Keywords
Feed-in tariff
CO2 emission reductions
Dynamic CGE model
Submitted : 2024-09-02
Accepted : 2024-09-17
Published : 2024-10-02
Abstract
Developing renewable energy is an important strategy to respond to carbon neutrality, contributing to energy transition and sustainable development in China. A dynamic computable general equilibrium model is employed to study the impacts of renewable energy policies on emission reductions and economic development. The basic data is the Chinese input-output table in 2015. The results show that the expansion of renewable energy can reduce emissions and that the power sectors face significant decreases in emissions compared to other sectors; the high economic growth is more conducive to the optimization of energy consumption structure and creates more favorable conditions for renewable electricity adoption; and the share of renewable electricity will reach 48.88% and 50.02% by 2030 under low and high GDP growth paths, respectively. The increased clean electricity derives mainly from wind power and solar power.
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