Short-term CO₂ abatement in the European power sector
Name
2008-008.pdf
Size
1.33 MB
Format
Adobe PDF
Checksum (MD5)
a13827b33beb86400dffc44dc1a5365e
Author(s)
Delarue, Erik D.
Ellerman, A. Denny
D'haeseleer, W. D.
Date Issued
2008
Publisher
MIT Center for Energy and Environmental Policy Research
Series/Report no.
MIT-CEEPR (Series) ; 08-008WP.
Abstract
This paper focuses on the possibilities for short term abatement in response to a CO2 price through fuel switching in the European power sector. The model E-Simulate is used to simulate the electricity generation in Europe as a means of both gaining insight into the process of fuel switching and estimating the abatement in the power sector during the first trading period of the European Union Emission Trading Scheme. Abatement is shown to depend not only on the price of allowances, but also and more importantly on the load level of the system and the ratio between natural gas and coal prices. Estimates of the amount of abatement through fuel switching are provided with a lower limit of 35 million metric tons in 2005 and 19 Mtons in 2006.
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