Subcategories

"The Economics of Transition in the Power Sector" by William Blyth

Posted By: exLib
"The Economics of Transition in the Power Sector" by William Blyth

"The Economics of Transition in the Power Sector" by William Blyth
IEA Energy Papers
OECD, IEA | 2010 | ISBN: n/a | 34 pages | PDF | 2 MB

This report identifies the importance of risk factors in the economics of transition by illustrating the case of investment in the power sector.



Power generation from fossil fuel is one of the largest sources of greenhouse gas emissions, representing 41% of global energy-related CO2 emissions. Combined with the fact that there are a number of low-carbon technologies available for generating electricity, the sector is therefore a key policy target for delivering near-term and long-term reductions in emissions.
To a great extent, the transition to a lowcarbon power sector means dealing with coal plants, which is the largest contributor, accounting for 73% of global power sector CO2 emissions, and particularly those from the United States, Europe and China, which contribute 17%, 9% and 24% respectively of global power sector CO2 emissions.

Table of Contents
1 Introduction – Global context
2 US coal case study
3 Plant refurbishment options
4 Micro-economics of refurbish vs. replace decisions
4.1 The need for a micro-economic perspective
4.2 The option value of waiting
4.3 Key drivers of option value
4.4 Implications for refurbishment vs. replacement
5 The wider power system context
6 Conclusions
Appendix – Model assumptions

with TOC BookMarkLinks