LAPSE:2019.1508
Published Article
LAPSE:2019.1508
China’s Energy Transition in the Power and Transport Sectors from a Substitution Perspective
December 10, 2019
Facing heavy air pollution, China needs to transition to a clean and sustainable energy system, especially in the power and transport sectors, which contribute the highest greenhouse gas (GHG) emissions. The core of an energy transition is energy substitution and energy technology improvement. In this paper, we forecast the levelized cost of electricity (LCOE) for power generation in 2030 in China. Cost-emission effectiveness of the substitution between new energy vehicles and conventional vehicles is also calculated in this study. The results indicate that solar photovoltaic (PV) and wind power will be cost comparative in the future. New energy vehicles are more expensive than conventional vehicles due to their higher manufacturer suggested retail price (MSRP). The cost-emission effectiveness of the substitution between new energy vehicles and conventional vehicles would be $96.7/ton or $114.8/ton. Gasoline prices, taxes, and vehicle insurance will be good directions for policy implementation after the ending of subsidies.
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Keywords
clean energy, cost-emission efficiency, energy substitution, energy transition
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Suggested Citation
Han S, Zhang B, Sun X, Han S, Höök M. China’s Energy Transition in the Power and Transport Sectors from a Substitution Perspective. (2019). LAPSE:2019.1508
Author Affiliations
Han S: School of Business Administration, China University of Petroleum, Beijing 102249, China
Zhang B: School of Business Administration, China University of Petroleum, Beijing 102249, China
Sun X: School of Business Administration, China University of Petroleum, Beijing 102249, China
Han S: School of Business Administration, China University of Petroleum, Beijing 102249, China
Höök M: Global Energy Systems, Department of Earth Science, Uppsala University, SE-751 05 Uppsala, Sweden
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Zhang B: School of Business Administration, China University of Petroleum, Beijing 102249, China
Sun X: School of Business Administration, China University of Petroleum, Beijing 102249, China
Han S: School of Business Administration, China University of Petroleum, Beijing 102249, China
Höök M: Global Energy Systems, Department of Earth Science, Uppsala University, SE-751 05 Uppsala, Sweden
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Journal Name
Energies
Volume
10
Issue
5
Article Number
E600
Year
2017
Publication Date
2017-04-29
Published Version
ISSN
1996-1073
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Original Submission
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PII: en10050600, Publication Type: Journal Article
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LAPSE:2019.1508
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doi:10.3390/en10050600
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[v1] (Original Submission)
Dec 10, 2019
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Dec 10, 2019
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https://psecommunity.org/LAPSE:2019.1508
Original Submitter
Calvin Tsay
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