Estimating stranded coal assets in China's power sector |
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| Affiliation: | 1. School of Economics and Management, North China Electric Power University, Changping, Beijing, 102206, People''s Republic of China;2. Heinz College, Carnegie Mellon University, Pittsburgh, PA, 15213, United States;3. Institute of Energy, Peking University, Beijing, 100871, People''s Republic of China;4. School of Computing and Information Systems, Singapore Management University, Singapore, 178902, Singapore;5. Beijing Key Laboratory of New Energy and Low-Carbon Development (North China Electric Power University), Changping, Beijing, 102206, People''s Republic of China;1. Mercator Research Institute on Global Commons and Climate Change, Torgauer Staße 12-15, 10829 Berlin, Germany;2. Potsdam Institute for Climate Impact Research, Leibniz Association, Telegrafenberg, 14473 Potsdam, Germany;3. Technical University of Berlin, Department Economics of Climate Change, Straße des 17. Juni 145, 10623 Berlin, Germany;4. University of Potsdam, Faculty of Economic and Social Sciences, August-Bebel-Straße 89, 14482 Potsdam, Germany;5. Department of Economics, Kiel University, Olshausenstraße 40, 24118 Kiel, Germany;1. School of Economics and Management, North China electric power university, Beijing 102206, China;2. Ningxia Key Laboratory of Intelligent Sensing for Desert Information, School of Physics & Electrical Information Engineering, Ningxia University, Yinchuan, China;3. School of Engineering and Applied Sciences, Harvard University, Cambridge, MA 02138, USA;1. School of Electrical and Electronic Engineering, North China Electric Power University, Beijing, 102206, China;2. School of Economics and Management, North China Electric Power University, Beijing, 102206, China;3. Beijing Key Laboratory of New Energy and Low-Carbon Development (North China Electric Power University), Changping, Beijing, 102206, China |
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| Abstract: | China has suffered overcapacity in coal power since 2016. With growing electricity demand and an economic crisis due to the Covid-19 pandemic, China faces a dilemma between easing restrictive policies for short-term growth in coal-fired power production and keeping restrictions in place for long-term sustainability. In this paper, we measure the risks faced by China's coal power units to become stranded in the next decade and estimate the associated economic costs for different shareholders. By implementing restrictive policies on coal power expansion, China can avoid 90% of stranded coal assets by 2025. |
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| Keywords: | China Coal power Overcapacity Stranded assets |
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