Time and tide wait for no man: pioneers and laggards in the deployment of CCS
AbstractIn Europe the ambitions of individual countries to deploy carbon capture and storage (CCS) technologies are diverse. Reasons for this are, amongst other things, the heterogeneity of national electricity generation systems and storage capacities and the differences in the public perception of these technologies. In this analysis we investigate the consequences of partial deployment of CCS, i.e. we consider a situation where some European countries (the â€œpioneersâ€) actively deploy CCS technologies, while others (the â€œlaggardsâ€) do not use CCS. Our study focuses on the question whether it pays throughout to be a pioneer and whether laggards will generally be disadvantaged. In our assessment, we take into account impacts on consumers affected from rising electricity prices, electricity suppliers whose profits are influenced by changes in both electricity prices and sales, and international trade-flow changes (modifications in European electricity import/export patterns).
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Bibliographic InfoPaper provided by BC3 in its series Working Papers with number 2013-13.
Date of creation: Sep 2013
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Publication status: Published
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Carbon capture and storage (CCS); electricity generation; environmental technology; load dispatch approach.;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-10-02 (All new papers)
- NEP-ENE-2013-10-02 (Energy Economics)
- NEP-ENV-2013-10-02 (Environmental Economics)
- NEP-EUR-2013-10-02 (Microeconomic European Issues)
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