Feasibility Study of Nuclear Power Included in Carbon Trading Market: A Case Study of China's Carbon Market

Authors

  • Zekai Huang
  • Xiangqi Meng
  • Zongzhen Wang
  • Hao Yang

DOI:

https://doi.org/10.54097/hbem.v8i.7188

Keywords:

Renewable Energy Power Generation, Nuclear Power, Coordinated Dispatching.

Abstract

As an innovative economic and clean source of energy, now nuclear power is the most worthy of large-scale development in the world. Especially in China, the development of nuclear power is not only related to China's energy security, but also of great significance to economic development and international status. Mature and stable carbon emission market is also very important for the implementation of new energy technology. Therefore whenever it comes to carbon trading, as a derivative means for countries in the world to participate in global carbon emission control, it has developed rapidly in China in recent years. Through theoretical analysis and sample data analysis, this paper studies current policies and historical sources, finds out the possible mechanism for nuclear power to enter the carbon trading market, and describes the economic benefits of the combination of nuclear power and carbon trading market. The results show that there is a correlation and causality between nuclear power and other power generation methods and carbon market, and there is a large profit space when carbon trading is included. Nuclear power has potential value for inclusion in the carbon market.

Downloads

Download data is not yet available.

References

Hong Yuanxiao. Research on the EU carbon trading mechanism [J]. Modern Commerce and Industry, 2018, 39(22):2.

Song Deyong, Zhu Wenbo, Wang Banban. Carbon emission trading, quota allocation method and Green innovation of enterprises in China [J]. China's population, resources and environment, 2021, 31 (1): 37-47.

JOYEUX R, MILUNOVICH G. Testing market efficiency in the EU carbon futures market [J]. Applied Financial Economics, 2010, 20(10): 803-809.

Zhao Lixiang, Wang Lili. Research on the Effectiveness of China's Carbon Trading Secondary Market: A Case study of Carbon trading markets in Beijing, Shanghai, Guangdong and Hubei [J]. Scientific and technological progress and countermeasures, 2018, 35 (13): 34-40.

The Central People's Government of the People's Republic of China wrote on December 31, 2020, and published the management method of carbon emission trading (trial) in 2021.http://www.gov.cn/zhengce/zhengceku/2021-01/06/content_5577360.htm

ZhiHu. The Double Carbon Strategy study 2022, what is green electricity? What is green certificate? https://www.zhihu.com

National Energy Administration.The National Energy Administration issued the Measures for the operation and management of CDM projects. http://www.nea.gov.cn

ZhuHu. A user named China MRV answered on zhihu why nuclear power is not included in carbon trading 2022.https://www.zhihu.com.

Polaris Carbon Stewardship Network, Polaris Carbon Tube network released the CCER system related -- CCER development and market, said the CCER system series of relevant knowledge 2022. https://news.bjx.com.cn

China National Nuclear Power Corporation. China National Nuclear Power Corporation (CNNC) released the first installment of China's "carbon" secret nuclear power 2022. Carbon trading.https://www.cnnp.com.cn

Yuncaijing. The yuncaijing website published CGN: It will actively promote nuclear power into carbon emission trading, and CGN has 0.35% of the stock 2021.https://www.yuncaijing.com

Netscafe. A user named Netscarf posted about how the carbon cannon will impact nuclear power companies on xueqiu website 2021. https://xueqiu.com/

Power.IN-EN.com. Power.IN-EN Grid released Decoding Hualong One: Inheriting the Aspirations of a powerful country! Adhere to self-reliance to build a national name card, the source is China National Nuclear Corporation Limited 2022. https://power.in-en.com

GMW, GMW website published "Hualong One": China's nuclear power is like the name card of the world 2022.https://m.gmw.cn

QQ.com, A user called Chenlongfangwu posted: Are Europe and the United States in a panic? The world's first thorium reactor is located in China, thus solving the problem of electricity shortage 2022. https://xw.qq.com

Prachi Patel. Thorium Reactors in China [J]. Overview of Science and Technology, 2021(10):1.

XianjiChina.com, A Xianji user named Lvshuiqingshan posted "Your circle is really messy"! Green electricity, green certificate is not clear, who can help enterprises reduce carbon? 2021. https://www.xianjichina.com

Baidu. Jiemian News released the Fudan Carbon Price Index in July on Baidu: Affected by the supply shortage, it is expected that various CCER price indexes will rise 2022. https://baijiahao.baidu.com

A brief discussion on the national carbon trading pilot from the market perspective [J]. Energy Conservation and Environmental Protection, 2018(5):58-61.

Tan Ming. Discussion on development opportunities of electricity related industries under the policy of carbon peaking and carbon neutrality [J]. China Science and Technology Review, 2021(20):107-109,168.

Coordinated dispatch and development of renewable energy generation and nuclear power generation [J]. China electric power, 2020, 53(2):105-111.

Huang Wenjie, Yang Guang, Liu Da. Calculation method and role of nuclear power in carbon emission mitigation in China [J]. East China electric power, 2009, 37(4):529-532.

A brief discussion on the national carbon trading pilot from the market perspective [J]. Energy Conservation and Environmental Protection, 2018(5):58-61.

Coordinated dispatch and development of renewable energy generation and nuclear power generation [J]. China electric power, 2020, 53(2):105-111.

Downloads

Published

11-04-2023

How to Cite

Huang, Z., Meng, X., Wang, Z., & Yang, H. (2023). Feasibility Study of Nuclear Power Included in Carbon Trading Market: A Case Study of China’s Carbon Market. Highlights in Business, Economics and Management, 8, 180-188. https://doi.org/10.54097/hbem.v8i.7188