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| Srl | Item |
| 1 |
ID:
118843
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| Publication |
2013.
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| Summary/Abstract |
We investigate the impacts on the biophysical economy, employment and environment of a transition scenario to an energy-efficient, 100% renewable electricity (RE) system by 2060, based on wind, solar and biomass technologies, and an introduction of electric vehicles. We employ a CSIRO process-based model of the physical activity of Australia's economy and environmental resources, the Australian Stocks and Flows Framework. The RE systems are assumed to be manufactured in Australia to identify possible employment benefits. In comparison with the business-as-usual (BAU) scenario, on a national scale, the RE scenario has much lower economy-wide net emissions, remaining below contemporary levels and becoming zero in the electricity sector by 2060. Compared with BAU, the RE scenario also has significantly lower industrial water use, somewhat higher materials use, slightly lower unemployment, lower net foreign debt (relative to a GDP proxy) and, resulting from the growth in electric vehicles, reduced oil imports. The GDP per capita growth, based on the physical stocks of capital and labour, is virtually the same in both scenarios. Hence, from the viewpoint of the biophysical economy, there are no major barriers to implementing policies to facilitate the transition to a 100% renewable electricity system for Australia.
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| 2 |
ID:
181439
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| Summary/Abstract |
As one of the important measures for China's power system reform, the electricity bidding pricing (EBP) is helpful to realize the effective allocation of power resources. Based on price conduction theory and complex network modeling technology, we construct the price transmission network for the 76 economic sectors in China, identify the critical path of electricity price transmission, and empirically simulate and analyze the economic impact of EBP in different scenarios from the two aspects of whether the CEPL mechanism is implemented or not. The results indicate that the electricity price will be decreased directly by the EBP, and the electricity industry will significantly reduce the impact on other related industries. Particularly, affected by regulatory policies such as electricity price cap, the electricity price caused by EBP cannot be effectively transmitted to the upstream industries. Secondly, with the simultaneous implementation of the coal-electricity price linkage (CEPL) and the EBP, the coal-electricity price transmission will change from one-way conduction style to two-way interaction style, and the impact of electricity price fluctuations on its related industries will be more significant, while the comprehensive impact of the coal industry on its associated industries will be significantly reduced. Thirdly, there are obvious scenario differences in the impact of different intensity of EBP on the macro-economy. The results show that under the mechanism of CEPL, the EBP with 20% of the total power used for bidding pilot has minimal impact on the Chinese economy. Based on the above conclusions, we propose that China should scientifically determine the scale and the pilot regions of electricity bidding under the CEPL, develop more diversified bidding forms and improve more robust supervision system.
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