Article
Engineering, Environmental
Tian-tian Feng, Rong Li, Hui-min Zhang, Xiao-lei Gong, Yi-sheng Yang
Summary: China has set emission reduction targets for 2030 and 2060, and implemented CET and TGC to achieve these goals. Through simulation and policy synergy modeling, it was found that TGC and CET systems can optimize power supply structure and slow down the growth rate of CO2 emissions.
RESOURCES CONSERVATION AND RECYCLING
(2021)
Article
Green & Sustainable Science & Technology
Xin Chang, Zhaoyuan Wu, Jingting Wang, Xingyu Zhang, Ming Zhou, Tao Yu, Yuyang Wang
Summary: China is promoting the construction of national electricity market and carbon market to accelerate the low-carbon transition in the energy sector. The coupling effect of carbon emission trading and tradable green certificates under electricity marketization in China is examined. Simulation results show that coordination of the two can alleviate the pressure of fiscal deficit and promote low-carbon transition.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2023)
Article
Thermodynamics
Dequn Zhou, Zhuojia Dong, Xiuzhi Sang, Qunwei Wang, Xianyu Yu
Summary: This study examines the impact of China's feed-in tariff reduction and tradable green certificate market policies on provincial green total factor productivity (GTFP). The results show that the feed-in tariff reduction policy has a positive effect on GTFP, while the green certificate trading practices have a negative effect. Additionally, the joint implementation of feed-in tariff reduction and tradable green certificate market policies has a positive effect on GTFP.
Article
Economics
Ourania Karakosta, Dimitra Petropoulou
Summary: The study finds that the national percentage requirements set by EU member states are inconsistent with the EU-wide renewable energy target due to cross-country externalities arising from electricity trade and TGCs market prices. This raises doubts about the feasibility of EU renewable energy policy without binding national targets, and provides guidance on how national targets should be shaped.
Article
Green & Sustainable Science & Technology
Xianyu Yu, Zhuojia Dong, Dequn Zhou, Xiuzhi Sang, Ching-Ter Chang, Xinhuan Huang
Summary: The power industry in China is a major contributor to carbon emissions and also a key player in both the tradable green certificate market and the carbon emissions trading market. The implementation of tradable green certificate and carbon emissions trading mechanisms has positive impacts on controlling carbon emissions, promoting national emission reduction targets, optimizing the power structure, increasing renewable energy investments, and achieving sustainable development goals at the national level.
JOURNAL OF CLEANER PRODUCTION
(2021)
Article
Computer Science, Interdisciplinary Applications
Yue-Jun Zhang, Wei Shi
Summary: This study develops a theoretical model to explore the role of carbon emissions trading (CET) in promoting enterprise green investment. Using panel data from China's carbon-intensive listed enterprises, the study empirically evaluates the effect of CET on green investment and discusses regional and industrial differences in this effect. The results indicate that CET has a complex impact on enterprise green investment, with variations in different regions and industries.
COMPUTERS & INDUSTRIAL ENGINEERING
(2023)
Article
Economics
Yue-Jun Zhang, Wei Wang
Summary: The study empirically evaluates the impact of China's CET policy on investment expenditure of CET-covered enterprises in seven pilot regions. Results show a general reduction in investment expenditure due to the CET policy, with significant industrial and regional heterogeneity, and a strengthening trend over time.
Article
Green & Sustainable Science & Technology
Sizhe Yan, Weiqing Wang, Xiaozhu Li, Haipeng Lv, Tianyuan Fan, Sumaiya Aikepaer
Summary: Promoting the large-scale consumption of renewable energy and increasing the proportion of large-scale renewable energy in market transactions is crucial for achieving carbon peaking and carbon neutralization in China. This study proposes a stochastic optimal scheduling model that considers the uncertainty of renewable energy power generation. By using Stackelberg game theory, the model analyzes the complex interest relationship between different market participants and obtains a scheduling scheme that balances the interests of different participants. The model also combines the tradable green certificate trading mechanism and the carbon emission trading mechanism to optimize the overall allocation of green certificates and carbon emission rights, stimulating renewable energy generation and promoting energy conversion.
Article
Economics
Arild Heimvik, Eirik S. Amundsen
Summary: This study examines the applicability and results of a Tradable Green Certificate (TGC) scheme in achieving specific greenhouse gas emission reduction targets in the electricity sector using a dynamic model. The research finds that while the TGC scheme can achieve specific dynamic emission targets, it may result in overinvestment in new green generation capacity.
Article
Environmental Sciences
Aviel Verbruggen, Erik Laes
Summary: The Tradable Green-power Certificates (TGC) systems and Greenhouse Emission-permits Trading Systems (ETS) emerged in Europe in 1999-2001, both with flaws such as certificate allocation bypassing market mechanisms. The European Commission did not fully utilize the lessons from the trials and failures of the TGC market.
