Pusat Kajian Kelestarian Global - Tesis

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Renewable Heat Policy And Its Implications On Climate Change In China
(2024-09)
Xiong, Chengcheng
This thesis focuses on the implications of different policy instruments on increasing the penetration of renewable heating in china, in line with the country's goals to peak its carbon emissions by 2030 and achieve carbon neutrality by 2060.This thesis employs a combination of qualitative and quantitative methodologies to analyse various policy instruments for increasing renewable heating penetration in china from 2018 to 2035. By utilizing text analysis, the efficiency of the current renewable heat policy system is evaluated, highlighting policy gaps compared to countries with high renewable heat penetration. The research reveals that china's renewable heat policy system is predominantly regulation-driven, suggesting the potential for market-oriented policies to play a more significant role. A customized recursive dynamic computable general equilibrium (cge) model is developed to forecast the impacts of different policy instruments. The dynamic simulation results indicate that subsidies can boost gross domestic product (gdp) and energy consumption while decreasing energy intensity, total carbon emissions, and carbon intensity by increasing the share of renewable energy in the energy mix.