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The promotion of sustainable development in China through the optimization of a tax/subsidy plan among HFC and power generation CDM projects

机译:通过优化氢氟碳化合物和发电CDM项目之间的税收/补贴计划来促进中国的可持续发展

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China is expected to reach record growth by 2020 in the energy sector by at least doubling its electricity generation capacity. In order to protect the environment and foster economic development, China will greatly benefit from transfers of state-of-the-art power generation technologies through international agreements such as the Clean Development Mechanism (CDM). However, a buyer-driven carbon market and a highly competitive environment due to more cost-effective projects attribute to China's need to achieve a balance between sustainability and profitability for CDM projects implemented in China.rnIn the CDM Tax/Subsidy Optimization Model (CDMTSO Model) here developed, a sustainable development assessment method evaluates the CDM projects' economic and environmental benefits and an optimization program returns tax/subsidy rates at which the greatest number of CDM technologies becomes viable and where "better" CDM projects can be the most profitable, bringing China's development on a more sustainable path.rnThe results show that the CDMTSO Model brings the sustainable CDM projects' Internal Rate of Return closed to 10%. If a discount rate of 9% is considered, it allows three clean energy technologies (natural gas combined cycle, wind energy, and hydropower) to become economically viable and the environmental costs avoided are increased by 37%.
机译:预计到2020年,中国的能源发电量将至少增加一倍,达到创纪录的增长。为了保护环境和促进经济发展,中国将通过诸如清洁发展机制(CDM)之类的国际协议,从最先进的发电技术的转让中受益。但是,由于具有成本效益的项目,买家驱动的碳市场和竞争激烈的环境归因于中国需要在中国实施的CDM项目实现可持续性与盈利能力之间的平衡。rn在CDM税收/补贴优化模型(CDMTSO模型)中)开发的一种可持续发展评估方法,用于评估CDM项目的经济和环境收益,并且优化计划会退还税率/补贴率,以使CDM技术数量最多,可行,而“更好”的CDM项目可以最赚钱,结果表明,CDMTSO模型使可持续的CDM项目的内部收益率接近10%。如果考虑9%的折现率,它将使三种清洁能源技术(天然气联合循环,风能和水力发电)在经济上可行,并且避免的环境成本将增加37%。

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