Abstract
Carbon dioxide is an important component and one of the contributors to greenhouse gas emissions. Taiwan has set new goals to reduce emissions by 23%-25% in 2030. However, electricity production in 2021 is still contributed by coal-fired power plants. This research explores potential carbon pricing strategies to decarbonize coal-fired power plants, which are carbon fees and carbon emission trading. This research uses a system dynamics framework for causal loop diagram development. This research creates a causal loop diagram to describe the carbon pricing strategy's impact on reducing carbon emissions.
| Original language | English |
|---|---|
| Pages (from-to) | 1650-1657 |
| Number of pages | 8 |
| Journal | Procedia Computer Science |
| Volume | 234 |
| DOIs | |
| Publication status | Published - 2024 |
| Event | 7th Information Systems International Conference, ISICO 2023 - Washington, United States Duration: 26 Jul 2023 → 28 Jul 2023 |
Keywords
- Carbon emission
- carbon emission trading
- carbon fee
- coal-fired power plant
- power sector
- system dynamics
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