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The influence of climate change on the allocation efficiency of new and tradition energy
Kuei-Ying Huang1, Yung-Ho Chiu1, Tzu-Han Chang1
1Department of Economics, Soochow University 56, Kueiyang St., Sec. 1, Taipei, 10048, Taiwan, Republic of China.
Abstract:
The purpose of this paper is to strengthen research concerning the impact of climate change on China's water resources, in order to avoid extreme weather events such as regional rainstorms and floods affecting the stable supply of energy and electricity. The goal is to reorganize energy industry allocation to make China's energy the most efficient, which would thus help achieve sustainable development goals. The biggest contribution and of this paper is not only to enlarge the scale and take into account the sustainable aspects, but also to consider climate change factors that have been ignored in the past as exogenous variables. For the first time, we take stock of the optimal allocation of new and tradition energy sources and carbon dioxide. This study uses the Dynamic ZSG-DDF model with exogenous variables and undesirable outputs to find a way to redistribute carbon dioxide, new energy, and tradition energy from different provinces on the premise of maximizing efficiency, thus achieving the goal of reducing carbon and saving the earth. The research results show that the energy efficiency of tradition energy is higher than that of new energy in various provinces. At the same time, the China government must comprehensively review the quota targets of new energy, tradition energy, and carbon dioxide (CO2) in each province as quickly as possible. Currently, the quotas of various provinces are seriously misplaced, and 26 provinces in total have great room for improvement.
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