Global crises, notably climate shocks, degraded ecosystems, and growing energy demand, enforce sustainable production and consumption pathways. A circular bioeconomy offers the opportunities to actualize resource and ...Global crises, notably climate shocks, degraded ecosystems, and growing energy demand, enforce sustainable production and consumption pathways. A circular bioeconomy offers the opportunities to actualize resource and eco-efficiency enhancement, valorization of waste streams, reduction of fossil energy and greenhouse gas (GHG) emissions. Albeit biomass resources are a potential feedstock for bio-hydrogen (bio-H2) production, Ghana’s agricultural residues are not fully utilized. This paper examines the economic and environmental impact of bio-H2 electricity generation using agricultural residues in Ghana. The bio-H2 potential was determined based on biogas steam reforming (BSR). The research highlights that BSR could generate 2617 kt of bio-H2, corresponding to 2.78% of the global hydrogen demand. Yam and maize residues contribute 50.47% of the bio-H2 produced, while millet residues have the most negligible share. A tonne of residues could produce 16.59 kg of bio-H2 and 29.83 kWh of electricity. A total of 4,705.89 GWh of electricity produced could replace the consumption of 21.92% of Ghana’s electricity. The economic viability reveals that electricity cost is $0.174/kWh and has a positive net present value of $2135550609.45 with a benefit-to-cost ratio of 1.26. The fossil diesel displaced is 1421.09 ML, and 3862.55 kt CO2eq of carbon emissions decreased corresponding to an annual reduction potential of 386.26 kt CO2eq. This accounts for reducing 10.26% of Ghana’s GHG emissions. The study demonstrates that hydrogen-based electricity production as an energy transition is a strategic innovation pillar to advance the circular bioeconomy and achieve sustainable development goals.展开更多
Electricity pricing is the core of the power institutional reform in China, which is related to not onlyinterests redistribution of all parties, but also health and security of the entire power industry. Only byaccele...Electricity pricing is the core of the power institutional reform in China, which is related to not onlyinterests redistribution of all parties, but also health and security of the entire power industry. Only byaccelerating the reform on pricing mechanism can sound development of the power industry be promoted.展开更多
Natural gas-fired electricity(NGFE) is expected to play a more important role in the future due to its characteristics of low pollution, high efficiency and flexibility. However, its development in China is impeded by...Natural gas-fired electricity(NGFE) is expected to play a more important role in the future due to its characteristics of low pollution, high efficiency and flexibility. However, its development in China is impeded by its high regulation price compared with coal power. Market reform is therefore of vital importance to promote the penetration of NGFE. The objective of this study is to analyze the impacts of market reform and the renewable electricity(RE) subsidy policy on the promotion of NGFE and RE. A dynamic game-theoretic model is developed to analyze the interaction among the NG supplier, the power sector and the power grid. Three scenarios are proposed with different policies, including a fixed regulation price of NG and electricity, real-time pricing(RTP) of NG and electricity, and subsidy targeted at RE. The results show that:(1) market reform can sharply decrease the NG price and consequently promote the development of NGFE and RE;(2) subsidy targeted at RE not only promotes the penetration of NGFE and RE, but also increases the utilization ratio of renewables significantly;(3) market reform and the subsidy also enhance consumers’ welfare by reducing their power consumption expenditure.展开更多
A new round of reform of the power system conforms to the national development of the energy revolution and the reform of the electricity market system. As an important promoter of the energy revolution and power refo...A new round of reform of the power system conforms to the national development of the energy revolution and the reform of the electricity market system. As an important promoter of the energy revolution and power reform, a new round of power system reform has brought profound changes to the energy industry and the power industry and the electricity market system has changed dramatically. With the release of the electricity market, market competition intensified. This paper analyzes the competition strategy of electricity sales market, analyzes the characteristics of market participants such as power generation enterprises, power grid enterprises, electricity sales companies and users, and puts forward the corresponding coping strategies to help the market participants to deal with the opportunities and challenges brought by power system reform, provide guidance and reference for the market participants.展开更多
This paper aims to explore the effects of market-oriented reforms on industrial technology progress.Based on a theoretical analysis,we performed an empirical study with a marketization index and panel data of high-tec...This paper aims to explore the effects of market-oriented reforms on industrial technology progress.Based on a theoretical analysis,we performed an empirical study with a marketization index and panel data of high-tech sectors in China.We found that market-oriented reforms had significantly propelled technology progress in China’s high-tech sectors,and the effects became more evident after China’s WTO entry.Market-oriented reforms induced technology progress by increasing capital allocation efficiency,R&D input,and technology diffusion.Among various aspects of market-oriented reforms,the institutional environment exerted the most significant effects,followed by the economy’s non-state sector,product market development,and factor market development;the government-market relationship index influenced technology’s progress the least.The effects are heterogeneous across sectors with different technology attributes and more significant for technology-intensive sectors.Our findings offer policy implications for China’s ongoing market-oriented reforms and policy design for technology progress in high-tech sectors.展开更多
