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Social and Behavioral Sciences Commons™
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Articles 1 - 6 of 6
Full-Text Articles in Social and Behavioral Sciences
Quantifying Stranded Assets Of The Coal-Fired Power In China Under The Paris Agreement Target, Weirong Zhang, Yiou Zhou, Zhen Gong, Junjie Kang, Changhong Zhao, Zhixu Meng, Jian Zhang, Tao Zhang, Jiahai Yuan
Quantifying Stranded Assets Of The Coal-Fired Power In China Under The Paris Agreement Target, Weirong Zhang, Yiou Zhou, Zhen Gong, Junjie Kang, Changhong Zhao, Zhixu Meng, Jian Zhang, Tao Zhang, Jiahai Yuan
Research Collection School Of Computing and Information Systems
Coal-fired power plays a critical role in China's compliance with the Paris Agreement. This research quantifies China's stranded coal assets under different coal capacity expansion scenarios with an integrated approach and high-precision coal-fired power database. From a top-down perspective, firstly, the pathway of China's coal-fired power capacity consistent with the global 2 degrees C scenario is outlined and then those stranded coal-fired power plants are identified with a bottom-up perspective. Stranded value is estimated based upon a cash flow algorithm. Results show that if coal capacity stabilizes during 2020-2030, China will only incur a sizeable yet manageable stranded asset loss …
Managing The Phaseout Of Coal Power: A Comparison Of Power Decarbonization Pathways In Jilin Province, Weirong Zhang, Zhixu Meng, Jiongjun Yang, Yan Song, Yiou Zhou, Changhong Zhao, Jiahai Yuan
Managing The Phaseout Of Coal Power: A Comparison Of Power Decarbonization Pathways In Jilin Province, Weirong Zhang, Zhixu Meng, Jiongjun Yang, Yan Song, Yiou Zhou, Changhong Zhao, Jiahai Yuan
Research Collection School Of Computing and Information Systems
With the periodic goals of reaching carbon emission peak before 2030 and achieving carbon neutrality before 2060 (“dual carbon” goals), China shows its unprecedented determination to coal power phaseout. This research takes Jilin Province to showcase possible pathways of coal power units’ phaseout on provincial level. We set up four different coal power phaseout scenarios, under which their transition cost and effectiveness would be calculated, respectively. In terms of natural resource endowment and electricity demand, Jilin Province would achieve a complete coal power phaseout by 2045 or even by 2040. However, after assessing the effectiveness of power transition under the …
Estimating Stranded Coal Assets In China's Power Sector, Weirong Zhang, Mengjia Ren, Junjie Kang, Yiou Zhou, Jiahai Yuan
Estimating Stranded Coal Assets In China's Power Sector, Weirong Zhang, Mengjia Ren, Junjie Kang, Yiou Zhou, Jiahai Yuan
Research Collection School Of Computing and Information Systems
China has suffered overcapacity in coal power since 2016. With growing electricity demand and an economic crisis due to the Covid-19 pandemic, China faces a dilemma between easing restrictive policies for short-term growth in coal-fired power production and keeping restrictions in place for long-term sustainability. In this paper, we measure the risks faced by China's coal power units to become stranded in the next decade and estimate the associated economic costs for different shareholders. By implementing restrictive policies on coal power expansion, China can avoid 90% of stranded coal assets by 2025.
Estimating Financial Information Asymmetry In Real Estate Transactions In China: An Application Of Two-Tier Frontier Model, Ganlin Pu, Ying Zhang, Li-Chen Chou
Estimating Financial Information Asymmetry In Real Estate Transactions In China: An Application Of Two-Tier Frontier Model, Ganlin Pu, Ying Zhang, Li-Chen Chou
Research Collection School Of Computing and Information Systems
This study applies the two-tier stochastic frontier model to estimate the distribution of housing transaction information in Hangzhou, Wenzhou, Ningbo, and Jinhua (four cities in Zhejiang Province, China) during the year 2018, to analyze the difference in the price information acquired by the buyers and sellers in the transaction, and the effect of information asymmetry on the transaction price. The empirical results show that in each city, during the housing transaction process, the supplier has more complete information about house prices than consumers, and can therefore implement price discrimination strategies in setting service prices. Due to the disadvantage in acquired …
The Spatial And Temporal Impact Of Agricultural Crop Residual Burning On Local Land Surface Temperature In Three Provinces Across China From 2015 To 2017, Wenting Zhang, Mengmeng Yu, Qingqing He, Tianwei Wang, Lu Lin, Kai Cao, Wei Huang, Peihong Fu, Jiaxin Chen
The Spatial And Temporal Impact Of Agricultural Crop Residual Burning On Local Land Surface Temperature In Three Provinces Across China From 2015 To 2017, Wenting Zhang, Mengmeng Yu, Qingqing He, Tianwei Wang, Lu Lin, Kai Cao, Wei Huang, Peihong Fu, Jiaxin Chen
Research Collection School Of Computing and Information Systems
China has suffered from severe crop residue burning (CRB) for a long time. As a type of biomass burning, CRB leads to a huge alteration in climate due to the emission of greenhouse gases and particulates in the atmosphere and damages to surface characteristics on land. At present, a growing body of research focuses on the impact of biomass burning (BB) (e.g., forest fire, grass fire, and CRB) on climate change from the aspect of atmospheric process. Meanwhile, a small number of research studies have started to pay attention on the damage caused by BB (e.g. forest fire) on land …
Esg And Corporate Financial Performance: Empirical Evidence From China's Listed Power Generation Companies, Changhong Zhao, Yu Guo, Jiahai Yuan, Mengya Wu, Daiyu Li, Yiou Zhou, Jiangang Kang
Esg And Corporate Financial Performance: Empirical Evidence From China's Listed Power Generation Companies, Changhong Zhao, Yu Guo, Jiahai Yuan, Mengya Wu, Daiyu Li, Yiou Zhou, Jiangang Kang
Research Collection School Of Computing and Information Systems
Nowadays, listed companies around the world are shifting from short-term goals of maximizing profits to long-term sustainable environmental, social, and governance (ESG) goals. People have come to realize that ESG has become an important source of the corporate risk and may affect the company's financial performance and profitability. Recent research shows that good ESG performance could improve the financial performance in some countries. Yet, the question of how does ESG affect financial performance has not been thoroughly discussed and studied in China. In this article, we study China's listed power generation groups to explore the relationship between ESG performance and …