A balanced local carbon price does not illustrate a clear relationship with the
reduction ratio. When CO 2 emissions are reduced by 40%, a relatively low carbon
price of 0.01 USD/kg CO 2 is sufficient to balance bilateral benefits. Local generation
capacity also increases gradually. The PV system is not employed, and natural gas
power plants are the dominant option until the reduction ratio approaches 80%.
References
Ren H, Wu Q, Ren J, Gao W (2014) Cost-effectiveness analysis of local energy management based
on urban-rural cooperation in China. Appl Thermal Eng 64(1-2):224–232
Nagata Y (2009) The effectiveness of technology options on large-scale CO2 emission reduction
toward 2050 in Japan. Research report of Central Research Institute of Electric Power Industry.
Central Research Institute of Electric Power Industry, Kanagawa, pp 1–26
New Energy and Industrial Technology Development Organization (NEDO) (2010) http://www.
nedo.go.jp/english/index.html
Kojima A, Takahama H, Ashizawa M (2007) Survey and analysis of domestic biomass combustion
power generation system. Research report of Central Research Institute of Electric Power
Industry. Central Research Institute of Electric Power Industry, Kanagawa, pp 1–37
Ruan Y, Liu Q, Zhou W, Firestone R, Gao W, Watanabe T (2009) Optimal option of distributed
generation technologies for various commercial buildings. Appl Energy 86(9):1641–1653
Xu P (2008) Study on energy conservation and performance of vacuum tube solar water heater.
Mater thesis, The University of Kitakyushu, 25–35
150
H. Ren and W. Zhou
reduction ratio. When CO 2 emissions are reduced by 40%, a relatively low carbon
price of 0.01 USD/kg CO 2 is sufficient to balance bilateral benefits. Local generation
capacity also increases gradually. The PV system is not employed, and natural gas
power plants are the dominant option until the reduction ratio approaches 80%.
References
Ren H, Wu Q, Ren J, Gao W (2014) Cost-effectiveness analysis of local energy management based
on urban-rural cooperation in China. Appl Thermal Eng 64(1-2):224–232
Nagata Y (2009) The effectiveness of technology options on large-scale CO2 emission reduction
toward 2050 in Japan. Research report of Central Research Institute of Electric Power Industry.
Central Research Institute of Electric Power Industry, Kanagawa, pp 1–26
New Energy and Industrial Technology Development Organization (NEDO) (2010) http://www.
nedo.go.jp/english/index.html
Kojima A, Takahama H, Ashizawa M (2007) Survey and analysis of domestic biomass combustion
power generation system. Research report of Central Research Institute of Electric Power
Industry. Central Research Institute of Electric Power Industry, Kanagawa, pp 1–37
Ruan Y, Liu Q, Zhou W, Firestone R, Gao W, Watanabe T (2009) Optimal option of distributed
generation technologies for various commercial buildings. Appl Energy 86(9):1641–1653
Xu P (2008) Study on energy conservation and performance of vacuum tube solar water heater.
Mater thesis, The University of Kitakyushu, 25–35
150
H. Ren and W. Zhou