This paper examines the impacts of market-oriented electricity reform on macroeconomic variables. It develops an ad hoc econometric model for this purpose, using a panel data of 19 developed countries plus seven Austr...This paper examines the impacts of market-oriented electricity reform on macroeconomic variables. It develops an ad hoc econometric model for this purpose, using a panel data of 19 developed countries plus seven Australian States for the period of 1970-2008. Significance of the impacts is firstly tested against three distinct institutional features of electricity reform, namely： （1） organizational restructuring （i.e., functional unbundling of traditionally vertically integrated industry）; （2） market restructuring （introduction of mandatory bid-based spot market）; and （3） privatization. The extents of the impacts are, then, quantified in terms of relative contribution of such institutional changes to aggregate output growth in short-run, medium-run and long-run. The results reveal that only functional unbundling has made significant contribution to output growth. The results, further, specify that functional unbundling has made, on average, an additional 0.06% and 2.7% contribution to output growth rate in medium-run and long-run respectively.展开更多
With the incessant development of power market reform,the existing cross-subsidy in electricity tariffs has become a critical problem in China's power industry development.On the basis of the theories of cross-sub...With the incessant development of power market reform,the existing cross-subsidy in electricity tariffs has become a critical problem in China's power industry development.On the basis of the theories of cross-subsidy and electricity universal service,the authors take foreign countries' experience as reference to design several solutions to cross-subsidies in electricity tariffs in different phases of China's power industry development.Furthermore,the application and implementation of these solutions are analyzed in this paper.展开更多
Based on the Ramsey theory-the foundation for the tiered electricity pricing mechanism, this article analyzes the effects of the tiered electricity pricing system on social justice, eff iciency and commodity prices, a...Based on the Ramsey theory-the foundation for the tiered electricity pricing mechanism, this article analyzes the effects of the tiered electricity pricing system on social justice, eff iciency and commodity prices, and concludes that the system would direct subsidies to flow into low income groups, and promote energy conservation and emissions reduction by restricting over-consumption of high income groups, without enormous effect on commodity prices. The key to designing the tiered system is how to estimate the amount of electricity use for each tier, so as to avoid excluding low income groups from the subsidy or including high income groups in the subsidy.展开更多
This paper summarizes the reforms happened in the Chinese electric power sector in recent years.Although some major measures for the electricity reforms have made progress in a phase sense,including direct trading bet...This paper summarizes the reforms happened in the Chinese electric power sector in recent years.Although some major measures for the electricity reforms have made progress in a phase sense,including direct trading between major electricity producers and consumers,energy-saving power dispatch and the increase of electricity prices,the deployment of these reforms into practice is facing more difficulties than expected.The author also gives an outlook for the electric power reform in the 12th Five-Year Plan period,and deems that the government may not take substantial steps to reform the electricity system.Reforms on the electricity system will continue in a more moderate manner and focus on electricity prices.展开更多
文摘Global crises, notably climate shocks, degraded ecosystems, and growing energy demand, enforce sustainable production and consumption pathways. A circular bioeconomy offers the opportunities to actualize resource and eco-efficiency enhancement, valorization of waste streams, reduction of fossil energy and greenhouse gas (GHG) emissions. Albeit biomass resources are a potential feedstock for bio-hydrogen (bio-H2) production, Ghana’s agricultural residues are not fully utilized. This paper examines the economic and environmental impact of bio-H2 electricity generation using agricultural residues in Ghana. The bio-H2 potential was determined based on biogas steam reforming (BSR). The research highlights that BSR could generate 2617 kt of bio-H2, corresponding to 2.78% of the global hydrogen demand. Yam and maize residues contribute 50.47% of the bio-H2 produced, while millet residues have the most negligible share. A tonne of residues could produce 16.59 kg of bio-H2 and 29.83 kWh of electricity. A total of 4,705.89 GWh of electricity produced could replace the consumption of 21.92% of Ghana’s electricity. The economic viability reveals that electricity cost is $0.174/kWh and has a positive net present value of $2135550609.45 with a benefit-to-cost ratio of 1.26. The fossil diesel displaced is 1421.09 ML, and 3862.55 kt CO2eq of carbon emissions decreased corresponding to an annual reduction potential of 386.26 kt CO2eq. This accounts for reducing 10.26% of Ghana’s GHG emissions. The study demonstrates that hydrogen-based electricity production as an energy transition is a strategic innovation pillar to advance the circular bioeconomy and achieve sustainable development goals.
文摘Electricity pricing is the core of the power institutional reform in China, which is related to not onlyinterests redistribution of all parties, but also health and security of the entire power industry. Only byaccelerating the reform on pricing mechanism can sound development of the power industry be promoted.
