TY - GEN
T1 - Towards Sustainable Energy Systems
T2 - 5th Power System and Green Energy Conference, PSGEC 2025
AU - Zhang, Haotian
AU - Xia, Peng
AU - Yuan, Bo
AU - Wang, Zhaohua
AU - Zhang, Bin
N1 - Publisher Copyright:
© 2025 IEEE.
PY - 2025
Y1 - 2025
N2 - Addressing climate change is one of the most pressing global challenges of the 21st century, with the energy sector being the largest source of greenhouse gas emissions. Effective policy measures, such as carbon pricing, are critical for driving the transition towards a low-carbon economy. This study develops a carbon-price-driven model to explore the impact of carbon pricing on energy consumption, CO2 emissions, and sectoral decarbonization under high, medium, and low carbon price scenarios from 2015 to 2060. The results show that a high carbon price significantly reduces fossil fuel use, accelerates renewable energy adoption, and achieves net-negative emissions by mid-century. In contrast, lower carbon prices result in slower emission reductions and continued fossil fuel dependence. The electricity sector is highly responsive, while cement and steel decarbonization progresses more slowly. These findings highlight the crucial role of ambitious carbon pricing in achieving longterm climate goals.
AB - Addressing climate change is one of the most pressing global challenges of the 21st century, with the energy sector being the largest source of greenhouse gas emissions. Effective policy measures, such as carbon pricing, are critical for driving the transition towards a low-carbon economy. This study develops a carbon-price-driven model to explore the impact of carbon pricing on energy consumption, CO2 emissions, and sectoral decarbonization under high, medium, and low carbon price scenarios from 2015 to 2060. The results show that a high carbon price significantly reduces fossil fuel use, accelerates renewable energy adoption, and achieves net-negative emissions by mid-century. In contrast, lower carbon prices result in slower emission reductions and continued fossil fuel dependence. The electricity sector is highly responsive, while cement and steel decarbonization progresses more slowly. These findings highlight the crucial role of ambitious carbon pricing in achieving longterm climate goals.
KW - Carbon Price
KW - Electricity Sector
KW - Energy Consumption Introduction (Heading 1)
KW - Integrated Assessment Model
UR - https://www.scopus.com/pages/publications/105017751421
U2 - 10.1109/PSGEC66102.2025.11151088
DO - 10.1109/PSGEC66102.2025.11151088
M3 - Conference contribution
AN - SCOPUS:105017751421
T3 - Proceedings - 2025 5th Power System and Green Energy Conference, PSGEC 2025
SP - 157
EP - 161
BT - Proceedings - 2025 5th Power System and Green Energy Conference, PSGEC 2025
A2 - Dong, Zhaoyang
A2 - Li, Guojie
A2 - Li, Zhigang
PB - Institute of Electrical and Electronics Engineers Inc.
Y2 - 20 August 2025 through 23 August 2025
ER -