum plants [...] Read more.
In recent years, the mounting pressure on the integration of renewable power has emerged as a crucial concern within renewable power systems. This situation urgently necessitates an enhancement in the operational flexibility of the demand side. As an energy-intensive load, electrolytic aluminum plants have great potential to participate in the demand response. However, existing models for electrolytic aluminum load regulation lack verification of operational safety, and there is a lack of consideration of carbon trading mechanisms. To this end, this paper proposes a two-level optimization framework for electric–aluminum–carbon energy systems. More specifically, this work presents a safety-constrained electrolytic aluminum plant model, which considers operational states swinging with key parameters and limitations verified by the thermal dynamic simulations of electrolytic aluminum electrolyzers. In addition, green certificate and tiered carbon trading mechanisms are both introduced to the electric–aluminum–carbon energy. Case studies show that the proposed framework can significantly reduce the system emission by 21.9%, improve the overall economic efficiency by 16.5%, and increase the renewable integration rate by 4.5%, with an additional 8.6% of carbon reduction that can be achieved by adopting EU carbon price policies. Full article
(This article belongs to the Section A: Sustainable Energy)
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15 pages, 8370 KiB  
Article
Optimization Scheduling of Hydrogen-Integrated Energy Systems Considering Multi-Timescale Carbon Trading Mechanisms
by Jingjing Zhao, Yangyang Song and Haocheng Fan
Energies 2025, 18(7), 1612; https://doi.org/10.3390/en18071612 - 24 Mar 2025
Cited by 1 | Viewed by 426
Abstract
Amidst the escalating global challenges presented by climate change, carbon trading mechanisms have become critical tools for driving reductions in carbon emissions and optimizing energy systems. However, existing carbon trading models, constrained by fixed settlement cycles, face difficulties in addressing the scheduling needs [...] Read more.
Amidst the escalating global challenges presented by climate change, carbon trading mechanisms have become critical tools for driving reductions in carbon emissions and optimizing energy systems. However, existing carbon trading models, constrained by fixed settlement cycles, face difficulties in addressing the scheduling needs of energy systems that operate across multiple time scales. To address this challenge, this paper proposes an optimal scheduling methodology for hydrogen-encompassing integrated energy systems that incorporates a multi-time-scale carbon trading mechanism. The proposed approach dynamically optimizes the scheduling and conversion of hydrogen energy, electricity, thermal energy, and other energy forms by flexibly adjusting the carbon trading cycle. It accounts for fluctuations in energy demand and carbon emissions occurring both before and during the operational day. In the day-ahead scheduling phase, a tiered carbon transaction cost model is employed to optimize the initial scheduling framework. During the day scheduling phase, real-time data are utilized to dynamically adjust carbon quotas and emission ranges, further refining the system’s operational strategy. Through the analysis of typical case studies, this method demonstrates significant benefits in reducing carbon emission costs, enhancing energy efficiency, and improving system flexibility. Full article
(This article belongs to the Section C: Energy Economics and Policy)
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19 pages, 1568 KiB  
Article
Coordinated Control Strategies for Polymorphic Energy in Hydrogen-Integrated Virtual Power Plants Under the Goal of a Low-Carbon Economy
by Siwei Zheng, Guoping Huang and Zhaoxu Luo
Energies 2025, 18(6), 1351; https://doi.org/10.3390/en18061351 - 10 Mar 2025
Cited by 1 | Viewed by 657
Abstract
This study develops a polymorphic energy coordination strategy for virtual power plants (VPPs) to enhance energy efficiency, operational flexibility, and carbon emission reduction. The proposed framework integrates three core components: (1) a tiered carbon trading mechanism enabling precise emission management through dynamic cost [...] Read more.
