Research on Carbon Emission Reduction Investment Decision of Power Energy Supply Chain—Based on the Analysis of Carbon Trading and Carbon Subsidy Policies

This study examines the carbon reduction investment decisions of the electric power energy supply chain considering carbon trading and carbon subsidy policies in China’s “dual carbon” context. By building a three-level supply chain system including electric power producers, retailers, and consumers,...

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Bibliographic Details
Published in:Energies (Basel) 2022-09, Vol.15 (17), p.6151
Main Authors: Che, Cheng, Zheng, Huixian, Geng, Xin, Chen, Yi, Zhang, Xiaoguang
Format: Article
Language:English
Subjects:
Air quality management
Carbon dioxide
Carbon offsets
carbon subsidy policy
carbon trading policy
Climate change
Cooperation
Decision making
Developing countries
Economic aspects
Electric power
electric power supply chain
Electricity distribution
Emissions control
Emissions trading
Energy consumption
energy enterprises investment
Energy industry
Environmental aspects
Environmental tax
Government subsidies
International organizations
LDCs
Logistics
Power supply
Revenue sharing
Supply chains
Sustainable consumption
Sustainable development
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Summary:This study examines the carbon reduction investment decisions of the electric power energy supply chain considering carbon trading and carbon subsidy policies in China’s “dual carbon” context. By building a three-level supply chain system including electric power producers, retailers, and consumers, we discuss the optimal decision-making problem of the supply chain for three models of decentralized supply chain decision making without government subsidies, centralized supply chain decision making with government subsidies, and centralized supply chain decision making with government subsidies and carbon emission reduction cost sharing. Through model solving and further numerical simulations, the results showed that the increase in carbon emission reduction investment cost has a significant negative impact on power price and the total expected income of the supply chain. However, a reasonable level of government carbon emission reduction subsidy can effectively alleviate the increase in power price and improve the total expected income of supply chain. In addition, carbon mission reduction investment and supply chain cost allocation can effectively improve the carbon emission reduction level of the power supply chain, improve the income and enthusiasm of electric power producers, and realize the sustainable development of electric power energy consumption and the environment.
ISSN:1996-1073
1996-1073
DOI:10.3390/en15176151