Analysis of the Coal Sector under Carbon Constraints

Application of the MIT Emissions Prediction and Policy Analysis model to assessment of the future of coal under climate policy revealed the need for an improved representation of load dispatch in the representation of the electric sector. A new dispatching algorithm is described and the revised mode...

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Veröffentlicht in:	Journal of policy modeling 2009-05, Vol.31 (3), p.404-424
Hauptverfasser:	McFarland, James R., Paltsev, Sergey, Jacoby, Henry D.
Format:	Artikel
Sprache:	eng
Schlagworte:	01 COAL, LIGNITE, AND PEAT Algorithms Business-as-usual CAPTURE Carbon Carbon capture and storage Carbon Carbon capture and storage EPPA model Business-as-usual Limited nuclear CARBON DIOXIDE Carbon emissions COAL INDUSTRY Electricity Energy prices ENVIRONMENTAL POLICY EPPA model Forecasts Limited nuclear Natural gas Nuclear energy UNDERGROUND STORAGE
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Beschreibung
Zusammenfassung:	Application of the MIT Emissions Prediction and Policy Analysis model to assessment of the future of coal under climate policy revealed the need for an improved representation of load dispatch in the representation of the electric sector. A new dispatching algorithm is described and the revised model is applied to an analysis of the future of coal use to 2050 and 2100 under alternative assumptions about CO"2 prices, nuclear expansion and prices of natural gas .Global carbon constraints drastically reduce coal use. Carbon capture and storage (CCS) technologies are extremely important for survival of coal industry. With CCS, the coal industry is likely to be larger than it is today even with greenhouse gas controls. All rights reserved, Elsevier
ISSN:	0161-8938 1873-8060
DOI:	10.1016/j.jpolmod.2008.09.005