Title: Farm biomass photovoltaic distributed generation system delivers positive economic performance under carbon trading policy

Authors: Lixin Wu; Caiqing Zhang

Addresses: Department of Economics and Management, School of Economic Management, North China Electric Power University, North Yonghua Street, Huadian Road, LianchiDist, Baoding, 071000, China ' Department of Economics and Management, North China Electric Power University, Huadian Road, LianchiDist, Baoding, 071000, China

Abstract: Global warming amelioration is urgent, and farm biomass photovoltaic distributed generation (BPDG) can be effective in mitigating. Therefore, an economic operation optimisation of farm BPDG was carried out through modelling and solving to enhance the economy. The results showed that the system could reduce GHG emissions by 3148.15 t CO₂e per year, with net present value of $2,171,092.49 and internal rate of return of 17.79%. Through optimisation, farm BPDG shows considerable economic and environmental results. International readers and investors can be inspired and informed by the quantitative economic and environmental results.

Keywords: farm biomass photovoltaic distributed generation; BPDG; economic operation optimisation; economic analysis; monetisation of environmental benefits; life circle cycle costs.

DOI: 10.1504/IJGW.2024.139907

International Journal of Global Warming, 2024 Vol.33 No.4, pp.416 - 433

Received: 28 Feb 2024
Accepted: 12 Apr 2024
Published online: 09 Jul 2024 *

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