ENVIRONMENTAL SCIENCE & POLICY
(2021)
Article
Green & Sustainable Science & Technology
Lei Xu, Xin-gang Zhao
Summary: Renewable Portfolio Standards (RPS) and carbon emission trading (CET) system are crucial for China's energy low-carbon transformation. However, the current tradable green certificates market and CET market are still in the early stages with low market activity and transaction frequency. This study aims to explore the synergistic effect between RPS and CET, revealing the influence mechanism and potential benefits. The results demonstrate the positive synergistic effect between RPS and CET and suggest that their simultaneous implementation can stimulate market vitality, promote renewable energy industry development, and optimize power source structure.
Article
Thermodynamics
Xinyue Zhang, Xiaopeng Guo, Xingping Zhang
Summary: The establishment of carbon emissions trading (CET) and tradable green certificate (TGC) markets in China will significantly impact the bidding behavior of generation companies (GENCOs) and the low-carbon transformation of the power industry. A Nash bargaining game model was used to assess the synergy of power, CET, and TGC markets on the decision behavior of non-renewable energy GENCOs, renewable energy GENCOs, and power purchasers. The simulation results reveal the effects of transition incentives, price interactions, and profit blocking between the three markets.
Article
Economics
Jessica Coria, Jurate Jaraite
Summary: This study explores the impact of ownership structure on tradable green certificate (TGC) prices in the Swedish market. The findings reveal that firms with cross-ownership have the ability to differentiate TGC prices, despite the low overall market concentration.
Article
Green & Sustainable Science & Technology
Zhi-Ping Fan, Siqin Cai, Dongliang Guo, Bo Xu
Summary: This paper studies the production decisions of a power plant faced with uncertainty in renewable energy production, considering risk neutrality and risk aversion. The results reveal the impacts of different risk attitudes on power production decisions, and also analyze the effects of transitioning from a fixed Feed-in-Tariffs policy to a market-oriented Tradable Green Certificates policy.
Article
Thermodynamics
Lijun Zeng, Jiafeng Wang, Laijun Zhao
Summary: This study develops an inter-provincial tradable green certificate (TGC) futures trading model that combines TGC futures with inter-provincial TGC trading, which provides an efficient and cost-effective mechanism to achieve the Chinese renewable portfolio standard (RPS) targets. The model significantly reduces the RPS target realization cost and increases renewable energy generation. Policy suggestions for the effective design of the TGC futures market and successful implementation of the RPS policy are proposed.
Article
Green & Sustainable Science & Technology
M. Genovese, F. Piraino, P. Fragiacomo
Summary: This research proposes the concept of a hydrogen valley in southern Italy, where hydrogen is produced centrally and delivered via fuel cell hybrid trains to refueling stations, providing transportation services. The analysis from both technical and economic perspectives shows that the cost of hydrogen and energy efficiency reached competitive levels, and hydrogen rail transport offers significant benefits in terms of emissions reduction and economic gains compared to conventional diesel trains and fully electric trains.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2024)
Review
Green & Sustainable Science & Technology
Miaomiao Liu, Payam Nejat, Pinlu Cao, Carlos Jimenez-Bescos, John Kaiser Calautit
Summary: This article provides a critical review of the performance of windcatchers, pointing out the current research gaps and issues, and proposing directions for further investigation and market prospects.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2024)
Review
Green & Sustainable Science & Technology
Solomon Boadu, Ebenezer Otoo
Summary: Despite Africa's vast energy resources, including wind energy, the continent faces challenges in developing its wind energy industry. Northern African countries and South Africa currently dominate the wind energy sector in Africa. To uplift Africa's socio-economic status, strong political will, supportive policies, and institutional frameworks are needed to drive the development of wind energy and overcome existing challenges.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2024)
Article
Green & Sustainable Science & Technology
E. K. Grubbs, S. M. Gruss, V. Z. Schull, M. J. Gosney, M. V. Mickelbart, S. Brouder, M. W. Gitau, P. Bermel, M. R. Tuinstra, R. Agrawal
Summary: As the global population grows, the demand for food, energy, and water will increase significantly. However, limited land availability and competition for solar resources pose challenges to resource generation technologies. In the United States, both agriculture and solar energy production have adopted densification schemes to improve yields and energy output per unit of land. This research proposes an Agrivoltaic food and energy coproduction architecture that optimizes power generation while maintaining crop productivity by implementing ideal anti-tracking during critical growth periods. This technology offers a viable pathway for widespread solar implementation throughout the contiguous United States.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2024)
Review
Green & Sustainable Science & Technology
Han Shao, Rui Henriques, Hugo Morais, Elisabetta Tedeschi
Summary: The integration of offshore wind energy into the electric grid provides opportunities in terms of environmental sustainability and cost efficiency, but poses challenges to power quality. This survey offers a deeper understanding of disturbance detection and classification tools, exploring root causes, disturbance locations, and algorithmic solutions. It highlights synchronized waveform measurement and discusses evaluation metrics for detection and classification algorithms. Additionally, a novel system-wide monitoring framework is proposed.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2024)
