Energy and environment: Reducing CO2 emissions from the electric power industry

The production (cost) structure of electric power generation in view of CO2 emissions reduction policies is investigated. The role of uncontrolled CO2 emissions in shaping the production structure of the industry is empirically analyzed. Long-run strategies are explored for reducing CO2 emissions ge...

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Bibliographic Details
Published in:Journal of policy modeling 1996-08, Vol.18 (4), p.343-376
Main Authors: Vassos, Spyros, Andrikopoulos, Andreas, Vlachou, Andriana
Format: Article
Language:English
Subjects:
Carbon dioxide
Economic models
Economic theory
Electric power
Electric utilities
Emission standards
Energy policy
Environmental policy
Studies
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Summary:The production (cost) structure of electric power generation in view of CO2 emissions reduction policies is investigated. The role of uncontrolled CO2 emissions in shaping the production structure of the industry is empirically analyzed. Long-run strategies are explored for reducing CO2 emissions generated by the industry. The findings supplied by the economic-engineering model suggest policy options, which are not presently in use, to reduce CO2 emissions. Specifically, the findings indicate that lignite generation can be replaced by natural gas, coal or lignite technologies with CO2 removal capabilities, hydro and other renewable generating technologies. Effective carbon tax policies leading to least-cost expansion plans depend on the size of the target and its timing.
ISSN:0161-8938
1873-8060
DOI:10.1016/0161-8938(95)00065-8