An economic and environmental assessment of carbon capture and storage (CCS) power plants: a case study for the City of Kiel
AbstractIn the not too distant future several power plants throughout Europe will have to be replaced and the decision has to be made whether to build coal-fired power plants with carbon capture and storage (CCS). In a study for the city of Kiel in northern Germany only an 800�MW coal power plant reaches a required minimum for rentability. This study looks at an additional economic and environmental evaluation of a coal plant with CCS. We find that in two out of three carbon and energy price scenarios integrated gasification combined cycle (IGCC) plants with CCS have the greatest rentability. Pulverised coal (PC) plants with CCS can only compete with other options under very favourable assumptions. Life-cycle emissions from CCS are less than 70% of a coal plant - compared with at least more than 80% when only considering direct emissions from plants. However, life-cycle emissions are lower than in any other assessed option.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Journal of Environmental Planning and Management.
Volume (Year): 53 (2010)
Issue (Month): 8 ()
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Other versions of this item:
- Sören Lindner & Sonja Peterson & Wilhelm Windhorst, 2009. "An Economic and Environmental Assessment of Carbon Capture and Storage (CCS) Power Plants – A Case Study for the City of Kiel," Kiel Working Papers 1527, Kiel Institute for the World Economy.
- Q49 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Other
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
- Q59 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Other
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- Daiju Narita, 2008. "The Use of CCS in Global Carbon Management: Simulation with the DICE Model," Kiel Working Papers 1440, Kiel Institute for the World Economy.
- Barbara Praetorius & Katja Schumacher, 2008.
"Greenhouse Gas Mitigation in a Carbon Constrained World: The Role of Carbon Capture and Storage,"
Discussion Papers of DIW Berlin
820, DIW Berlin, German Institute for Economic Research.
- Praetorius, Barbara & Schumacher, Katja, 2009. "Greenhouse gas mitigation in a carbon constrained world: The role of carbon capture and storage," Energy Policy, Elsevier, vol. 37(12), pages 5081-5093, December.
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