Simulation of Technology Diffusion and Carbon Market Mechanism in Petrochemical Industry for Carbon Emission Reduction

DOI

10.2991/978-94-6463-676-5_69How to use a DOI?

Keywords

Energy-saving; Technologies diffusion; Carbon trading; Petrochemical industry

Abstract

In the realm of petrochemical production, the implementation of advanced urea synthesis technology, comprehensive energy-saving and carbon-reduction techniques for oil refining and heating furnaces, as well as integrated methods for the balanced treatment of oil, gas, and water, can significantly diminish lower carbon emissions and energy consumption. At present, more and more high-energy-consuming industries such as petrochemicals will gradually enter the Chinese carbon market. These industries can reduce carbon emissions through energy-saving measures, and convert these carbon emissions into quotas to trade in the market to make profits and realize the appreciation of carbon assets. This paper examines the impact of technology diffusion on the participation of petrochemical enterprises in carbon trading, focusing on the advanced energy-saving technologies prevalent in the industry. The findings indicate that established petrochemical facilities tend to opt for technological upgrades when quota allocations are lenient, whereas newly established facilities are more inclined to adopt new technologies under stricter quota conditions. In the initial phase of carbon market operations, it is advisable to implement lenient quotas to facilitate technological upgrades and enhance energy efficiency in existing petrochemical plants, with a gradual tightening of quotas as the market matures.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Yuzhuo Zhang
AU  - Jie Ma
AU  - Qing Liu
AU  - Chengjie Wang
AU  - Haifeng Zheng
PY  - 2025
DA  - 2025/04/15
TI  - Simulation of Technology Diffusion and Carbon Market Mechanism in Petrochemical Industry for Carbon Emission Reduction
BT  - Proceedings of the 2024 6th Management Science Informatization and Economic Innovation Development Conference (MSIEID 2024)
PB  - Atlantis Press
SP  - 716
EP  - 725
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-676-5_69
DO  - 10.2991/978-94-6463-676-5_69
ID  - Zhang2025
ER  -