New Carbon Emissions Allowance Allocation Method Based on Equilibrium Strategy for Carbon Emission Mitigation in the Coal-Fired Power Industry

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Abstract

The carbon emissions from coal-fired power have become an increasing concern to governments around the world. In this paper, a carbon emissions allowances allocation based on the equilibrium strategy is proposed to mitigate coal-fired power generation carbon emissions, in which the authority is the lead decision maker and the coal-fired power plants are the follower decision makers, and an interactive solution approach is designed to achieve equilibrium. A real-world case study is then given to demonstrate the practicality and efficiency of this methodology. Sensitivity analyses under different constraint violation risk levels are also conducted to give authorities some insights into equilibrium strategies for different stakeholders and to identify the necessary tradeoffs between economic development and carbon emissions mitigation. It was found that the proposed method was able to mitigate coal-fired power generation carbon emissions significantly and encourage coal-fired power plants to improve their emissions performance.

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Irreversible climate change due to carbon dioxide emissions.

Susan Solomon, Gian-Kasper Plattner, Reto Knutti … (2009)

The severity of damaging human-induced climate change depends not only on the magnitude of the change but also on the potential for irreversibility. This paper shows that the climate change that takes place due to increases in carbon dioxide concentration is largely irreversible for 1,000 years after emissions stop. Following cessation of emissions, removal of atmospheric carbon dioxide decreases radiative forcing, but is largely compensated by slower loss of heat to the ocean, so that atmospheric temperatures do not drop significantly for at least 1,000 years. Among illustrative irreversible impacts that should be expected if atmospheric carbon dioxide concentrations increase from current levels near 385 parts per million by volume (ppmv) to a peak of 450-600 ppmv over the coming century are irreversible dry-season rainfall reductions in several regions comparable to those of the "dust bowl" era and inexorable sea level rise. Thermal expansion of the warming ocean provides a conservative lower limit to irreversible global average sea level rise of at least 0.4-1.0 m if 21st century CO(2) concentrations exceed 600 ppmv and 0.6-1.9 m for peak CO(2) concentrations exceeding approximately 1,000 ppmv. Additional contributions from glaciers and ice sheet contributions to future sea level rise are uncertain but may equal or exceed several meters over the next millennium or longer.