This study develops a polymorphic energy coordination strategy for virtual power plants (VPPs) to enhance energy efficiency, operational flexibility, and carbon emission reduction. The proposed framework integrates three core components: (1) a tiered carbon trading mechanism enabling precise emission management through dynamic cost optimization; (2) an advanced two-stage power-to-gas (P2G) system combining electrolysis, methanation, and hydrogen fuel cell operations; (3) a mixed-integer linear programming (MILP) model optimized via CPLEX solver for cost-effective decision-making. Case studies demonstrate the strategy’s effectiveness in balancing economic and environmental objectives across multiple operational scenarios, with experimental validation confirming its practical advantages over conventional approaches. The findings offer critical insights for policymakers and energy enterprises pursuing low-carbon transitions. Full article
(This article belongs to the Special Issue Measurement Systems for Electric Machines and Motor Drives)
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26 pages, 2506 KiB  
Article
Optimal Economic Dispatch of Hydrogen Storage-Based Integrated Energy System with Electricity and Heat
by Yu Zhu, Siyu Niu, Guang Dai, Yifan Li, Linnan Wang and Rong Jia
Sustainability 2025, 17(5), 1974; https://doi.org/10.3390/su17051974 - 25 Feb 2025
Cited by 1 | Viewed by 652
Abstract
To enhance the accommodation capacity of renewable energy and promote the coordinated development of multiple energy, this paper proposes a novel economic dispatch method for an integrated electricity–heat–hydrogen energy system on the basis of coupling three energy flows. Firstly, we develop a mathematical [...] Read more.
To enhance the accommodation capacity of renewable energy and promote the coordinated development of multiple energy, this paper proposes a novel economic dispatch method for an integrated electricity–heat–hydrogen energy system on the basis of coupling three energy flows. Firstly, we develop a mathematical model for the hydrogen energy system, including hydrogen production, storage, and hydrogen fuel cells. Additionally, a multi-device combined heat and power system is constructed, incorporating gas boilers, waste heat boilers, gas turbines, methanation reactors, thermal storage tanks, batteries, and gas storage tanks. Secondly, to further strengthen the carbon reduction advantages, the economic dispatch model incorporates the power-to-gas process and carbon trading mechanisms, giving rise to minimizing energy purchase costs, energy curtailment penalties, carbon trading costs, equipment operation, and maintenance costs. The model is linearized to ensure a global optimal solution. Finally, the experimental results validate the effectiveness and superiority of the proposed model. The integration of electricity–hydrogen coupling devices improves the utilization rate of renewable energy generation and reduces the total system operating costs and carbon trading costs. The use of a tiered carbon trading mechanism decreases natural gas consumption and carbon emissions, contributing to energy conservation and emission reduction. Full article
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19 pages, 7479 KiB  
Article
Optimal Scheduling of Virtual Power Plants Under a Multiple Energy Sharing Framework Considering Joint Electricity and Carbon Trading
by Xue Li, Xuan Zhang, Jiannan Zhang, Wenlu Ji, Lifeng Wang, Xiaomin Lu and Jingchen Zhang
Inventions 2024, 9(6), 119; https://doi.org/10.3390/inventions9060119 - 2 Dec 2024
Cited by 2 | Viewed by 1489
Abstract
The virtual power plant (VPP) is an excellent approach for mitigating the intermittency and fluctuation of renewable energy sources. The present work proposes an optimal scheduling model for VPPs to leverage the benefits of joint electricity and carbon trading from the perspective of [...] Read more.
