Abstract

Under the market environment of low carbon, whether renewable energy can obtain the power for sustainable development, promote the goal of the whole society and make money for investors depends on the rational optimization of power investment capacity and achieving power generation resources coordinated scheduling. This study constructs an expansion model of the generation capacity investment taking oligopoly, policy tools, carbon emissions trading right and green certificate system into account and uses the case analysis of the impact of ETS mechanism and the Tradable Green Certificate mechanism on power generation enterprises investment capacity with Newton KKT interior-point method. This study can also provide a strong decision basis for policy making.

Keywords:

Carbon emissions trading, generation capacity investment model, green certificate, Newton KKT interior-point method, oligopoly,

References

Competing interests

The authors have no competing interests.

Open Access Policy

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Copyright

The authors have no competing interests.