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《Resource Development & Market》 2017-05
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Construction of Cost-effectiveness Model of Greenhouse Gas Mitigation by Replacing Fossil Fuels with Bioenergy——From the Perspective of Time-value

GENG Ai-xin;YANG Hong-qiang;College of Economics and Management,Nanjing Forestry University;Research Center for Economics and Trade in Forest Products,SFA;Center for Changjiang River Delta's Socioeconomic Development,Nanjing University;  
The use of bioenergy was considered an essential alternative to fossil fuel consumption,thereby reducing greenhouse gas( GHG) emissions. This paper summarized and improved the accounting method from the perspective of time-value,establishing the cost-effectiveness model,which evaluated the cost-effectiveness of emission reductions. For this purpose,first of all,this paper combed the system boundary of greenhouse gas emissions and cost expenditures based on the life cycle assessment method. Secondly,according to the theories on the global worming potential and time-value,this paper summaried and improved the accounting model,translated the emissions occurring over time to an equivalent present emission which was similar to the time value of money,setting time value upon conventional cost-effectiveness calculations. Finally,this paper analyzed the mathematical structure of greenhouse gas emissions and cost expenditures according to the logical combing,combining operation mechanism of the cost-effectiveness in different scenarios to establish the cost-effectiveness model.Compared to conventional life cycle assessment and cost-effectiveness approaches,the assessment of ecological benefits and economic benefits had more similarities and comparability with considering the time-value,which were able to better offer more scientific theoretical support for the evaluation of cost effectiveness.
【Fund】: 国家社科基金重点项目“应对气候变化的中国林业国家碳库构建与预警机制研究”(编号:14AJY014);; 教育部人文社会科学研究规划基金项目“IPCC气候框架下中国林产品国际贸易的碳流动问题研究”(编号:13YJAZH114);; 江苏省高校“青蓝工程”中青年学术带头人项目(编号:2012-12#)
【CateGory Index】: TK6
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