IDEAS home Printed from https://ideas.repec.org/a/eee/appene/v80y2005i2p197-212.html
   My bibliography  Save this article

An economic analysis of a clean-development mechanism project: a case introducing a natural gas-fired combined heat-and-power facility in a Chinese industrial area

Author

Listed:
  • Kosugi, Takanobu
  • Tokimatsu, Koji
  • Zhou, Weisheng

Abstract

A case study of the installation of a combined heat-and-power (CHP) facility as a potential clean-development mechanism (CDM) project in an industrial area in China was undertaken using a newly developed mathematical programming model. The model was developed to optimize the installation capacity of the CHP under constraints on electricity-and-heat supply and demand balances, etc. Energy cost and emissions of CO2 and SOx were also calculated with the model. Parametric surveys were carried out for natural gas and CHP capital prices, which inherently include large uncertainties; the resultant calculations revealed that in some cases the CHP would be voluntarily (i.e., without financial support from an investor's country) introduced in China, and that in some cases the CHP could be certified as a CDM project with financial support by the investor country. In some combinations of parameters, the value of CO2 emission reduction credit offsets the CHP capital price, although shared allocation of economic profits yielded by the CDM project between the two countries greatly mitigated the restraints on the project, while at the same time qualifying it for the CDM.

Suggested Citation

  • Kosugi, Takanobu & Tokimatsu, Koji & Zhou, Weisheng, 2005. "An economic analysis of a clean-development mechanism project: a case introducing a natural gas-fired combined heat-and-power facility in a Chinese industrial area," Applied Energy, Elsevier, vol. 80(2), pages 197-212, February.
    • Handle: RePEc:eee:appene:v:80:y:2005:i:2:p:197-212
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0306-2619(04)00053-4
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tsikalakis, A.G. & Hatziargyriou, N.D., 2007. "Environmental benefits of distributed generation with and without emissions trading," Energy Policy, Elsevier, vol. 35(6), pages 3395-3409, June.
    2. Li, Yajun & Xia, Yan, 2013. "DES/CCHP: The best utilization mode of natural gas for China’s low carbon economy," Energy Policy, Elsevier, vol. 53(C), pages 477-483.
    3. Zhang, Chi & Yan, Jinyue, 2015. "CDM’s influence on technology transfers: A study of the implemented clean development mechanism projects in China," Applied Energy, Elsevier, vol. 158(C), pages 355-365.
    4. Liu, Liuchen & Zhu, Tong & Pan, Yu & Wang, Hai, 2017. "Multiple energy complementation based on distributed energy systems – Case study of Chongming county, China," Applied Energy, Elsevier, vol. 192(C), pages 329-336.
    5. Giaccone, L. & Canova, A., 2009. "Economical comparison of CHP systems for industrial user with large steam demand," Applied Energy, Elsevier, vol. 86(6), pages 904-914, June.
    6. Badami, M. & Camillieri, F. & Portoraro, A. & Vigliani, E., 2014. "Energetic and economic assessment of cogeneration plants: A comparative design and experimental condition study," Energy, Elsevier, vol. 71(C), pages 255-262.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:appene:v:80:y:2005:i:2:p:197-212. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.