270
L. Ren et al.
Fig. 7.29 Marginal abatement cost curve of a technology package of 25 abatement options for the
iron and steel industry in China with a 15% discount rate. Source Ren et al. 2019
7.5.2.3 Plans for Technology Renovation and Promotion
Chinese researcher Ma Ding conducted an analysis on carbon emission peaks of
various industries in China with China TIMES model. For iron and steel industry,
calculations were made for 30 technical renovations (technologies such as latent heat
recovery were taken into consideration, which was absent in Liang Xi’s research)
based on Catalogue of Key Energy Conservation and Emission Reduction Technologies published by NDRC, Guide for Advanced Applicable Technologies of Energy
Conservation and Emission Reduction published by MIIT and Catalogue of Key
Low Carbon Technologies for National Promotion published by NDRC in 2014.
With these documents as well as energy-saving and abatement performance, applicable conditions, maturity, reliability, investment cost and economic benefits, market
forecast and development potentials, etc., a development roadmap for low-carbon
technologies was drawn as illustrated in Fig. 7.30 (Ma 2015). Priority should be
given to technologies with lower application threshold and better cost effectiveness
so as to achieve 100% penetration, including waste heat recovery from rolling steel,
L. Ren et al.
Fig. 7.29 Marginal abatement cost curve of a technology package of 25 abatement options for the
iron and steel industry in China with a 15% discount rate. Source Ren et al. 2019
7.5.2.3 Plans for Technology Renovation and Promotion
Chinese researcher Ma Ding conducted an analysis on carbon emission peaks of
various industries in China with China TIMES model. For iron and steel industry,
calculations were made for 30 technical renovations (technologies such as latent heat
recovery were taken into consideration, which was absent in Liang Xi’s research)
based on Catalogue of Key Energy Conservation and Emission Reduction Technologies published by NDRC, Guide for Advanced Applicable Technologies of Energy
Conservation and Emission Reduction published by MIIT and Catalogue of Key
Low Carbon Technologies for National Promotion published by NDRC in 2014.
With these documents as well as energy-saving and abatement performance, applicable conditions, maturity, reliability, investment cost and economic benefits, market
forecast and development potentials, etc., a development roadmap for low-carbon
technologies was drawn as illustrated in Fig. 7.30 (Ma 2015). Priority should be
given to technologies with lower application threshold and better cost effectiveness
so as to achieve 100% penetration, including waste heat recovery from rolling steel,