MIT Libraries homeMIT Libraries logoDSpace@MIT

MIT
View Item 
  • DSpace@MIT Home
  • Center for Global Change Science
  • Joint Program on the Science and Policy of Global Change Reports
  • View Item
  • DSpace@MIT Home
  • Center for Global Change Science
  • Joint Program on the Science and Policy of Global Change Reports
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Representing energy technologies in top-down economic models using bottom-up information

Author(s)
McFarland, James R.; Reilly, John M.; Herzog, Howard J.
Thumbnail
DownloadMITJPSPGC_Rpt89.pdf (294.3Kb)
Terms of use
http://mit.edu/globalchange/www/abstracts.html#a89
Metadata
Show full item record
Abstract
This paper uses bottom-up engineering information as a basis for modeling new technologies within the MIT Emissions Prediction and Policy Analysis (EPPA) model, a computable general equilibrium model of the world economy. Natural gas combined cycle (NGCC) without carbon capture and sequestration (CCS), natural gas combined cycle with CCS, and integrated coal gasification with CCS power generation technologies are introduced into the EPPA model. These compete in the electricity sector with conventional fos sil generation, nuclear, hydro, wind, and biomass power generation. Engineering cost data are used together with EPPA data, including the underlying Social Accounting Matrix (SAM) and supplementary physical energy accounts, to assure that technologies, w h en simulated within the model, meet thermodynamic efficiency limits, and that they reflect regional differences in the cost structure of the electric sector. Alternative capital vintaging approaches are investigated and an explicit treatment of market p enetration of new technologies is developed. Simulations through 2100 show the introduction of the new technologies and their decline as fuel and input prices, and carbon policies, change. A general result is that NGCC plants with or without capture, wh il e currently less costly methods of abating carbon emissions from the electric sector based on engineering data, play only a limited and short-term role in meeting carbon limits. By 2050 the coal CCS plants, currently the most costly of the three techno logies, dominate in the simulated policy scenarios because rising gas prices raise the cost of the gas-based technologies.
Description
Abstract in HTML and technical report in PDF available on the Massachusetts Institute of Technology Joint Program on the Science and Policy of Global Change Website. (http://mit.edu/globalchange/www/)
 
Includes bibliographical references (p. 22).
 
Date issued
2002-10
URI
http://mit.edu/globalchange/www/abstracts.html#a89
http://hdl.handle.net/1721.1/3555
Publisher
MIT Joint Program on the Science and Policy of Global Change
Other identifiers
no. 89
Series/Report no.
Report no. 89

Collections
  • Joint Program on the Science and Policy of Global Change Reports

Browse

All of DSpaceCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsThis CollectionBy Issue DateAuthorsTitlesSubjects

My Account

Login

Statistics

OA StatisticsStatistics by CountryStatistics by Department
MIT Libraries homeMIT Libraries logo

Find us on

Twitter Facebook Instagram YouTube RSS

MIT Libraries navigation

SearchHours & locationsBorrow & requestResearch supportAbout us
PrivacyPermissionsAccessibility
MIT
Massachusetts Institute of Technology
Content created by the MIT Libraries, CC BY-NC unless otherwise noted. Notify us about copyright concerns.