Electricity Imports Versus Nuclear Reactivation in the Thermal Power Transition: The Role of Sustainable Finance
學年 114
學期 2
出版（發表）日期 2026-06-04
作品名稱 Electricity Imports Versus Nuclear Reactivation in the Thermal Power Transition: The Role of Sustainable Finance
作品名稱（其他語言）
著者 Zhao, Y., Chiu, S. C., Lin, J. H., Chang, C. H., Tsai, J. Y.
單位
出版者
著錄名稱、卷期、頁數 Energies
摘要 The transition of thermal power systems toward lower-carbon electricity raises a critical strategic question: whether to rely on cross-border electricity imports or reactivate domestic nuclear capacity under supply constraints. This study examines the trade-offs between these alternatives within a sustainable finance framework. A contingent-claim model is developed in which a life insurer provides long-term financing to a biomass-energy supplier, a thermal power plant, and a nuclear power plant operating under carbon-pricing regulation. The framework links electricity-market decisions with financial risk valuation, allowing the joint effects of biomass utilization, carbon regulation, electricity imports, and nuclear-security risks to be evaluated. The results show that biomass integration and tighter carbon regulation reduce short-term profitability in thermal generation but support longrun decarbonization. Cross-border electricity imports improve system flexibility and reduce operational volatility, strengthening the financial position of thermal producers. In contrast, nuclear-security disruptions significantly increase default risk for nuclear assets, reflecting their exposure to operational and regulatory uncertainty. By integrating energy-transition strategies with contingent-claim valuation, the analysis highlights the role of financial intermediation in shaping investment incentives and risk allocation in the electricity sector. The findings suggest that coordinated policies combining market integration, low-carbon transition strategies, and stable financing mechanisms can enhance system resilience.
關鍵字 electricity market integration; nuclear reactivation; thermal power transition; sustainable finance; carbon regulation
語言 en
ISSN
期刊性質 國外
收錄於 SCI
產學合作
通訊作者
審稿制度 1
國別 GBR
公開徵稿
出版型式 ,電子版
SDGS 可負擔的潔淨能源,產業創新與基礎設施,氣候行動,夥伴關係