Bookcover of Power at the Crossroads
Booktitle:

Power at the Crossroads

The Interactions Between Carbon Regulation and Renewable Electricity Policies

VDM Verlag Dr. Müller (2009-09-30 )

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ISBN-13:

978-3-639-20049-2

ISBN-10:
3639200497
EAN:
9783639200492
Book language:
English
Blurb/Shorttext:
The power sector is experiencing profound changes worldwide as policies are enacted to address the linkages between energy use and environmental degradation, energy security, and economic development. This research examines the interactions between a carbon dioxide (CO2) cap and a renewable energy quota, using the United Kingdom’s power sector as a case study. Simulation scenarios show that energy efficiency underpins the success of both programs. Energy efficiency investments can eliminate the need for new nuclear plants and make compliance with the CO2 cap significantly cheaper. With higher fossil fuel prices, there is limited interaction between the two programs as the CO2 cap swamps the renewables target because renewables are favored in the least cost solution. The renewables quota must be included in the regulatory mix under periods of low fossil fuel prices otherwise firms will switch from coal to gas generation. The modelling shows that both programs are required in order to deploy renewables as well as reduce CO2 emissions across a wide range of market and policy outcomes. The programs need to be jointly administered to reduce duplicative costs to industry.
Publishing house:
VDM Verlag Dr. Müller
Website:
http://www.vdm-verlag.de
By (author) :
Hal Nelson
Number of pages:
136
Published on:
2009-09-30
Stock:
Available
Category:
Political science
Price:
59.00 €
Keywords:
Renewable Energy, Climate Policy, Interaction, energy efficiency, economic instruments, electricity, economic instruments

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