![Internalizing externalities of electricity generation: An analysis with MESSAGE-MACRO [An article from: Energy Policy]](https://www.ebooknetworking.net/books/B00/0PC/bigB000PC6LNS.jpg)
Internalizing externalities of electricity generation: An analysis with MESSAGE-MACRO [An article from: Energy Policy]
Book Details
Author(s)G. Klaassen, K. Riahi
PublisherElsevier
ISBN / ASINB000PC6LNS
ISBN-13978B000PC6LN4
AvailabilityAvailable for download now
MarketplaceUnited States 🇺🇸
Description
This digital document is a journal article from Energy Policy, published by Elsevier in 2007. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
This paper examines the global impacts of a policy that internalizes the external costs (related to air pollution damage, excluding climate costs) of electricity generation using a combined energy systems and macroeconomic model. Starting point are estimates of the monetary damage costs for SO"2, NO"X, and PM per kWh electricity generated, taking into account the fuel type, sulfur content, removal technology, generation efficiency, and population density. Internalizing these externalities implies that clean and advanced technologies increase their share in global electricity production. Particularly, advanced coal power plants, natural gas combined cycles, natural gas fuel cells, wind and biomass technologies gain significant market shares at the expense of traditional coal- and gas-fired plants. Global carbon dioxide emissions are lowered by 3% to 5%. Sulfur dioxide emissions drop significantly below the already low level. The policy increases the costs of electricity production by 0.2 (in 2050) to 1.2@? cent/kWh (in 2010). Gross domestic product losses are between 0.6% and 1.1%. They are comparatively high during the initial phase of the policy, pointing to the need for a gradual phasing of the policy.
Description:
This paper examines the global impacts of a policy that internalizes the external costs (related to air pollution damage, excluding climate costs) of electricity generation using a combined energy systems and macroeconomic model. Starting point are estimates of the monetary damage costs for SO"2, NO"X, and PM per kWh electricity generated, taking into account the fuel type, sulfur content, removal technology, generation efficiency, and population density. Internalizing these externalities implies that clean and advanced technologies increase their share in global electricity production. Particularly, advanced coal power plants, natural gas combined cycles, natural gas fuel cells, wind and biomass technologies gain significant market shares at the expense of traditional coal- and gas-fired plants. Global carbon dioxide emissions are lowered by 3% to 5%. Sulfur dioxide emissions drop significantly below the already low level. The policy increases the costs of electricity production by 0.2 (in 2050) to 1.2@? cent/kWh (in 2010). Gross domestic product losses are between 0.6% and 1.1%. They are comparatively high during the initial phase of the policy, pointing to the need for a gradual phasing of the policy.
