Abstract
China's power industry is facing the issue of reducing carbon emissions, a particularly important matter to address during the industrial development. Based on the emission reduction status of power industries in China, the possibilities and the challenges of dealing with climate change for Chinese power industries are discussed in this paper by employing PEST (political, economic, social, technological)-strengths, weaknesses, opportunities, and threats analysis. The Tradable Green Certificate (TGC) system and the Carbon Emission Trading scheme for power industry development and environmental protection are analyzed as well. The results show that (1) the possibilities of developing power industries and addressing the climate change issue involve internal advantages (three strengths) and external chances (four opportunities); (2) the challenges for the Chinese power industry involve internal disadvantages (three weaknesses) and external unfavorable factors (four threats); and (3) both the TGC planning and the carbon emission scheme, as an efficient market-oriented strategic change, can jointly adjust the structure of power industries.
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