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This paper compares the incentives a carbon dioxide emissions price creates for investment in low carbon dioxide-emitting technologies in the electricity sector. We consider the extent to which operational differences across generation technologies – particularly, nuclear, wind and solar photovoltaic – create differences in the incentives for new investment, which is measured by the operating profits of a potential entrant. First, astylized model of an electricity system demonstrates that the composition of the existing generation system may cause electricity prices to increase by different amounts over time when a carbon dioxide price is imposed. Differences in operation across technologies therefore translate...
This paper compares the incentives a carbon dioxide emissions price creates for investment in low carbon dioxide-emitting technologies in the electricity sector. We consider the extent to which operational differences across generation technologies – particularly, nuclear, wind and solar photovoltaic – create differences in the incentives for new investment, which is measured by the operating profits of a potential entrant. First, astylized model of an electricity system demonstrates that the composition of the existing generation system may cause electricity prices to increase by different amounts over time when a carbon dioxide price is imposed. Differences in operation across technologies therefore translate...
This paper approximates the emissions rebound effects' associated with substituting expensive and GHG emitting natural gas (LNG) power plants, with apparently cheaper and lower emitting nuclear plant. It then evaluates the effect this has on economy wide electricity use as well as net GHG emissions changes. The analysis is undertaken by combining aspects of an input-output model with an optimizing energy systems model. The scope of the case study is limited to the effects of the electricity sector (and its emissions) on the Korean economy from 2005 to 2030. Its primary basis (in terms of data and assumptions) is the recent national Basic Plan for Long-Term Electricity Supply and Demand (KPX, 2006).(2) The cases...
This paper compares the incentives a carbon dioxide emissions price creates for investment in low carbon dioxide-emitting technologies in the electricity sector. We consider the extent to which operational differences across generation technologies – particularly, nuclear, wind and solar photovoltaic – create differences in the incentives for new investment, which is measured by the operating profits of a potential entrant. First, astylized model of an electricity system demonstrates that the composition of the existing generation system may cause electricity prices to increase by different amounts over time when a carbon dioxide price is imposed. Differences in operation across technologies therefore translate...
This paper approximates the emissions rebound effects' associated with substituting expensive and GHG emitting natural gas (LNG) power plants, with apparently cheaper and lower emitting nuclear plant. It then evaluates the effect this has on economy wide electricity use as well as net GHG emissions changes. The analysis is undertaken by combining aspects of an input-output model with an optimizing energy systems model. The scope of the case study is limited to the effects of the electricity sector (and its emissions) on the Korean economy from 2005 to 2030. Its primary basis (in terms of data and assumptions) is the recent national Basic Plan for Long-Term Electricity Supply and Demand (KPX, 2006).(2) The cases...
This paper approximates the emissions rebound effects' associated with substituting expensive and GHG emitting natural gas (LNG) power plants, with apparently cheaper and lower emitting nuclear plant. It then evaluates the effect this has on economy wide electricity use as well as net GHG emissions changes. The analysis is undertaken by combining aspects of an input-output model with an optimizing energy systems model. The scope of the case study is limited to the effects of the electricity sector (and its emissions) on the Korean economy from 2005 to 2030. Its primary basis (in terms of data and assumptions) is the recent national Basic Plan for Long-Term Electricity Supply and Demand (KPX, 2006).(2) The cases...
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