Review
Green & Sustainable Science & Technology
Eleni Davidson, Yair Schwartz, Joe Williams, Dejan Mumovic
Summary: A continued upward trend in global greenhouse gas emissions poses risks to global infrastructure and built assets. Maintaining high indoor environmental quality standards is a challenge for higher education institutions under future climates. Passive cooling mechanisms may be insufficient to tolerate predicted temperature increases. Different building typologies have varying energy demand projections.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2024)
Article
Green & Sustainable Science & Technology
Kexin Pang, Jian Zhou, Stamatis Tsianikas, David W. Coit, Yizhong Ma
Summary: This study proposes a new framework for long-term microgrid expansion planning, using deep reinforcement learning method to consider various uncertainties and constraints. The framework aims to enhance the effectiveness of microgrid expansion planning from the perspectives of economy, resilience, and greenhouse gas emission reduction.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2024)
Article
Green & Sustainable Science & Technology
Jun Zhao, Kangyin Dong, Xiucheng Dong
Summary: The continuous growth of global electricity penetration has provided modern energy for alleviating energy poverty, but its impact on carbon neutrality has been overlooked. The research reveals that clean electricity from traditional fossil energy and renewable energy has a positive influence on the greenhouse effect. Eradicating energy poverty can effectively alleviate the greenhouse effect, especially in non-Belt and Road Initiative (B&RI) nations.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2024)
Review
Green & Sustainable Science & Technology
Hossein Shahbeik, Hamed Kazemi Shariat Panahi, Mona Dehhaghi, Gilles J. Guillemin, Alireza Fallahi, Homa Hosseinzadeh-Bandbafha, Hamid Amiri, Mohammad Rehan, Deepak Raikwar, Hannes Latine, Bruno Pandalone, Benyamin Khoshnevisan, Christian Sonne, Luigi Vaccaro, Abdul-Sattar Nizami, Vijai Kumar Gupta, Su Shiung Lam, Junting Pan, Rafael Luque, Bert Sels, Wanxi Peng, Meisam Tabatabaei, Mortaza Aghbashlo
Summary: This review explores the production of biocrude oil from biomass feedstocks through the process of hydrothermal liquefaction (HTL). It discusses the impact of process parameters on the quality, quantity, cost, and environmental impacts of biofuels. The review also highlights the challenges and prospects for the future development of biocrude oil.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2024)
Article
Green & Sustainable Science & Technology
Meysam Majidi Nezhad, Mehdi Neshat, Georgios Sylaios, Davide Astiaso Garcia
Summary: Digital twins promise innovation for the marine renewable energy sector by using modern technological advances and the existing maritime knowledge frameworks. This research presents critical aspects of digital twin implementation challenges in marine energy digitalization approaches that use and combine data systems.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2024)
Article
Green & Sustainable Science & Technology
Yeganeh Sharifian, Hamdi Abdi
Summary: This paper discusses the background and objectives of the multi-area economic dispatch problem, as well as various techniques and methods applied in this field. It also covers comprehensive formulations of the problem and important issues in the field of probabilistic MAED, along with some related concepts and suggestions.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2024)
Review
Green & Sustainable Science & Technology
J. G. B. Churchill, V. B. Borugadda, A. K. Dalai
Summary: The increasing global energy demand and the need to reduce fossil fuel reliance have created a demand for renewable and sustainable fuel sources. This review explores the potential of tall oil, a by-product of the pulping industry, as a feedstock for biofuels. The review provides an overview of tall oil production, purification, and treatment, and investigates recent trends and barriers towards tall oil-derived biofuels.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2024)
Review
Green & Sustainable Science & Technology
David C. Broadstock, Xiangnan Wang
Summary: This study provides a general review of research on district cooling, identifying key topics and themes and highlighting potential research priorities for future studies.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2024)
Article
Green & Sustainable Science & Technology
L. Scharnhorst, D. Sloot, N. Lehmann, A. Ardone, W. Fichtner
Summary: This study investigates and analyzes the barriers to demand response in industrial and commercial sectors, highlighting their significance. Concerns about diminished product quality, disruptions to production processes, human resource management, and revenue uncertainty are identified as the most frequently cited barriers. Overcoming these barriers requires bridging knowledge gaps, allocating sufficient resources, and adapting external incentives and policies.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2024)
Review
Green & Sustainable Science & Technology
Tong Feng, Yuechi Sun, Yating Shi, Jie Ma, Chunmei Feng, Zhenni Chen
Summary: Air pollution is a significant global challenge, and policymakers have implemented policies to reduce it. Evaluating the effectiveness of these policies is critical, and our study reveals trends and gaps in air pollution policy research. We found that research has shifted from focusing solely on air pollutants to including methodologies, policies, and health implications. China has emerged as a major contributor in this field of research.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2024)