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Author:

Yue, X. (Yue, X..) | Wang, C. (Wang, C..) | Sun, B. (Sun, B..) | Ren, H. (Ren, H..) | Tan, Y. (Tan, Y..) | Huang, L. (Huang, L..) | Feng, D. (Feng, D..) | Li, X. (Li, X..)

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EI Scopus SCIE

Abstract:

Carbon cap-and-trade mechanisms (CCT) and renewable portfolio standards (RPS) have been identified as effective administrative instruments for steering the conduct of electricity generation and promoting the adoption of renewable energy sources. However, the synergistic effects of these policies are often overlooked, and static implementation can limit their effectiveness. To address these gaps, this study employs a dynamic CCT and RPS framework, utilizing complex network evolutionary game theory to examine their influence on renewable energy diffusion. The findings reveal a distinct synergy between CCT and RPS in enhancing renewable energy diffusion, although these policies may occasionally result in redundancy or conflict. A static CCT combined with a dynamic RPS demonstrates greater efficacy in promoting renewable energy diffusion, while a dynamic CCT does not consistently increase renewable energy adoption. Additionally, renewable energy quota standards facilitate higher levels of diffusion. In perfectly competitive markets, renewable energy diffusion is more effective than in monopolistic environments. These insights offer valuable policy suggestions for stimulating renewable energy diffusion and expediting high-quality, low-carbon transitions. © 2023

Keyword:

Carbon cap-and-trade Complex network game theory Renewable portfolio standard Renewable energy

Author Community:

  • [ 1 ] [Yue X.]Food Safety Research Center, Wuhan Polytechnic University, Key Research Institute of Humanities and Social Science of Hubei Province, Wuhan, 430048, China
  • [ 2 ] [Yue X.]School of Management, Wuhan Polytechnic University, Wuhan, 430048, China
  • [ 3 ] [Wang C.]Research Base of Beijing Modern Manufacturing Development, College of Economics and Management, Beijing University of Technology, Beijing, 100124, China
  • [ 4 ] [Sun B.]National Engineering Laboratory for Industrial Big-data Application Technology, Faculty of Materials and Manufacturing, Beijing University of Technology, Beijing, 100124, China
  • [ 5 ] [Ren H.]School of Economics and Management, Beijing Jiaotong University, Beijing, 100044, China
  • [ 6 ] [Tan Y.]School of Management, Wuhan Polytechnic University, Wuhan, 430048, China
  • [ 7 ] [Huang L.]Food Safety Research Center, Wuhan Polytechnic University, Key Research Institute of Humanities and Social Science of Hubei Province, Wuhan, 430048, China
  • [ 8 ] [Huang L.]School of Management, Wuhan Polytechnic University, Wuhan, 430048, China
  • [ 9 ] [Feng D.]Beijing Institute of Economic and Social Development, Beijing, 101160, China
  • [ 10 ] [Li X.]School of Management Engineering, Shandong Jianzhu University, Jinan, 250101, China

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Source :

Journal of Cleaner Production

ISSN: 0959-6526

Year: 2023

Volume: 423

1 1 . 1 0 0

JCR@2022

ESI Discipline: ENGINEERING;

ESI HC Threshold:19

Cited Count:

WoS CC Cited Count: 0

SCOPUS Cited Count: 7

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 12

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