The virtual power plant (VPP) is an excellent approach for mitigating the intermittency and fluctuation of renewable energy sources. The present work proposes an optimal scheduling model for VPPs to leverage the benefits of joint electricity and carbon trading from the perspective of multiple energy-sharing mechanisms. First, the optimal sharing scheduling model of the electric, thermal, and hydrogen energy was established. The model integrates various components, including wind turbines, photovoltaic units, electrolytic cells, combined heat and power units, hydrogen-doped gas boilers, electric energy storage, thermal storage tanks, and hydrogen storage tanks. Then, the model incorporates a tiered carbon trading mechanism to minimize operating and trading costs. Finally, numerical results indicate that, compared with the independent operation of virtual power plants and the lack of joint electricity and carbon trading, the optimal scheduling scheme proposed in this paper reduces the total cost and carbon emissions of the three VPPs by 3.3% and 49.7%, respectively. This demonstrates that the proposed model can effectively reduce the total operating expenses of VPPs by facilitating the allocation of electric, thermal, and hydrogen energy and achieving low-carbon emission operations. Full article
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26 pages, 9914 KiB  
Article
Collaborative Optimization Scheduling of Source-Network-Load-Storage System Based on Ladder-Type Green Certificate–Carbon Joint Trading Mechanism and Integrated Demand Response
by Zhenglong Wang, Jiahui Wu, Yang Kou, Menglin Zhang and Huan Jiang
Sustainability 2024, 16(22), 10104; https://doi.org/10.3390/su162210104 - 19 Nov 2024
Cited by 1 | Viewed by 1074
Abstract
To fully leverage the potential flexibility resources of a source-network-load-storage (SNLS) system and achieve the green transformation of multi-source systems, this paper proposes an economic and low-carbon operation strategy for an SNLS system, considering the joint operation of ladder-type green certificate trading (GCT)–carbon [...] Read more.
To fully leverage the potential flexibility resources of a source-network-load-storage (SNLS) system and achieve the green transformation of multi-source systems, this paper proposes an economic and low-carbon operation strategy for an SNLS system, considering the joint operation of ladder-type green certificate trading (GCT)–carbon emission trading (CET), and integrated demand response (IDR). Firstly, focusing on the load side of electricity–heat–cooling–gas multi-source coupling, this paper comprehensively considers three types of flexible loads: transferable, replaceable, and reducible. An IDR model is established to tap into the load-side scheduling potential. Secondly, improvements are made to the market mechanisms: as a result of the division into tiered intervals and introduction of reward–penalty coefficients, the traditional GCT mechanism was improved to a more constraining and flexible ladder-type GCT mechanism. Moreover, the carbon offset mechanism behind green certificates serves as a bridge, leading to a GCT-CET joint operation mechanism. Finally, an economic low-carbon operation model is formulated with the objective of minimizing the comprehensive cost consisting of GCT cost, CET cost, energy procurement cost, IDR cost, and system operation cost. Simulation results indicate that by effectively integrating market mechanisms and IDR, the system can enhance its capacity for renewable energy penetration, reduce carbon emissions, and achieve green and sustainable development. Full article
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20 pages, 1970 KiB  
Article
Integrated Energy System Dispatch Considering Carbon Trading Mechanisms and Refined Demand Response for Electricity, Heat, and Gas
by Lihui Gao, Shuanghao Yang, Nan Chen and Junheng Gao
Energies 2024, 17(18), 4705; https://doi.org/10.3390/en17184705 - 21 Sep 2024
Cited by 3 | Viewed by 1358
Abstract
To realize a carbon-efficient and economically optimized dispatch of the integrated energy system (IES), this paper introduces a highly efficient dispatch strategy that integrates demand response within a tiered carbon trading mechanism. Firstly, an efficient dispatch model making use of CHP and P2G [...] Read more.
To realize a carbon-efficient and economically optimized dispatch of the integrated energy system (IES), this paper introduces a highly efficient dispatch strategy that integrates demand response within a tiered carbon trading mechanism. Firstly, an efficient dispatch model making use of CHP and P2G technologies is developed to strengthen the flexibility of the IES. Secondly, an improved demand response model based on the price elasticity matrix and the capacity for the substitution of energy supply modes is constructed, taking into account three different kinds of loads: heat, gas, and electricity. Subsequently, the implementation of a reward and penalty-based tiered carbon trading mechanism regulates the system’s carbon trading costs and emissions. Ultimately, the goal of the objective function is to minimize the overall costs, encompassing energy purchase, operation and maintenance, carbon trading, and compensation. The original problem is reformulated into a mixed-integer linear programming problem, which is solved using CPLEX. The simulation results from four example scenarios demonstrate that, compared with the conventional carbon trading approach, the aggregate system costs are reduced by 2.44% and carbon emissions are reduced by 3.93% when incorporating the tiered carbon trading mechanism. Subsequent to the adoption of demand response, there is a 2.47% decrease in the total system cost. The proposed scheduling strategy is validated as valuable to ensure the low-carbon and economically efficient functioning of the integrated energy system. Full article
(This article belongs to the Section C: Energy Economics and Policy)
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18 pages, 4224 KiB  
Article
Considering the Tiered Low-Carbon Optimal Dispatching of Multi-Integrated Energy Microgrid with P2G-CCS
by Zixuan Liu, Yao Gao, Tingyu Li, Ruijin Zhu, Dewen Kong and Hao Guo
Energies 2024, 17(14), 3414; https://doi.org/10.3390/en17143414 - 11 Jul 2024
Cited by 5 | Viewed by 1063
Abstract
The paper addresses the overlooked interaction between power-to-gas (P2G) devices and carbon capture and storage (CCS) equipment, along with the stepwise carbon trading mechanism in the context of current multi-park integrated energy microgrids (IEMGs). Additionally, it covers the economic and coordinated low-carbon operation [...] Read more.
