Cost-benefit analysis of carbon dioxide capture and storage considering the impact of two different climate change mitigation regimes
Journal title ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT
Author/s Sebastiano Cupertino
Publishing Year 2013 Issue 2013/1
Language English Pages 17 P. 73-89 File size 485 KB
DOI 10.3280/EFE2013-001005
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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
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