An inter-provincial cooperation model under Renewable Portfolio Standard policy

Zeng, LiYuan; Du, Wenjing; Zhang, Wencheng; Zhao, Laijun; Wang, Zhaohua

doi:10.1016/j.energy.2023.126771

Cited by 11 publications

(1 citation statement)

References 24 publications

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“…Zhu et al ( 2022 ) examined the effects of single and dual policy interventions on participants’ behavioral strategies under three quota goals. Zeng et al ( 2023 ) proposed a model of interprovincial cooperation under RPS in China and explored the effects of different parameter values on the results of the interprovincial cooperation model. Others consider the impact of economic development (Eren et al 2019 ), investment levels (Özgül et al 2020 ), new energy technologies (Castrejon-Campos 2022 ), and carbon neutrality targets (Dong et al 2021 ) on the new energy development.…”

Section: Introductionmentioning

confidence: 99%

Simulation study on the development decision of new energy manufacturers under the weight of consumption responsibility

Dong

2023

Environ Sci Pollut Res

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In 2019, China proposed the weight of consumption responsibility (WCR) policy for renewable energy. This study first analyzes the interaction between the electricity market and the green certificate market and establishes a two-market equilibrium model with multiple subjects. Secondly, a system dynamics model of the development decision of the new energy manufacturers (NEMs) under the interaction of the two markets is established. Finally, taking Henan province as an example, the development trend of NEMs is simulated, and sensitivity analysis is conducted to explore the key influencing factors for the development of NEMs. The results show that the electricity market and the green certificate market interact with each other mainly through the price of electricity and the price of green certificates, thus evolving the trading behavior of trading subjects. By 2035, for every 0.25% increase in non-hydropower WCR in Henan province, the annual added new energy installation will be around 1200 MW. In the current scenario, the policy of certificate multiplier will be detrimental to the overall development of NEMs, and a conservative investment strategy and accelerated technology improvements are more beneficial to NEMs. Carbon emission peaking and carbon neutrality policies can also accelerate the growth of new energy installations.

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