Operational lifecycle carbon value of bus electrification in Macau

The economic value of carbon emission reduction in the electrification of buses is of concern in practical and academic fields. The aim of this paper, which focuses on direct and indirect carbon emissions, is to study the economic value of the carbon emission reduction of bus electrification in an operational lifecycle carbon footprint, with the empirical data sourced from the bus electrification in Macau. First, it proposes the methodology to evaluate the operational lifecycle carbon value of bus electrification (OLCVBE). Second, it analyses the distinct impacts of internal determinants on OLCVBE. Third, it discusses the determinants' characteristics for OLCVBE. The results indicate that (1) OLCVBE may be a carbon debt, but it is not a carbon asset in some situations; (2) OLCVBE is determined by the carbon emission coefficients of both electric power and fossil fuel, buses' electric or fossil fuel consumption levels, buses' terminations, carbon price and discounted rate; and (3) as a comparison, electric power's embedded carbon emission coefficient has the biggest impact on OLCVBE, then carbon price and the electric consumption have the second or third biggest impacts, and the annual driving distance of buses has relative less impact. This paper provides a new perspective to study the economic and environmental effects of bus electrification.