Abstract
The carbon emissions from coal-fired power have become an increasing concern to governments around the world. In this paper, a carbon emissions allowances allocation based on the equilibrium strategy is proposed to mitigate coal-fired power generation carbon emissions, in which the authority is the lead decision maker and the coal-fired power plants are the follower decision makers, and an interactive solution approach is designed to achieve equilibrium. A real-world case study is then given to demonstrate the practicality and efficiency of this methodology. Sensitivity analyses under different constraint violation risk levels are also conducted to give authorities some insights into equilibrium strategies for different stakeholders and to identify the necessary tradeoffs between economic development and carbon emissions mitigation. It was found that the proposed method was able to mitigate coal-fired power generation carbon emissions significantly and encourage coal-fired power plants to improve their emissions performance.
Highlights
Because of their major contribution to global climate change, there has been increased research to determine the best ways to reduce carbon emissions, which have been exponentially increasing due to the increased demand for energy [1,2,3]
“Hard-path” methods mainly focus on advanced clean coal technologies (CCT) such as integrated gasification combined cycles (IGCC), carbon capture and storage (CCS), ultra-supercritical technology (USC) and externally-fired combined cycle (EFCC) technologies [12,13,14]
Hoya and Fushimi evaluated the performance of advanced IGCC power generation systems with low-temperature gasifiers and gas cleaning and found that the lowest net thermal efficiency rose to 57.2% and the minimum carbon emission factors fell to 39.7 kg-CO2 MWh [15]
Summary
Because of their major contribution to global climate change, there has been increased research to determine the best ways to reduce carbon emissions, which have been exponentially increasing due to the increased demand for energy [1,2,3]. Kayal and Chakraborty designed and developed carbon-based metal organic framework (MOF) composite for CO2 capture and concluded that the MAX-MIL composite was able to adsorb a greater quantity of CO2 compared with the original methods [16] Even though these “hard-path” methods are highly efficient in reducing carbon emissions, commercial-scale applications are still extremely expensive [17,18], especially for developing countries, which tend to prefer “soft-path”, less-expensive solutions [19,20]. Xu et al developed an equilibrium strategy based on a hydro-wind-thermal complementary system for carbon emission reduction and obtained some useful suggestions [24] Such studies have gone some way to alleviating the human activity caused global climate change effects, the reality is still not satisfactory due to the complexity and uncertainty of human activities; further improvements are necessary
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
