Coal is the dominating energy source in China. Although the supply and demand of coal has kept equilibrium along with China's continuous and steady economic development in recent years, the sustainable production ability has been seriously decreasing. In this paper, a system dynamics model is...

In this research, the impact of the European Emission Trading Scheme (EU ETS) on the corporate value of European electricity corporations has been measured, and a comparison study of the impact between phase I and phase II of the EU ETS has been performed. To achieve this, a modified multifactor...

Energy efficiency is an important factor in developing energy policies as it represents the extent to which resources support economic output. In recent literature, relevant studies have mainly focused on aggregate energy efficiency, but rarely touched on the marginal efficiency of diverse...

China has been experiencing industrialization and urbanization since reform and opening of its economy in 1978. Energy consumption in the country has featured issues such as a coal-dominated energy mix, low energy efficiency and high emissions. Thus, it is of great importance to explore the...

This paper applies portfolio theory to evaluate China's 2020-medium-term plans for generating technologies and its generating portfolio. With reference to the risk of relevant generating-cost streams, the paper discusses China's future development of efficient (Pareto optimal) generating...

Using Malmquist Index Decomposition, this paper investigates energy efficiency of China's iron and steel sector during the period 1994–2003. Provincial panel data is employed, allowing various energy inputs and product outputs. The energy efficiency improvement is decomposed into two...

OVX (Crude oil volatility index), as a measure of oil market uncertainty and new volatility derivatives published by CBOE (Chicago Board Options Exchange) during the 2008 global financial crisis, provides a direct prediction of the market's expectation for future 30-day crude oil price...

Carbon tax is an effective option for internalizing climate change and correcting market failure, an optimal set of carbon taxes can result in superior carbon mitigation. Then what is the optimal trajectory of carbon tax under various carbon-constrained scenarios, and what are the impacts of...

We evaluate the potential of China's pendent carbon tax policy in CO2 (carbon dioxide) mitigations from the perspective of interfactor/interfuel substitution. The analysis is conducted by region given that interfactor/interfuel elasticities of substitution are often discrepant among different...

This paper focuses on the investment decision to retrofit an existing supercritical pulverized coal (SCPC) unit with carbon capture and storage (CCS) technology. We establish a valuation model with discrete sequential investment decision-making based on real options theory, and we consider the...