The paper addresses the overlooked interaction between power-to-gas (P2G) devices and carbon capture and storage (CCS) equipment, along with the stepwise carbon trading mechanism in the context of current multi-park integrated energy microgrids (IEMGs). Additionally, it covers the economic and coordinated low-carbon operation issues in multi-park IEMGs under the carbon trading system. It proposes a multi-park IEMG low-carbon operation strategy based on the synchronous Alternating Direction Method of Multipliers (ADMM) algorithm. The algorithm first enables the distribution of cost relationships among multi-park IEMGs. Then, using a method that combines a CCS device with a P2G unit in line with the tiered carbon trading scheme, it expands on the model of single IEMGs managing thermal, electrical, and refrigeration energy. Finally, the comparison of simulation cases proves that the proposed strategy significantly reduces the external energy dependence while keeping the total cost of the users unchanged, and the cost of interaction with the external grid is reduced by 56.64%, the gas cost is reduced by 27.78%, and the carbon emission cost is reduced by 29.54% by joining the stepped carbon trading mechanism. Full article
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24 pages, 4884 KiB  
Article
Enhanced Management of Unified Energy Systems Using Hydrogen Fuel Cell Combined Heat and Power with a Carbon Trading Scheme Incentivizing Emissions Reduction
by Yuelong Wang, Weiqing Wang, Xiaozhu Li and Weiwei Yu
Processes 2024, 12(7), 1358; https://doi.org/10.3390/pr12071358 - 29 Jun 2024
Cited by 2 | Viewed by 1310
Abstract
In the quest to achieve “double carbon” goals, the urgency to develop an efficient Integrated Energy System (IES) is paramount. This study introduces a novel approach to IES by refining the conventional Power-to-Gas (P2G) system. The inability of current P2G systems to operate [...] Read more.
In the quest to achieve “double carbon” goals, the urgency to develop an efficient Integrated Energy System (IES) is paramount. This study introduces a novel approach to IES by refining the conventional Power-to-Gas (P2G) system. The inability of current P2G systems to operate independently has led to the incorporation of hydrogen fuel cells and the detailed investigation of P2G’s dual-phase operation, enhancing the integration of renewable energy sources. Additionally, this paper introduces a carbon trading mechanism with a refined penalty–reward scale and a detailed pricing tier for carbon emissions, compelling energy suppliers to reduce their carbon footprint, thereby accelerating the reduction in system-wide emissions. Furthermore, this research proposes a flexible adjustment mechanism for the heat-to-power ratio in cogeneration, significantly enhancing energy utilization efficiency and further promoting conservation and emission reductions. The proposed optimization model in this study focuses on minimizing the total costs, including those associated with carbon trading and renewable energy integration, within the combined P2G-Hydrogen Fuel Cell (HFC) cogeneration system. Employing a bacterial foraging optimization algorithm tailored to this model’s characteristics, the study establishes six operational modes for comparative analysis and validation. The results demonstrate a 19.1% reduction in total operating costs and a 22.2% decrease in carbon emissions, confirming the system’s efficacy, low carbon footprint, and economic viability. Full article
(This article belongs to the Special Issue Modeling, Design and Engineering Optimization of Energy Systems)
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19 pages, 1829 KiB  
Article
Bidding Strategy for Wind and Thermal Power Joint Participation in the Electricity Spot Market Considering Uncertainty
by Zhiwei Liao, Wenjuan Tao, Bowen Wang and Ye Liu
Energies 2024, 17(7), 1714; https://doi.org/10.3390/en17071714 - 3 Apr 2024
Cited by 1 | Viewed by 1492
Abstract
As the proportion of new energy sources, such as wind power, in the electricity system rapidly increases, their participation in spot market competition has become an inevitable trend. However, the uncertainty of clearing price and wind power output will lead to bidding deviation [...] Read more.
