A Dynamic Growth Model of Wind Power Optimal Investment Paths

Abstract:

The current worldwide energy consumption is largely dominated by non-renewable energies such as coal, oil and gas. For well-known reasons, this concept should be changed to a more sustainable one based on renewable. Wind power, the most developed and commercialized renewable energy technology, has considerable potential. The relationship between economic growth, energy exhaustion and green house gas (GHG) emissions becomes the major recent years. Considering economic development, demand for energy, emissions abatement and wind energy substitution rate, a dynamic growth model with substitution of wind energy is presented. Based on the model, it describes how the activity of substitution impacts other elements in the economic system in the future. China is the selected study region and the optimal systemic project of wind power industry has been obtained by using the theory of cybernetics.

• Periodical: Advanced Materials Research (Volumes 608-609)
• Pages: 713-718
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.608-609.713
• Online since: December 2012
• Authors: Wen Hui Zhao, Hui Wang, Jing Yan Ge
• Keywords: Dynamic Model, Emissions Abatement, Substitution Rate, Sustainable Growth, Wind Energy Investment

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