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An economic and environmental assessment of carbon capture and storage (CCS) power plants - A case study for the city of Kiel

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  • Lindner, Sören
  • Peterson, Sonja
  • Windhorst, Wilhelm

Abstract

In 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.

Suggested Citation

  • Lindner, Sören & Peterson, Sonja & Windhorst, Wilhelm, 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 (IfW).
  • Handle: RePEc:zbw:ifwkwp:1527
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    References listed on IDEAS

    as
    1. 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.
    2. McDonald, Alan & Schrattenholzer, Leo, 2001. "Learning rates for energy technologies," Energy Policy, Elsevier, vol. 29(4), pages 255-261, March.
    3. Bob van der Zwaan & Reyer Gerlagh, 2008. "The Economics of Geological CO2 Storage and Leakage," Working Papers 2008.10, Fondazione Eni Enrico Mattei.
    4. Klaus S. Lackner & Jeffrey D. Sachs, 2005. "A Robust Strategy for Sustainable Energy," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 36(2), pages 215-284.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Coal fired power plants; carbon capture and storage (CCS); cash flow analysis; life cycle analysis;

    JEL classification:

    • 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 and their Management; Global Warming
    • Q59 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Other

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