Cost-effectiveness Analysis on Measures to Improve China's Coal-fired Industrial Boiler

Liu, Manzhi; Shen, Bo; Han, Yafeng; Price, Lynn; Xu, Mingchao

doi:10.1016/j.egypro.2015.07.330

Title: Cost-effectiveness Analysis on Measures to Improve China's Coal-fired Industrial Boiler

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Abstract

Tackling coal-burning industrial boiler is becoming one of the key programs to solve the environmental problem in China. Assessing the economics of various options to address coal-fired boiler is essential to identify cost-effective solutions. This paper discusses our work in conducting a cost-effectiveness analysis on various types of improvement measures ranging from energy efficiency retrofits to switch from coal to other fuels in China. Sensitivity analysis was also performed in order to understand the impacts of some economic factors such as discount rate and energy price on the economics of boiler improvement options. The results show that nine out of 14 solutions are cost-effective, and a lower discount rate and higher energy price will result in more energy efficiency measures being cost-effective. Both monetary and non-monetary barriers to energy-efficiency improvement are discussed and policies to tackle these barriers are recommended. Our research aims at providing a methodology to assess cost-effective solutions to boiler problems.

Authors:

Liu, Manzhi ^[1]; Shen, Bo ^[2]; Han, Yafeng ^[3]; Price, Lynn ^[2]; Xu, Mingchao ^[4]

China Univ. of Mining and Technology, Xuzhou Jiangsu (China). School of Management; Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States). China Energy Group
Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States). China Energy Group
Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States). China Energy Group; Xi'an Jiaotong Univ., Xi'an Shanxi (China). School of Economics and Finance
Lawrence Berkeley National Laboratory, CA (United States). China Energy Group; China Energy Conservation and Environmental Protection Group, Beijing (China)

Publication Date:: Sat Aug 01 00:00:00 EDT 2015

Research Org.:: Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)

Sponsoring Org.:: USDOE

OSTI Identifier:: 1213693

Grant/Contract Number:: AC02-05CH11231

Resource Type:: Accepted Manuscript

Journal Name:: Energy Procedia (Online)

Additional Journal Information:: Journal Name: Energy Procedia (Online); Journal Volume: 75; Journal Issue: C; Conference: The 7th International Conference on Applied Energy; Journal ID: ISSN 1876-6102

Publisher:: Elsevier

Country of Publication:: United States

Language:: English

Subject:: 32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION; 01 COAL, LIGNITE, AND PEAT; Energy efficiency improvement; fuel switch; cost-effectiveness; coal-fired boiler; China

Citation Formats


                    Liu, Manzhi, Shen, Bo, Han, Yafeng, Price, Lynn, and Xu, Mingchao. Cost-effectiveness Analysis on Measures to Improve China's Coal-fired Industrial Boiler.  United States: N. p., 2015. 
Web.  doi:10.1016/j.egypro.2015.07.330.

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                    Liu, Manzhi, Shen, Bo, Han, Yafeng, Price, Lynn, & Xu, Mingchao. Cost-effectiveness Analysis on Measures to Improve China's Coal-fired Industrial Boiler.  United States.  https://doi.org/10.1016/j.egypro.2015.07.330

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                    Liu, Manzhi, Shen, Bo, Han, Yafeng, Price, Lynn, and Xu, Mingchao. Sat .  
"Cost-effectiveness Analysis on Measures to Improve China's Coal-fired Industrial Boiler".  United States.  https://doi.org/10.1016/j.egypro.2015.07.330.  https://www.osti.gov/servlets/purl/1213693.

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@article{osti_1213693,

  title        = {Cost-effectiveness Analysis on Measures to Improve China's Coal-fired Industrial Boiler},

  author       = {Liu, Manzhi and Shen, Bo and Han, Yafeng and Price, Lynn and Xu, Mingchao},

  abstractNote = {Tackling coal-burning industrial boiler is becoming one of the key programs to solve the environmental problem in China. Assessing the economics of various options to address coal-fired boiler is essential to identify cost-effective solutions. This paper discusses our work in conducting a cost-effectiveness analysis on various types of improvement measures ranging from energy efficiency retrofits to switch from coal to other fuels in China. Sensitivity analysis was also performed in order to understand the impacts of some economic factors such as discount rate and energy price on the economics of boiler improvement options. The results show that nine out of 14 solutions are cost-effective, and a lower discount rate and higher energy price will result in more energy efficiency measures being cost-effective. Both monetary and non-monetary barriers to energy-efficiency improvement are discussed and policies to tackle these barriers are recommended. Our research aims at providing a methodology to assess cost-effective solutions to boiler problems.},

  doi          = {10.1016/j.egypro.2015.07.330},

  journal      = {Energy Procedia (Online)},

  number       = C,

  volume       = 75,

  place        = {United States},

  year         = {Sat Aug 01 00:00:00 EDT 2015},

  month        = {Sat Aug 01 00:00:00 EDT 2015}

}

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