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Carbon-Neutral Power Transitions under Constraints: A Comparative Energy-Economic View of China, the United States and the European Union

制約下でのカーボンニュートラルな電力移行:中国、米国、欧州連合の比較エネルギー経済的視点 (AI 翻訳)

Xinrui Liu

Advances in Economics, Management and Political Sciences📚 査読済 / ジャーナル2026-03-16#エネルギー転換Origin: Global
DOI: 10.54254/2754-1169/2026.bj32208
原典: https://doi.org/10.54254/2754-1169/2026.bj32208

🤖 gxceed AI 要約

日本語

本論文は、中国、米国、EUの電力部門のカーボンニュートラル移行を比較。再生可能エネルギーの導入拡大に伴い、経済的ボトルネックが発電コストから柔軟性・送電へ移行することを示す。EUの排出権取引制度や米国の税額控除、中国の石炭併用型インフラなど、各国の政策の違いを分析し、柔軟性の価値と市場設計の重要性を強調。

English

This paper compares carbon-neutral power transitions in China, the US, and the EU. It finds that as renewable energy penetration increases, economic bottlenecks shift from generation costs to flexibility and grid transmission. It analyzes differing policy mixes—EU's ETS and market integration, US technology-neutral tax credits, China's coal-backup infrastructure—and highlights the need for flexibility compensation and robust market signals.

Unofficial AI-generated summary based on the public title and abstract. Not an official translation.

📝 gxceed 編集解説 — Why this matters

日本のGX文脈において

日本でも再生可能エネルギー拡大に伴い、柔軟性確保や系統制約が課題となっている。本稿の比較分析は、日本が政策設計(容量市場、MRV強化、送電網改革)を検討する際の参考となる。

In the global GX context

This comparative analysis of three major economies reveals how policy mixes and grid infrastructure shape decarbonization pathways. It offers global lessons on the rising importance of flexibility, market design, and system-wide cost optimization as VRE penetration grows.

👥 読者別の含意

🔬研究者:Provides a structured framework linking constraints, policy, and system costs in power sector decarbonization.

🏢実務担当者:Useful for power utilities and energy firms to understand how flexibility and market signals will affect investment and operations.

🏛政策担当者:Highlights the need for flexibility valuation, robust MRV, and grid reforms to achieve cost-effective carbon neutrality.

📄 Abstract(原文)

Carbon neutrality is currently accelerating the decarbonization process in the power sector. However, China, the United States, and the European Union are taking significantly different transformation paths. This article uses an energy economics framework to link binding system constraints, policy combinations, and the overall system costs to compare the differences among the three countries. This analysis integrates evidence from international assessments and peer-reviewed studies regarding the value and flexibility of variable renewable energy (VRE). The results show that as the share of renewable energy increases, economic bottlenecks shift from generation costs to flexibility and grid transmission: the marginal market value of wind and solar energy decreases as penetration rates increase, while the value of dispatchable system services increases. The EU's total control and trading system and market integration enhance long-term scarcity expectations, but without appropriate hedging designs, they increase the risk of short-term price fluctuations. The United States relies more on technology-neutral tax credits to reduce capital costs and accelerate deployment in the absence of a national carbon price. China combines large-scale clean infrastructure construction with continuous coal supply guarantees, which makes flexibility compensation, inter-provincial transmission, and reliable emission limits key to achieving cost-effective decarbonization. For China, the policy impact lies in regarding flexibility as a decarbonization asset, strengthening market signals through improved monitoring, reporting, and verification (MRV), and reducing power outages through grid and market reforms.

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