Declining renewable costs, emissions trading, and economic growth: china’s power system at the crossroads

HIGHLIGHTS

• who: Yidan Chen and colleagues from the School of Environment, Tsinghua University, Beijing, China have published the research work: Declining Renewable Costs, Emissions Trading, and Economic Growth: Chinau2019s Power System at the Crossroads, in the Journal: Energies 2023, 656 of /2023/
• what: Using a detailed forecasting model for China`s economy, the authors show how falling renewable energy technology costs can interact with market-based ETS mitigation schemes to deliver dramatic GHG reductions with net positive aggregate economic growth.
• future: In the business as usual (BAU) scenario the productivity of renewables is assumed . . .
  

   

  

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