An Economic and Environmental Assessment of Carbon Capture and Storage (CCS) Power Plants – A Case Study for the City of Kiel
AbstractIn the next years several power plants throughout Europe have to be replaced and the questions is 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 a 800 MW coal power plant reaches a required minimum rentability. We use the study for an additional economic and environmental evaluation of a coal plant with CCS. We find that integrated gasification combined cycle (IGCC) plants with CCS have in two out of three carbon and energy price scenarios the largest rentability. Pulverized 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 to at least more than 80% when only considering direct emissions from plants. Still, life-cycle emissions are lower than in any other assessed option
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Bibliographic InfoPaper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number 1527.
Length: 24 pages
Date of creation: Jun 2009
Date of revision:
coal fired power plants; carbon capture and storage (CCS); cash flow analysis; life cycle analysis;
Other versions of this item:
- Soren Lindner & Sonja Peterson & Wilhelm Windhorst, 2010. "An economic and environmental assessment of carbon capture and storage (CCS) power plants: a case study for the City of Kiel," Journal of Environmental Planning and Management, Taylor and Francis Journals, vol. 53(8), pages 1069-1088.
- 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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-07-11 (All new papers)
- NEP-BEC-2009-07-11 (Business Economics)
- NEP-ECM-2009-07-11 (Econometrics)
- NEP-ORE-2009-07-11 (Operations Research)
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.:
- 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.
- 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.
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