Macroeconomic effect of energy transition to carbon neutrality: Evidence from China's coal capacity cut policy

Zhāng, Yànfāng; Shi, Xunpeng; Qian, Xiangyan; Chen, Sai; Nie, Rui

doi:10.1016/j.enpol.2021.112374

Cited by 55 publications

(16 citation statements)

References 52 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…According to the International Energy Agency (IEA), the CO 2 emissions from coal account for 44% and 79.5% of total emission, globally and in China, respectively. Some countries have been intended to phase down coal utilization as their concrete plans, as widely discussed in [ 15 – 19 ]; however, it is not a practically feasible option in China from near-term perspective: among the total coal consumption in China, nearly 51% of coal is used in coal-fired plants, generating over 70% of annual electricity, which is impossible to be suddenly substituted with the intermittent and random renewable power from energy security consideration [ 12 , 20 , 21 ]; the other 49% of coal is consumed mostly for heating or used as resources in industrial sectors, which could only be changed if there are economically feasible non-fossil substances that can be widely used as alternatives (but it seems impossible at present) [ 20 , 22 ]. Even that carbon capture and storage (CCS) techniques seem to be a promising way to remove those fossil carbon mitigation, they are seldom deployed in an expected scale due to the lower-than-desired efficiency [ 23 ], as well as causing obvious energy efficiency loss and extra expenses.…”

Section: Introductionmentioning

confidence: 99%

Technological innovations on direct carbon mitigation by ordered energy conversion and full resource utilization

Guo

Liu

et al. 2022

Carb Neutrality

View full text Add to dashboard Cite

Coal consumption leads to over 15 billion tons of global CO2 emissions annually, which will continue at a considerable intensity in the foreseeable future. To remove the huge amount of CO2, a practically feasible way of direct carbon mitigation, instead of capturing that from dilute tail gases, should be developed; as intended, we developed two innovative supporting technologies, of which the status, strengths, applications, and perspective are discussed in this paper. One is supercritical water gasification-based coal/biomass utilization technology, which orderly converts chemical energy of coal and low-grade heat into hydrogen energy, and can achieve poly-generation of steam, heat, hydrogen, power, pure CO2, and minerals. The other one is the renewables-powered CO2 reduction techniques, which uses CO2 as the resource for carbon-based fuel production. When combining the above two technical loops, one can achieve a full resource utilization and zero CO2 emission, making it a practically feasible way for China and global countries to achieve carbon neutrality while creating substantial domestic benefits of economic growth, competitiveness, well-beings, and new industries.

show abstract

Section: Introductionmentioning

confidence: 99%

Technological innovations on direct carbon mitigation by ordered energy conversion and full resource utilization

Guo

Liu

et al. 2022

Carb Neutrality

View full text Add to dashboard Cite

show abstract

“…The issue of carbon neutrality, an important concept in the study of climate change, has received considerable critical attention (Zanchi et al, 2012;Ji et al, 2014). It is a systematic process that requires the cooperation of multiple departments to achieve this goal (Yue et al, 2021;Zhang et al, 2021). Recent research has reported that setting emission reduction targets is substantially delineating the boundaries of natural capital (or carbon assets) (Zhou et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

“…There has also been a surge of interest in the effects of these numerous techniques (Bonan, 2008;Fuhrman et al, 2020). What's more, existing research recognizes the critical role played by the market that includes carbon tax (Soregaroli et al, 2021;Zhang et al, 2021) and carbon emissions trading scheme (Wang et al, 2019). Recent evidence suggests that there is a positive relationship between China's carbon emissions trading scheme (ETS) and companies' stock returns (Wen et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

Can the Natural Resources Capitalization Contribute to the Achievement of Carbon Neutrality? A Pilot Experiment Evidence From China

Xia

Xiong

et al. 2022

Front. Environ. Sci.

View full text Add to dashboard Cite

There has been renewed interest in assessing the pilot scheme for compiling the natural resources capitalization (NRC). A growing body of evidence highlights the good effects that the policy of NRC has on the construction of ecological civilization. No known empirical research has focused on exploring relationships between the policy of NRC and carbon emissions reduction. This paper employs the NRC as the ecological civilization policy to investigate whether the implementation of NRC has contributed to the carbon emissions reduction with a difference-in-differences (DID) method. The results showed that different variables of carbon emissions in four pilot cities can be effectively affected by the implementation of NRC. There were significant negative correlations between the carbon emissions per GDP (Gross Domestic Product) and the policy for Hulun Buir, Huzhou and Loudi cities, and a significant increase of carbon sequestration was found in Yan’an city. This research provides a timely and necessary study that the NRC policy could be a contributing factor to carbon emissions reduction. As a result of these investigations, suggestions were identified for future research. Further research should be undertaken to investigate the collaborative effects of multi-policies on environmental issues.

show abstract

“…For instance, several studies focused on assessing Frontiers in Environmental Science frontiersin.org transition policies from a coal industrial chain perspective (Liu et al, 2017;Zhao et al, 2021). More policy studies focused on individual stages of the coal industrial chain, such as from the coal production perspective or from the coal consumption perspective (Spencer et al, 2018;Zhang et al, 2021;Jia et al, 2022). However, although some studies considered carbon neutrality targets, a comprehensive and industrial chain stagespecific analysis is still lacking.…”

Section: Introductionmentioning

confidence: 99%

Toward carbon neutrality: The transition of the coal industrial chain in China

Chen

Dong

Geng

et al. 2022

Front. Environ. Sci.

View full text Add to dashboard Cite

In order to achieve China’s ambitious carbon neutrality target, coal industry should play a key role in mitigating its carbon emission and ensuring energy supply. Therefore, it is urgent for this coal industry to realize its transition toward low carbon development. This study investigates the status and policy options of China’s coal industry by considering the entire coal industrial chain, covering coal production, delivery, and consumption so that key challenges involving clean and efficient utilization and stable coal supply can be identified. Further, policy recommendations for the transition of this coal industrial chain toward low carbon development are proposed, including the implementation of appropriate national policies, research and development (R&D) efforts, the application of economic instruments and capacity building activities.

show abstract

Macroeconomic effect of energy transition to carbon neutrality: Evidence from China's coal capacity cut policy

Cited by 55 publications

References 52 publications

Technological innovations on direct carbon mitigation by ordered energy conversion and full resource utilization

Technological innovations on direct carbon mitigation by ordered energy conversion and full resource utilization

Can the Natural Resources Capitalization Contribute to the Achievement of Carbon Neutrality? A Pilot Experiment Evidence From China

Toward carbon neutrality: The transition of the coal industrial chain in China

Contact Info

Product

Resources

About