Can Inner Mongolia Learn from Zhejiang’s Low-Carbon Policy?—Comparative Analysis Based on the EPS Model

Abstract

Based on the energy policy simulation model (EPS model) and the reality of Zhejiang Province and Inner Mongolia Autonomous Region, the carbon pricing policy scenario and the early retirement policy scenario of coal power generation units were constructed, respectively, and the policy effects simulated. The study explored whether Inner Mongolia Autonomous Region can learn from the low-carbon policies that have played a good role in Zhejiang Province in the process of achieving a carbon peak. The research found that: (1) Under the baseline scenario, both Zhejiang Province and Inner Mongolia Autonomous Region failed to achieve a carbon peak by 2030. (2) Under the scenarios of carbon pricing and early retirement of coal power generation units, the peak time of carbon in Zhejiang Province and Inner Mongolia Autonomous Region has been advanced, which shows the effectiveness of carbon pricing and early retirement of coal power generation units. (3) The above two policies have achieved good results in the overall implementation process of Zhejiang Province, but the carbon pricing policy has caused dramatic fluctuations in the power generation in Inner Mongolia Autonomous Region, and the early retirement policy of coal power units has failed to achieve the goal of reaching the peak carbon in Inner Mongolia Autonomous Region on schedule.