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Author:

Yue, Xiongping (Yue, Xiongping.) | Wang, Chao (Wang, Chao.) | Sun, Boxue (Sun, Boxue.) | Ren, Huanyu (Ren, Huanyu.) | Tan, Yong (Tan, Yong.) | Huang, Liling (Huang, Liling.) | Feng, Dan (Feng, Dan.) | Li, Xin (Li, Xin.)

Indexed by:

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.

Keyword:

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

Author Community:

  • [ 1 ] [Yue, Xiongping]Wuhan Polytech Univ, Key Res Inst Humanities & Social Sci Hubei Prov, Food Safety Res Ctr, Wuhan 430048, Peoples R China
  • [ 2 ] [Huang, Liling]Wuhan Polytech Univ, Key Res Inst Humanities & Social Sci Hubei Prov, Food Safety Res Ctr, Wuhan 430048, Peoples R China
  • [ 3 ] [Yue, Xiongping]Wuhan Polytech Univ, Sch Management, Wuhan 430048, Peoples R China
  • [ 4 ] [Tan, Yong]Wuhan Polytech Univ, Sch Management, Wuhan 430048, Peoples R China
  • [ 5 ] [Huang, Liling]Wuhan Polytech Univ, Sch Management, Wuhan 430048, Peoples R China
  • [ 6 ] [Wang, Chao]Beijing Univ Technol, Res Base Beijing Modern Mfg Dev, Coll Econ & Management, Beijing 100124, Peoples R China
  • [ 7 ] [Sun, Boxue]Beijing Univ Technol, Fac Mat & Mfg, Natl Engn Lab Ind Big Data Applicat Technol, Beijing 100124, Peoples R China
  • [ 8 ] [Ren, Huanyu]Beijing Jiaotong Univ, Sch Econ & Management, Beijing 100044, Peoples R China
  • [ 9 ] [Feng, Dan]Beijing Inst Econ & Social Dev, Beijing 101160, Peoples R China
  • [ 10 ] [Li, Xin]Shandong Jianzhu Univ, Sch Management Engn, Jinan 250101, Peoples R China
  • [ 11 ] [Sun, Boxue]Beijing Univ Technol, Coll Econ & Management, Pingleyuan 100, Beijing 100124, Peoples R China

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Source :

JOURNAL OF CLEANER PRODUCTION

ISSN: 0959-6526

Year: 2023

Volume: 423

1 1 . 1 0 0

JCR@2022

Cited Count:

WoS CC Cited Count:

SCOPUS Cited Count:

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 3

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