The synergistic effect between Renewable Portfolio Standards and carbon emission trading system: A perspective of China

• Published in: Renewable energy Vol. 211; pp. 1010 - 1023
• Main Authors: Lei, Xu, Xin-gang, Zhao
• Format: Journal Article
• Language: English
• Published: Elsevier Ltd 01.07.2023
• Subjects: alternative energy industry; carbon; Carbon emission trading; China; dynamic models; electricity; energy; markets; prices; renewable energy sources; Renewable Portfolio Standards; social welfare; synergism; Synergistic effect; System dynamics; systems engineering; Tradable green certificates; China; Tradable green certificates; Renewable Portfolio Standards; Carbon emission trading; System dynamics; Synergistic effect

Renewable Portfolio Standards (RPS) and carbon emission trading (CET) system are the top-level system design of China's energy low-carbon transformation, which have great strategic significance for realizing the “carbon peak in 2030 and carbon neutrality in 2060”. At present, China's trada...