Simulating the interrelationships of carbon taxation, electric power costs, and solar PV installation

Amy J.C. Trappey*, Charles V. Trappey

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

1 Scopus citations

Abstract

Photovoltaic (PV) systems in Taiwan are affordable because of the country’s export oriented semi-conductor industry. Effectively promoting renewable energy to the public requires convincing policies and regulations, e.g., carbon taxation. If the marginal cost of reducing carbon dioxide emissions is lower than the carbon tax rate, the emission can be reduced effectively with increasing use of clean PV electricity. This research develops System Dynamics (SD) simulation models to evaluate the interrelationships of carbon taxation on PV system installations and the prices of fossil and green power supplies. SD models are built with scenarios to assess the results of different tax rates, emission reductions, electricity costs, and PV capacities. Data are collected from Taiwan Bureau of Energy (The statistics of carbon dioxide emissions from fuel combustion in Taiwan. Ministry of Economic Affairs, Taiwan, 2013, [17]) and international power and energy sectors to serve as a reference for policy makers to set green energy regulations.

Original languageEnglish
Title of host publicationLecture Notes in Mechanical Engineering
PublisherPleiades Publishing
Pages593-603
Number of pages11
DOIs
StatePublished - 1 Jan 2019

Publication series

NameLecture Notes in Mechanical Engineering
ISSN (Print)2195-4356
ISSN (Electronic)2195-4364

Keywords

  • Carbon tax
  • Photovoltaic system
  • Renewable and sustainable energy
  • System dynamics

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