The carbon performance of the 100 largest US electricity producers
AbstractEfforts towards decarbonizing the energy system have to focus on individual actors within the system. Their current and potential future stake in energy consumption and contribution to climate change has to be analyzed when formulating energy policies targeting system-wide reduction efforts. Focusing on firms, this paper develops a framework for the assessment of corporate carbon performance. We use this framework for an empirical assessment of the 100 largest US electricity producers within three different carbon scenarios. Our results show that in a scenario without changes in the US institutional environment electricity producers will not face a severe increase of their carbon exposure and only a small improvement regarding the carbon intensity of the electricity mix is achieved. In a scenario with more carbon-constrained US energy market conditions some companies face a financial risk from using and emitting carbon that more than triples compared to today. However, in a scenario with strong investments in renewable energy technologies the carbon dependency of electricity production can be significantly reduced. We discuss these findings from a climate policy and financial markets perspective.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Utilities Policy.
Volume (Year): 19 (2011)
Issue (Month): 2 (June)
Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/30478
External stakeholders Carbon constraints Climate change regulation Renewable energy Carbon scenarios;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Schleich, Joachim, 2009. "Barriers to energy efficiency: A comparison across the German commercial and services sector," Ecological Economics, Elsevier, vol. 68(7), pages 2150-2159, May.
- Sekar, Ram C. & Parsons, John E. & Herzog, Howard J. & Jacoby, Henry D., 2007. "Future carbon regulations and current investments in alternative coal-fired power plant technologies," Energy Policy, Elsevier, vol. 35(2), pages 1064-1074, February.
- Rohdin, Patrik & Thollander, Patrik & Solding, Petter, 2007. "Barriers to and drivers for energy efficiency in the Swedish foundry industry," Energy Policy, Elsevier, vol. 35(1), pages 672-677, January.
- Jacobsson, Staffan & Johnson, Anna, 2000. "The diffusion of renewable energy technology: an analytical framework and key issues for research," Energy Policy, Elsevier, vol. 28(9), pages 625-640, July.
- Kydes, Andy S., 2007. "Impacts of a renewable portfolio generation standard on US energy markets," Energy Policy, Elsevier, vol. 35(2), pages 809-814, February.
- Nagesha, N. & Balachandra, P., 2006. "Barriers to energy efficiency in small industry clusters: Multi-criteria-based prioritization using the analytic hierarchy process," Energy, Elsevier, vol. 31(12), pages 1969-1983.
- Blyth, William & Bradley, Richard & Bunn, Derek & Clarke, Charlie & Wilson, Tom & Yang, Ming, 2007. "Investment risks under uncertain climate change policy," Energy Policy, Elsevier, vol. 35(11), pages 5766-5773, November.
- Repetto, R. & Henderson, J., 2003. "Environmental exposures in the US electric utility industry," Utilities Policy, Elsevier, vol. 11(2), pages 103-111, June.
- Sun, J. W., 2005. "The decrease of CO2 emission intensity is decarbonization at national and global levels," Energy Policy, Elsevier, vol. 33(8), pages 975-978, May.
- Meier, Paul J. & Wilson, Paul P. H. & Kulcinski, Gerald L. & Denholm, Paul L., 2005. "US electric industry response to carbon constraint: a life-cycle assessment of supply side alternatives," Energy Policy, Elsevier, vol. 33(9), pages 1099-1108, June.
- Busch, Timo & Hoffmann, Volker H., 2007. "Emerging carbon constraints for corporate risk management," Ecological Economics, Elsevier, vol. 62(3-4), pages 518-528, May.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.