The Impact Of Carbon Capture And Storage On A Decarbonized German Power Market
The European energy policy is substantially driven by the target to reduce the CO2-emissions significantly and to mitigate climate change. Nevertheless European power generation is still widely based on fossil fuels. The carbon capture and storage technology (CCS) could be part of an approach to achieve ambitious CO2 reduction targets without large scale transformations of the existing energy system. In this context the paper investigates in how far the CCS-technology could play a role in the European and most notably in the German electricity generation sector. To account for all the interdependencies with the European neighboring countries, the embedding of the German electricity system is modeled using a stochastic European electricity market model (E2M2s). After modeling the European side constraints, the German electricity system is considered in detail with the stochastic German Electricity market model (GEM2s). The focus is thereby on the location of CCS plant sites, the structure of the CO2-pipeline network and the regional distribution of storage sites. Results for three different European energy market scenarios are presented up to the year 2050. Additionally, the use of CCS with use of onshore and offshore sites is investigated.
|Date of creation:||Oct 2013|
|Date of revision:||Oct 2013|
|Contact details of provider:|| Postal: |
Phone: 0201 - 183 3633
Fax: 0201 - 183 2292
Web page: http://www.ewl.wiwi.uni-due.de
More information through EDIRC
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.:
- Abadie, Luis M. & Chamorro, José M., 2008. "European CO2 prices and carbon capture investments," Energy Economics, Elsevier, vol. 30(6), pages 2992-3015, November.
- Zephyr, 2010. "The city," City, Taylor & Francis Journals, vol. 14(1-2), pages 154-155, February.
- Lohwasser, Richard & Madlener, Reinhard, 2012. "Economics of CCS for coal plants: Impact of investment costs and efficiency on market diffusion in Europe," Energy Economics, Elsevier, vol. 34(3), pages 850-863.
- Peter Viebahn & Daniel Vallentin & Samuel Höller & Manfred Fischedick, 2012. "Integrated assessment of CCS in the German power plant sector with special emphasis on the competition with renewable energy technologies," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 17(6), pages 707-730, August.
- Nykvist, Björn, 2013. "Ten times more difficult: Quantifying the carbon capture and storage challenge," Energy Policy, Elsevier, vol. 55(C), pages 683-689.
- Lohwasser, Richard & Madlener, Reinhard, 2013.
"Relating R&D and investment policies to CCS market diffusion through two-factor learning,"
Elsevier, vol. 52(C), pages 439-452.
- Lohwasser, Richard & Madlener, Reinhard, 2010. "Relating R&D and Investment Policies to CCS Market Diffusion Through Two-Factor Learning," FCN Working Papers 6/2010, E.ON Energy Research Center, Future Energy Consumer Needs and Behavior (FCN).
- Kraeusel, Jonas & Möst, Dominik, 2012. "Carbon Capture and Storage on its way to large-scale deployment: Social acceptance and willingness to pay in Germany," Energy Policy, Elsevier, vol. 49(C), pages 642-651.
- McFarland, James R. & Herzog, Howard J., 2006. "Incorporating carbon capture and storage technologies in integrated assessment models," Energy Economics, Elsevier, vol. 28(5-6), pages 632-652, November.
- Lund, Henrik & Andersen, Anders N. & Østergaard, Poul Alberg & Mathiesen, Brian Vad & Connolly, David, 2012. "From electricity smart grids to smart energy systems – A market operation based approach and understanding," Energy, Elsevier, vol. 42(1), pages 96-102.
- Roman Mendelevitch & Johannes Herold & Pao-Yu Oei & Andreas Tissen, 2010. "CO2 Highways for Europe: Modeling a Carbon Capture, Transport and Storage Infrastructure for Europe," Discussion Papers of DIW Berlin 1052, DIW Berlin, German Institute for Economic Research.
- Otto, Vincent M. & Reilly, John, 2008. "Directed technical change and the adoption of CO2 abatement technology: The case of CO2 capture and storage," Energy Economics, Elsevier, vol. 30(6), pages 2879-2898, November.
- Lund, Henrik & Mathiesen, Brian Vad, 2012. "The role of Carbon Capture and Storage in a future sustainable energy system," Energy, Elsevier, vol. 44(1), pages 469-476.
- Labriet, Maryse & Kanudia, Amit & Loulou, Richard, 2012. "Climate mitigation under an uncertain technology future: A TIAM-World analysis," Energy Economics, Elsevier, vol. 34(S3), pages S366-S377.
- Hung-po Chao, 1983. "Peak Load Pricing and Capacity Planning with Demand and Supply Uncertainty," Bell Journal of Economics, The RAND Corporation, vol. 14(1), pages 179-190, Spring.
- Spiecker, Stephan & Vogel, Philip & Weber, Christoph, 2013. "Evaluating interconnector investments in the north European electricity system considering fluctuating wind power penetration," Energy Economics, Elsevier, vol. 37(C), pages 114-127.
- Szolgayova, Jana & Fuss, Sabine & Obersteiner, Michael, 2008. "Assessing the effects of CO2 price caps on electricity investments--A real options analysis," Energy Policy, Elsevier, vol. 36(10), pages 3974-3981, October.
When requesting a correction, please mention this item's handle: RePEc:dui:wpaper:1304. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Andreas Fritz)
If references are entirely missing, you can add them using this form.