Analyzing the effects of government policy and solar photovoltaic hydrogen production on promoting CO2 capture and utilization by using evolutionary game analysis

Abstract

This study aims at proposing a public-private partnership project including the government (GOVT), coal-fired power plant (CTPP) and solar photovoltaic power plant (PVPP) toward carbon emission reduction and neutralization in China. The project is formed using the CO2 capture and utilization (CCU) and solar PV hydrogen production technologies. When all the participators cooperate, the influence of typical factors on the project is evaluated using the evolutionary game theory method. The results show that increasing the CCU subsidy can strengthen the participating intention of the CTPP but will reduce that of the GOVT. Improving the green electricity subsidy can strengthen the participating intention of the PVPP but will decrease that of the GOVT. To ensure the smooth running of the project, a relatively higher carbon emission penalty and a higher sales price of methanol should be ensured, the PVPP should control its daily working hours appropriately, and the proportion of electricity quantity of the PVPP used for hydrogen production should be increased. In this study, the suggested ranges of CCU and green electricity subsidy coefficients are 0.03–0.05 $/kWh and 0.0035–0.0045 $/kWh, the carbon emission penalty coefficient should be greater than 11 $/t, and the suggested range of daily working hours of the PVPP is 7–8 h.