Research on the Generation Expansion Planning in Carbon Market in China

Abstract:

The model of GEP in carbon market is established by introducing the carbon economy index proposed in this paper to traditional GEP model. Considering the operation experience of European Union Emission Trading System (EU ETS), the proposed index mainly consists of the CO2 emission load and the carbon price, which works as two forms in the established model: the carbon income in objective function and the CO2 reduction constraint in constraints. Especially, this paper divides the CO2 reduction constraint into two parts working in different planning period, so as to provide the flexibility and the result control for the planning. And the simulation shows that the GEP in the carbon market can guide the power structure adjustment and reduce CO2 emissions.

• Periodical: Advanced Materials Research (Volumes 354-355)
• Pages: 1007-1011
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.354-355.1007
• Online since: October 2011
• Authors: Xu Dong Song, Feng Shuo Zhang, Juan Mo, Xiong Wang, Tie Yuan Xiang
• Keywords: Carbon Allowance, Carbon Market, Carbon Price, Generation Expansion Planning (GEP), Low-Carbon Economy (LCE)

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