Cost-benefit analysis of carbon dioxide capture and storage considering the impact of two different climate change mitigation regimes

Titolo Rivista ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT
Autori/Curatori Sebastiano Cupertino
Anno di pubblicazione 2013 Fascicolo 2013/1 Lingua Inglese
Numero pagine 17 P. 73-89 Dimensione file 485 KB
DOI 10.3280/EFE2013-001005
Il DOI è il codice a barre della proprietà intellettuale: per saperne di più clicca qui

Qui sotto puoi vedere in anteprima la prima pagina di questo articolo.

Se questo articolo ti interessa, lo puoi acquistare (e scaricare in formato pdf) seguendo le facili indicazioni per acquistare il download credit. Acquista Download Credits per scaricare questo Articolo in formato PDF

Anteprima articolo

FrancoAngeli è membro della Publishers International Linking Association, Inc (PILA)associazione indipendente e non profit per facilitare (attraverso i servizi tecnologici implementati da CrossRef.org) l’accesso degli studiosi ai contenuti digitali nelle pubblicazioni professionali e scientifiche

This study examines a typical decision-making process aimed at assessing the merits of constructing a new coal-fired power plant with three possible investment options: two with different Carbon Dioxide Capture and Storage (CCS) plants and one without. A Costs-Benefits Analysis (CBA) is carried out considering that the industrial investment may be affected by two alternative climate change mitigation regimes. The results show the impact of specific climate change mitigation regimes on the balance between the financial value and the socio-economic implications of investment in a CCS oxy-combustion or post-combustion plant. Therefore, this study aims to define which CCS plant option is the optimal investment choice that could be considered a financial and socio-economically sustainable climate change strategy.

Keywords:Carbon Capture and Storage technology, climate change, Costs-Benefits Analysis, oxy-combustion/post-combustion plant

Jel codes:Q51, Q54, Q55, Q58

  1. de Bruyn S., Korteland M., Markowsa A., Davidson M., de Jong F., Bles M., Sevenster M. (2010). Shadow prices handbook. Valuating and weighting of emissions and environmental impacts. Delft: CE Delft.
  2. Florio M., Maffii S., Atkinson G., De Rus G., Evans D., Ponti M., Genco M., Parolin R., Vignetti S., Bollatti J., Giglio M., Panza G., Sartori D. (2008). Guide to cost-benefit analysis of investment projects. Structural funds, cohesion fund and instrument for pre-accession. Bruxelles: European Commission Directorate General Regional Policy Edition.
  3. Florio M., Myles G. (2011). Public investment and cost-benefit analysis in the EU. Fiscal Studies, 32, 1: 3-9. DOI: 10.1111/j.1475-5890.2011.00125.x
  4. Girardi G., Giammartini S., Calabrò A., Deiana P. (2008). Tecnologie per la cattura e lo stoccaggio della CO2. Rome: ENEA.
  5. Golombek R., Greaker M., Kittelsen S.A.C., Røgeberg O., Roar Aune F. (2011).
  6. Carbon capture and storage technologies in the European power market. The Energy Journal, 32, 3: 209-237. DOI: 10.5547/ISSN0195-6574-EJ-Vol32-No3-8
  7. Greenpeace (2008). The true cost of coal. How people and the planet are paying the price for the world’s dirtiest fuel. November 27, 2008 Greenpeace International, Amsterdam.
  8. Hammond G.P., Ondo Akwe S.S., Williams S. (2011). Techno-economic appraisal of sossil-fuelled power generation systems with carbon capture and storage. Energy, 36: 975–984. DOI: 10.1016/j.energy.2010.12.012
  9. Hardisty P.E., Sivapalan M., Brooks P. (2011). The environmental and economic sustainability of carbon capture and storage. International Journal of Environmental Research and Public Health, 8: 1460–1477. DOI: 10.3390/ijerph8051460
  10. IEA (2008). CO2 capture and storage. A key carbon abatement option. Paris: OECD/IEA.
  11. IEA (2010). Projected costs of generating electricity. Paris: OECD/IEA. IEA (2011). World energy outlook 2011. Paris: OECD/IEA. DOI: 10.1787/weo-2011-en
  12. IPCC (2005). Special report on carbon dioxide capture and storage. Cambridge: Cambridge University Press.
  13. Ϊşlegen Ӧ., Reichelstein S., (2011). Carbon capture by fossil fuel power plants: an economic analysis. Management Science, 57, 1: 21–39.
  14. Lackner K.S., Sachs J.D. (2005). A Robust Strategy for Sustainable Energy. Brookings Papers on Economic Activity, 2: 215–69. DOI: 10.1353/eca.2006.0007
  15. Loria E., Pettinau A., Amorino C., Porcu M. (2011). Techno-economic feasibility study and environmental performance analysis of a power generation plant with CCS system. Energia, Ambiente e Innovazione (ed. ENEA), 1-2/2011, 65–76.
  16. Nordhaus W.D. (2008). A question of balance. Weighing the options on global warming policies. New Haven & London: Yale University Press.
  17. Pacala S., Socolow R. (2004). Stabilization wedges: solving the climate problem for the next 50 years with current technologies. Science, 305(5686):968–72. DOI: 10.1126/science.1100103
  18. Sevenster M., Croezen H., van Valkengoed M., Markowska A., Dönszelmann E. (2008). External costs of coal. Delft: CE Delft.
  19. Singh B., Strømman A.H., Hertwich E.G. (2012). Environmental damage assessment of carbon capture and storage. Application of end-point indicators. Journal of Industrial Ecology, 16, 3. DOI: 10.1111/j.1530-9290.2012.00461.x
  20. Stern N. (2007). The economics of climate change. The Stern review. Cambridge: Cambridge University Press.
  21. Tol R.S.J. (2009). The economic effects of climate change. The Journal of Economic Perspectives, 23, 2: 29–51. DOI: 10.1257/jep.23.2.29
  22. van den Broeck M., Veenendaal P., Koutsaal P., Turkenburg W., Faaij A. (2011).
  23. Impact of international climate policies on CO2 capture and storage deployment.
  24. Illustrated in the Dutch energy system. Energy Policy, 39: 2000–2019. DOI: 10.1016/j.enpol.2011.01.036
  25. van der Zwaan B., Gerlagh R. (2008). The economics of geological CO2 storage and leakage. Nota di lavoro // Fondazione Eni Enrico Mattei: CCMP, Climate change modelling and policy, No. 2008,10, http://hdl.handle.net/10419/40647.
  26. Voll D., Wauschkuhn A., Hartel R., Genovese M., Fichtner W. (2012). Cost estimation of fossil fuel power plants with carbon capture and storage. Energy Procedia, 23: 333–342. DOI: 10.1016/j.egypro.2012.06.038
  27. Weizman M.L. (2009). On modeling and interpreting the economics of catastrophic climate change. The Review of Economics and Statistics, 91, 1: 1–19. DOI: 10.1162/rest.91.1.1

Sebastiano Cupertino, Cost-benefit analysis of carbon dioxide capture and storage considering the impact of two different climate change mitigation regimes in "ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT" 1/2013, pp 73-89, DOI: 10.3280/EFE2013-001005