As the proportion of new energy sources, such as wind power, in the electricity system rapidly increases, their participation in spot market competition has become an inevitable trend. However, the uncertainty of clearing price and wind power output will lead to bidding deviation and bring revenue risks. In response to this, a bidding strategy is proposed for wind farms to participate in the spot market jointly with carbon capture power plants (CCPP) that have flexible regulation capabilities. First, a two-stage decision model is constructed in the day-ahead market and real-time balancing market. Under the joint bidding mode, CCPP can help alleviate wind power output deviations, thereby reducing real-time imbalanced power settlement. On this basis, a tiered carbon trading mechanism is introduced to optimize day-ahead bidding, aiming at maximizing revenue in both the electricity spot market and carbon trading market. Secondly, conditional value at risk (CVaR) is introduced to quantitatively assess the risks posed by uncertainties in the two-stage decision model, and the risk aversion coefficient is used to represent the decision-maker’s risk preference, providing corresponding strategies. The model is transformed into a mixed-integer linear programming model using piecewise linearization and McCormick enveloping. Finally, the effectiveness of the proposed model and methods is verified through numerical examples. Full article
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27 pages, 10687 KiB  
Article
Low-Carbon Economic Dispatch of Virtual Power Plant Considering Hydrogen Energy Storage and Tiered Carbon Trading in Multiple Scenarios
by Tuo Xie, Qi Wang, Gang Zhang, Kaoshe Zhang and Hua Li
Processes 2024, 12(1), 90; https://doi.org/10.3390/pr12010090 - 30 Dec 2023
Cited by 8 | Viewed by 2070
Abstract
Reducing carbon emissions and increasing the integration of new energy sources are key steps towards achieving sustainable development. Virtual power plants (VPPs) play a significant role in enhancing grid security and promoting the transition to clean, low-carbon energy. The core equipment of the [...] Read more.
Reducing carbon emissions and increasing the integration of new energy sources are key steps towards achieving sustainable development. Virtual power plants (VPPs) play a significant role in enhancing grid security and promoting the transition to clean, low-carbon energy. The core equipment of the VPP, the CHP unit, utilizes a thermal engine or power station to generate electricity and useful heat simultaneously. However, the intermittent and volatile nature of renewable energy sources, as well as the “heat-driven power generation” mode of combined heat and power (CHP) units, presents contradictions that severely affect their peak-shifting capability and lead to high carbon emissions. To address these issues, a novel VPP is established by integrating traditional power plants with carbon capture and hydrogen energy storage. This approach utilizes a “hydrogen energy storage–electric boiler” decoupling method to address the operational mode of CHP, strengthens the coupling relationship between electric and thermal hydrogen loads, and considers a tiered carbon-trading mechanism. With the net profit of the VPP as the optimization objective, the model balances economic and environmental considerations and establishes a low-carbon economic dispatch model for the VPP. A genetic algorithm is employed for solving, and three different dispatch strategies are set for simulation in three distinct seasonal scenarios. The comprehensive comparative analysis of the dispatch results reveals a reduction in carbon emissions and an increase in net profit to varying degrees across all three seasons. Overall, the proposed dispatch strategy demonstrates the ability to enhance the new energy-integration capacity and total revenue of a VPP while simultaneously achieving the goal of reducing carbon emissions. Full article
(This article belongs to the Section Energy Systems)
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