Wenhui Zhao1, Yibo Yin1,*, Lu Mao2, Konglu Zhong3, Guanghui Yuan4, Hai Huang5, Yige Yang6
Energy Engineering, Vol.118, No.4, pp. 1009-1026, 2021, DOI:10.32604/EE.2021.014650
Abstract Changes in the energy price system will determine the direction of evolution of the energy industry structure. As a country where coal is the dominant energy source, what is the effect of coal price fluctuations on China’s industry development costs and energy consumption structure? To investigate this problem, this paper utilized an economy–energy–environment computable general equilibrium model. In this study, four aspects were analyzed: Energy supply side, proportion of renewable energy consumption, macroeconomy, and changes in CO2 emissions. The results of this study show that an increase of 10%–20% in coal prices contributes to a shift into using renewable energy,… More >
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