Cost increase in the electricity supply to achieve carbon neutrality in China

Cost increase in the electricity supply to achieve carbon neutrality in China The Chinese government has set long-term carbon neutrality and renewable energy (RE) development goals for the power sector. Despite a precipitous decline in the costs of RE technologies, the external costs of renewable intermittency and the massive investments in new RE capacities would increase electricity costs. Here, we develop a power system expansion model to comprehensively evaluate changes in the electricity s...