基金supported by Science Foundation of China University of Petroleum,Beijing(Nos.2462013YJRC015,2462014YJRC036)supported by Ministry of Education in China(MOE)Project of Humanities and Social Sciences(Project No.15YJC630195)
文摘Natural gas-fired electricity(NGFE) is expected to play a more important role in the future due to its characteristics of low pollution, high efficiency and flexibility. However, its development in China is impeded by its high regulation price compared with coal power. Market reform is therefore of vital importance to promote the penetration of NGFE. The objective of this study is to analyze the impacts of market reform and the renewable electricity(RE) subsidy policy on the promotion of NGFE and RE. A dynamic game-theoretic model is developed to analyze the interaction among the NG supplier, the power sector and the power grid. Three scenarios are proposed with different policies, including a fixed regulation price of NG and electricity, real-time pricing(RTP) of NG and electricity, and subsidy targeted at RE. The results show that:(1) market reform can sharply decrease the NG price and consequently promote the development of NGFE and RE;(2) subsidy targeted at RE not only promotes the penetration of NGFE and RE, but also increases the utilization ratio of renewables significantly;(3) market reform and the subsidy also enhance consumers’ welfare by reducing their power consumption expenditure.
文摘A new round of reform of the power system conforms to the national development of the energy revolution and the reform of the electricity market system. As an important promoter of the energy revolution and power reform, a new round of power system reform has brought profound changes to the energy industry and the power industry and the electricity market system has changed dramatically. With the release of the electricity market, market competition intensified. This paper analyzes the competition strategy of electricity sales market, analyzes the characteristics of market participants such as power generation enterprises, power grid enterprises, electricity sales companies and users, and puts forward the corresponding coping strategies to help the market participants to deal with the opportunities and challenges brought by power system reform, provide guidance and reference for the market participants.
基金by the General Program of the National Science Foundation of China(NSFC)“Study on the Effects of Factor Price Distortion on the Technology Sophistication of Exports from High-tech Sectors and Policy Response”(Grant No.71773107).
文摘This paper aims to explore the effects of market-oriented reforms on industrial technology progress.Based on a theoretical analysis,we performed an empirical study with a marketization index and panel data of high-tech sectors in China.We found that market-oriented reforms had significantly propelled technology progress in China’s high-tech sectors,and the effects became more evident after China’s WTO entry.Market-oriented reforms induced technology progress by increasing capital allocation efficiency,R&D input,and technology diffusion.Among various aspects of market-oriented reforms,the institutional environment exerted the most significant effects,followed by the economy’s non-state sector,product market development,and factor market development;the government-market relationship index influenced technology’s progress the least.The effects are heterogeneous across sectors with different technology attributes and more significant for technology-intensive sectors.Our findings offer policy implications for China’s ongoing market-oriented reforms and policy design for technology progress in high-tech sectors.
文摘This paper examines the impacts of market-oriented electricity reform on macroeconomic variables. It develops an ad hoc econometric model for this purpose, using a panel data of 19 developed countries plus seven Australian States for the period of 1970-2008. Significance of the impacts is firstly tested against three distinct institutional features of electricity reform, namely： （1） organizational restructuring （i.e., functional unbundling of traditionally vertically integrated industry）; （2） market restructuring （introduction of mandatory bid-based spot market）; and （3） privatization. The extents of the impacts are, then, quantified in terms of relative contribution of such institutional changes to aggregate output growth in short-run, medium-run and long-run. The results reveal that only functional unbundling has made significant contribution to output growth. The results, further, specify that functional unbundling has made, on average, an additional 0.06% and 2.7% contribution to output growth rate in medium-run and long-run respectively.
文摘With the incessant development of power market reform,the existing cross-subsidy in electricity tariffs has become a critical problem in China's power industry development.On the basis of the theories of cross-subsidy and electricity universal service,the authors take foreign countries' experience as reference to design several solutions to cross-subsidies in electricity tariffs in different phases of China's power industry development.Furthermore,the application and implementation of these solutions are analyzed in this paper.
文摘Based on the Ramsey theory-the foundation for the tiered electricity pricing mechanism, this article analyzes the effects of the tiered electricity pricing system on social justice, eff iciency and commodity prices, and concludes that the system would direct subsidies to flow into low income groups, and promote energy conservation and emissions reduction by restricting over-consumption of high income groups, without enormous effect on commodity prices. The key to designing the tiered system is how to estimate the amount of electricity use for each tier, so as to avoid excluding low income groups from the subsidy or including high income groups in the subsidy.
文摘This paper summarizes the reforms happened in the Chinese electric power sector in recent years.Although some major measures for the electricity reforms have made progress in a phase sense,including direct trading between major electricity producers and consumers,energy-saving power dispatch and the increase of electricity prices,the deployment of these reforms into practice is facing more difficulties than expected.The author also gives an outlook for the electric power reform in the 12th Five-Year Plan period,and deems that the government may not take substantial steps to reform the electricity system.Reforms on the electricity system will continue in a more moderate manner and focus on electricity prices.
