NDLI: Economic comparison of greenhouse gas mitigation options in Germany

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Economic comparison of greenhouse gas mitigation options in Germany

Content Provider	Springer Nature Link
Author	Sands, Ronald D. Schumacher, Katja
Copyright Year	2008
Abstract	Our objective is to provide a balanced analysis of greenhouse gas mitigation options, across a variety of climate policy scenarios, for Germany. At least four classes of greenhouse gas mitigation options are available: energy efficiency, fuel switching, CO$_{2}$ capture and storage (CCS), and reductions in emissions of non-CO$_{2}$ greenhouse gases. These options vary by cost, timing, and our ability to represent them in an economic analysis. We use the Second Generation Model, an economy-wide computable general equilibrium (CGE) model that embodies greenhouse gas mitigation possibilities from the energy system and CCS. Policy scenarios are represented as a response to varying levels of a price for greenhouse gas emissions, either applied economy-wide or targeted at energy-intensive sectors of the economy according to the EU emissions trading scheme. Energy efficiency options are represented in the standard CGE format where non-energy inputs substitute for energy inputs within economic production functions, or system of consumer demand equations, as the price of energy increases relative to other goods. The electric power sector provides substantial opportunities for fuel switching and the deployment of advanced electricity-generating technologies, with and without CO$_{2}$ capture and storage. Our methodology relies on engineering descriptions of electricity-generating technologies and how their competitive positions vary with a CO$_{2}$ price or change in fuel price. Further, we allow for reduction of emissions of non-CO$_{2}$ gases, which adds a set of mitigation opportunities not usually included in energy-economic modeling efforts. A formal decomposition methodology is used to isolate the contribution of each greenhouse gas mitigation option.
Starting Page	17
Ending Page	36
Page Count	20
File Format	PDF
ISSN	1570646X
Journal	Energy Efficiency
Volume Number	2
Issue Number	1
e-ISSN	15706478
Language	English
Publisher	Springer Netherlands
Publisher Date	2008-10-16
Publisher Place	Dordrecht
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Greenhouse gas mitigation options Energy efficiency Fuel switch Carbon dioxide capture and storage Non-CO$_{2}$ greenhouse gases General equilibrium modeling Economic effects Climate policy Renewable and Green Energy Energy Economics Environmental Economics Environment
Content Type	Text
Resource Type	Article
Subject	Energy

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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