Energy from waste: generation potential and mitigation opportunity
The present research proposes a macroeconomic assessment of the role of waste incineration with energy recovery (WtE) and controlled landfill biogas to electricity generation and their potential contribution to a CO 2 emission reduction policy, within a recursive-dynamic computable general equilibrium model. From the modeling viewpoint, introducing these energy sectors in such a framework required both the extension of the GTAP7 database and the improvement of the ICES production nested function. We focus our analysis on Italy as a signatory of the GHG reduction commitment of 20 % by 2020 with respect to 1990 levels proposed by the European Community; the rest of the world is represented by 21 geo-political countries/regions. It is shown that albeit in the near future WtE and landfill biogas will continue to represent a limited share of energy inputs in electricity sector (in Italy, around 2 % for WtE and 0.6 % for biogas in 2020), and they could play a role in a mitigation policy context. The GDP cost of the EU emission reduction target for the Italian economy can indeed be reduced by 1 % when the two energy generating options are available. In absolute terms, this translates into an annuitized value of 87–122 million €. Copyright Springer 2012
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Volume (Year): 14 (2012)
Issue (Month): 4 (October)
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- Gottinger, Hans W., 1998. "Greenhouse Gas Economics and Computable General Equilibrium," Journal of Policy Modeling, Elsevier, vol. 20(5), pages 537-580, October.
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