Mechanism of Fiscal and Taxation Policies in the Geothermal Industry in China

Jiang, Yong; Lei, Yalin; Li, Li; Ge, Jianping

doi:10.3390/en9090709

Cited by 10 publications

(5 citation statements)

References 41 publications

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“…In addition, the investors should take price-induced energysaving innovation and technology advancement in reducing the carbon content in each unit of goods production to reduce the cost of the carbon price. Furthermore, the investors should pay more attention to renewable energy such as geothermal energy (Jiang et al 2016) and carbon …”

Section: Conclusion and Policy Implicationsmentioning

confidence: 99%

Factors affecting the pilot trading market of carbon emissions in China

et al. 2018

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Climate change and carbon emissions are major problems which are attracting worldwide attention. China has had its pilot carbon emission trading markets in seven regions for more than 3 years. What affects carbon emission trading market in China is a big question. More attention is paid to how China promotes the carbon emission trading schemes in the whole country. This paper addresses concerns about the functioning of carbon emission trading schemes in seven pilot regions and takes the weekly data from November 25, 2013, to March 19, 2017. We employ a vector autoregressive model to study how coal price, oil price and stock index have affected the carbon price in China. The results indicate that carbon price is mainly affected by its own historical price; coal price and stock index have negative effects on carbon price, while oil price has a negative effect on carbon price during the first 3 weeks and then has a positive effect on carbon price. More regulatory attention and economic measures are needed to improve market efficiency, and the mechanisms of carbon emission trading schemes should be improved.

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Section: Conclusion and Policy Implicationsmentioning

confidence: 99%

Factors affecting the pilot trading market of carbon emissions in China

et al. 2018

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“…Each effect on geothermal adoption should be assessed. Even though China's recent policies actions have broken the high‐cost limitations and have stimulated investment in geothermal adoption, the utilization of geothermal water (Jiang et al , 2016), which is related to water consumption, heating and energy use, is undoubtedly facing enormous development problems. Governments should pay more attention to the water–heat–energy system when they begin to utilize geothermal sources. They should plan for geothermal adoption, which may affect the regional economy and environment. Governments should formulate regulations that are related to geothermal adoption.…”

Section: Discussionmentioning

confidence: 99%

“…Each effect on geothermal adoption should be assessed. Even though China's recent policies actions have broken the high-cost limitations and have stimulated investment in geothermal adoption, the utilization of geothermal water (Jiang et al, 2016), which is related to water consumption, heating and energy use, is undoubtedly facing enormous development problems.…”

Section: (1)mentioning

confidence: 99%

“…This document explicitly stated that enterprises could get 50% government subsidies for their heating when they drill geothermal wells, and the heating projects could get 30% government subsidies for using shallow geothermal energy. The National Development and Reform Commission, the National Energy Administration and the Ministry of Land and Resources jointly issued a document called the ‘Thirteenth Five Year Plan of Geothermal Energy Development and Utilization’ in January 2017, which explicitly stated that the scale of the area for shallow geothermal heating (cooling) will be increased to 700 km 2 , and the scale of the area for hydrothermal geothermal heating will be increased to 400 km 2 in 2020 (Jiang, 2016; Jiang et al , 2019).…”

Section: Introductionmentioning

confidence: 99%

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Examination of the relationship between the exploitation of geothermal sources and regional economies: a Beijing case study

Jiang

Lei

Liu

et al. 2019

Water & Environment J

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Rapid urbanization has resulted in severe demands on water, heat and energy resources, which threaten the sustainability of the urban economy and environment. Geothermal energy is one of the cleanest sources of energy, and it plays an important role in the sustainability of the regional economy and environment. This paper employs the vector autoregressive (VAR) model to assess the effects of water, heat and energy consumption on geothermal adoption and the interactions among these factors. Beijing is chosen as a case study to investigate the water-heat-energy nexus and examination of the relationship between geothermal adoption and the regional economy. The results reveal that water consumption has mainly affected geothermal adoption. Water consumption and energy consumption have negative effects on geothermal adoption, while the centralized heat supply has a positive effect on geothermal adoption. This paper also adopts a gear model and coupling coordination degrees to investigate the relationship between geothermal adoption and the regional economy. The rates of geothermal adoption and the regional economy vary, but they are in a good state of coupling coordination. In addition, the coupling coordination of geothermal adoption and the regional economy has the potential to improve.

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“…However, despite the detailed technical aspects offered, their work lacked several important non-technical aspects, deeming them as insufficient to fully elucidate the complexity of geothermal systems. Subsequently, Alfrink [26], Jiang et al [27], and Splitter et al [28] used SD to elaborate other elements of geothermal systems beyond the technical aspects, including the financial and economic aspects. Aslani et al [29], Saavedra et al [30], and Splitter et al [31] also used SD to improve the deficiencies of the previous work by complementing the aspects of the geothermal systems to include a more holistic view of renewable energy use in different countries.…”

Section: Related Workmentioning

confidence: 99%

Unearthing the Dynamics of Indonesia’s Geothermal Energy Development

Yudha

Tjahjono

2022

Energies

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Indonesia has one of the world’s biggest geothermal energy reserves, accounting for 28.61 Gigawatts of electric energy (GWe). However, as of 2022, the installed geothermal capacity in Indonesia was only around 2.175 GWe, just 7.6% of its estimated potential. Geothermal energy development is required for Indonesia to empower sustainable energy systems and achieve its target of reaching 7.2 GW of geothermal energy by 2025. The geothermal energy sector is viewed as a complex dynamic system, with complicated challenges, including technical, financial, infrastructure, and many other issues. The purpose of this paper is to understand the complex nature of geothermal systems in Indonesia. To that end, this paper examines the geothermal development from a systematic and holistic standpoint, employing the interview technique to enable the conceptualization of the geothermal systems using the system dynamics (SD) approach. The SD model exhibits several underlying and important factors influencing the development of geothermal energy in Indonesia, such as capital investment, the collection of upstream data to reduce risk, infrastructure construction, pricing, incentives, permit procedures, environmental concerns, and public acceptance.

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Mechanism of Fiscal and Taxation Policies in the Geothermal Industry in China

Cited by 10 publications

References 41 publications

Factors affecting the pilot trading market of carbon emissions in China

Factors affecting the pilot trading market of carbon emissions in China

Examination of the relationship between the exploitation of geothermal sources and regional economies: a Beijing case study

Unearthing the Dynamics of Indonesia’s Geothermal Energy Development

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