Work

Optimizing Corporate Energy Choices: A Framework for the Net-Zero Emissions Transition

Year: 2025

Type: article

Abstract: For the net-zero emission goal by 2050, the government of Taiwan has mandated large electricity consumers to utilize 10% green electricity to mitigate carbon emissions. Major enterprises face challenges in selecting appropriate green power options and integrating the benefits of carbon reduction into corporate governance decision-making. This study aims to optimize the combination of various green power options through a system dynamics approach, incorporating existing power purchase conditions and electricity consumption data from enterprises. In addition, by utilizing financial estimations with the monetization of environmental benefits, we constructed a more complete evaluation model for enterprises transitioning to green power. The results indicate low investment returns in various green energy portfolios. However, if power storage equipment is utilized to participate in auxiliary services, the investment return of green energy can be significantly enhanced. This evaluation model is also available online for business professionals across various sectors to explore and reference.

Source: Energies

DOI: 10.3390/en18071582

Authors: Chun-Hsu Lin, Lih-Chyi Wen, Jia-Cheh Lo

Institution: Chung-Hua Institution for Economic Research

Language: English

Topic: Renewable energy and sustainable power systems

Subfield: Renewable Energy, Sustainability and the Environment

Field: Energy

Domain: Physical Sciences

SDGs: Climate action, Affordable and clean energy, Industry, innovation and infrastructure

Open Access status: gold

Estimated APC paid: $3,137