Cost increase in the electricity supply to achieve carbon neutrality in China
Tsinghua University · Harvard University
Abstract
The Chinese government has set long-term carbon neutrality and renewable energy (RE) development goals for the power sector. Despite a precipitous decline in the costs of RE technologies, the external costs of renewable intermittency and the massive investments in new RE capacities would increase electricity costs. Here, we develop a power system expansion model to comprehensively evaluate changes in the electricity supply costs over a 30-year transition to carbon neutrality. RE supply curves, operating security constraints, and the characteristics of various generation units are modelled in detail to assess the cost variations accurately. According to our results, approximately 5.8 TW of wind and solar…
Citation impact
- FWCI
- 35.63
- Percentile
- 100%
- References
- 17
Authors
8Topics & keywords
- Renewable energy
- Carbon neutrality
- Electricity
- Environmental economics
- Mains electricity
- Photovoltaic system
- Electricity generation
- Natural resource economics
- Affordable and clean energy