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Full-Text Articles in Social and Behavioral Sciences
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.