The Goal of Carbon Peaking, Carbon Emissions, and the Economic Effects of China’s Energy Planning Policy

Analysis Using a CGE Model

Bibliographic Data

ID15462864
AuthorsHaisheng Hu (0009-0000-4154-132X, University of Shanghai for Science and Technology), Wanhao Dong (0000-0002-4432-3616, Shanghai Lixin University of Accounting and Finance, corresponding author)
Year2022
Volume20
Issue1
Pages165-165
Publication date2022-12-22
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueInternational Journal of Environmental Research and Public Health (JOURNAL)
Journal identifiersISSN: 1661-7827 • E-ISSN: 1660-4601
PublisherMultidisciplinary Digital Publishing Institute (PUBLISHER • CH)
DOI10.3390/ijerph20010165
PMID36612485
OpenAlexW4313362560
LanguageEN
Citations received2
References cited50

This study focuses on the effects of China's carbon peaking policy, investigating how to balance nonfossil energy consumption and coal consumption to achieve China's carbon peaking policy goal. The research applies the recursive dynamic computable general equilibrium model to simulate the impact of China's energy planning policies using five scenarios to analyze the carbon emissions and economic effects of China's energy planning policy from the perspectives of energy use, carbon emissions, the macroeconomy, and institutional income. The simulation results indicate that to achieve the goal of carbon peaking by 2030, the annual installed capacity of nonfossil energy must reach 112.29 gigawatts, and average annual coal consumption in the China 15th Five-Year Plan and 16th Five-Year Plan should be reduced by 20 million and 40 million tons, respectively, which will result in the proportion of nonfossil energy in primary energy consumption reaching about 25%. Limiting coal consumption will slow economic growth, whereas increasing the installed capacity of nonfossil energy will stimulate economic growth. The combined policies will have a significant impact on reducing carbon emissions and achieving the carbon peaking goal and will also offset the adverse effects of such policies on the macroeconomy

China · Coal · Computable general equilibrium · Consumption (sociology · Economics · Energy consumption · Energy policy · Environmental economics · Geography · Greenhouse gas · Macroeconomics · Natural resource economics · Renewable energy · Waste management · Energy, Environment, and Transportation Policies · Energy, Environment, Economic Growth · Engineering · Environmental Impact and Sustainability · Environmental Science

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