Globalization, sustainable development, and variation in cost of power plant technologies: A perspective of developing economies
This study evaluates the sustainable power plant cost in the outlook of global power plant efficiency to reduce fossil fuel dependency and greenhouse gas emissions. For this purpose, the Global Change Assessment Model (GCAM) applied for conducting the cost assessment of power zone technologies for a...
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| Veröffentlicht in: | Environmental science and pollution research international 2021-03, Vol.28 (9), p.11158-11169 |
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| creator | Amin, Azka Liu, Xi-Hua Abbas, Qaiser Hanif, Imran Vo, Xuan Vinh |
| description | This study evaluates the sustainable power plant cost in the outlook of global power plant efficiency to reduce fossil fuel dependency and greenhouse gas emissions. For this purpose, the Global Change Assessment Model (GCAM) applied for conducting the cost assessment of power zone technologies for all principal electricity generation. This study considers the characteristics of essential factors (cement, price of resources, possible increases in employees, and metals) that affect costs. This study suggests that the cost of electricity-generating technologies significantly affects growth efficiency, reduction in production cost, and improving environmental conditions. It also suggests that the cost of electricity-generating technologies, combined with technology mixture, is the key factor behind replacing existing technology in the electricity sector. EPRI cost assessments expanded by around 30% and 50% during 2015-2016. Factors like competition amongst power plant owners, the ambiguous marketplace, production procedures, and lack of environment-related strategies have resulted in massive environmental degradation in developing economies like Pakistan. Based on empirical findings, this study recommends designing efficient technologies, which would reduce power plant costs and ensure vertical prospects related to environmental conditions in the future. |
| doi_str_mv | 10.1007/s11356-020-10816-x |
| format | Article |
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For this purpose, the Global Change Assessment Model (GCAM) applied for conducting the cost assessment of power zone technologies for all principal electricity generation. This study considers the characteristics of essential factors (cement, price of resources, possible increases in employees, and metals) that affect costs. This study suggests that the cost of electricity-generating technologies significantly affects growth efficiency, reduction in production cost, and improving environmental conditions. It also suggests that the cost of electricity-generating technologies, combined with technology mixture, is the key factor behind replacing existing technology in the electricity sector. EPRI cost assessments expanded by around 30% and 50% during 2015-2016. Factors like competition amongst power plant owners, the ambiguous marketplace, production procedures, and lack of environment-related strategies have resulted in massive environmental degradation in developing economies like Pakistan. 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For this purpose, the Global Change Assessment Model (GCAM) applied for conducting the cost assessment of power zone technologies for all principal electricity generation. This study considers the characteristics of essential factors (cement, price of resources, possible increases in employees, and metals) that affect costs. This study suggests that the cost of electricity-generating technologies significantly affects growth efficiency, reduction in production cost, and improving environmental conditions. It also suggests that the cost of electricity-generating technologies, combined with technology mixture, is the key factor behind replacing existing technology in the electricity sector. EPRI cost assessments expanded by around 30% and 50% during 2015-2016. Factors like competition amongst power plant owners, the ambiguous marketplace, production procedures, and lack of environment-related strategies have resulted in massive environmental degradation in developing economies like Pakistan. Based on empirical findings, this study recommends designing efficient technologies, which would reduce power plant costs and ensure vertical prospects related to environmental conditions in the future.</description><subject>Aquatic Pollution</subject><subject>Atmospheric Protection/Air Quality Control/Air Pollution</subject><subject>cement</subject><subject>cost analysis</subject><subject>Earth and Environmental Science</subject><subject>Economic development</subject><subject>Ecotoxicology</subject><subject>Electric industries</subject><subject>Electric power generation</subject><subject>Electricity</subject><subject>electricity generation</subject><subject>Environment</subject><subject>Environmental Chemistry</subject><subject>Environmental conditions</subject><subject>Environmental degradation</subject><subject>Environmental Health</subject><subject>environmental models</subject><subject>Environmental science</subject><subject>Fossil 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economies</atitle><jtitle>Environmental science and pollution research international</jtitle><stitle>Environ Sci Pollut Res</stitle><addtitle>Environ Sci Pollut Res Int</addtitle><date>2021-03-01</date><risdate>2021</risdate><volume>28</volume><issue>9</issue><spage>11158</spage><epage>11169</epage><pages>11158-11169</pages><issn>0944-1344</issn><eissn>1614-7499</eissn><abstract>This study evaluates the sustainable power plant cost in the outlook of global power plant efficiency to reduce fossil fuel dependency and greenhouse gas emissions. For this purpose, the Global Change Assessment Model (GCAM) applied for conducting the cost assessment of power zone technologies for all principal electricity generation. This study considers the characteristics of essential factors (cement, price of resources, possible increases in employees, and metals) that affect costs. This study suggests that the cost of electricity-generating technologies significantly affects growth efficiency, reduction in production cost, and improving environmental conditions. It also suggests that the cost of electricity-generating technologies, combined with technology mixture, is the key factor behind replacing existing technology in the electricity sector. EPRI cost assessments expanded by around 30% and 50% during 2015-2016. Factors like competition amongst power plant owners, the ambiguous marketplace, production procedures, and lack of environment-related strategies have resulted in massive environmental degradation in developing economies like Pakistan. Based on empirical findings, this study recommends designing efficient technologies, which would reduce power plant costs and ensure vertical prospects related to environmental conditions in the future.</abstract><cop>Berlin/Heidelberg</cop><pub>Springer Berlin Heidelberg</pub><pmid>33113061</pmid><doi>10.1007/s11356-020-10816-x</doi><tpages>12</tpages></addata></record> |
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| subjects | Aquatic Pollution Atmospheric Protection/Air Quality Control/Air Pollution cement cost analysis Earth and Environmental Science Economic development Ecotoxicology Electric industries Electric power generation Electricity electricity generation Environment Environmental Chemistry Environmental conditions Environmental degradation Environmental Health environmental models Environmental science Fossil fuels Globalization Greenhouse gases Internationality markets Metals Pakistan Power Plants prices Production costs Research Article Sustainable Development Sustainable energy Technology Waste Water Technology Water Management Water Pollution Control |
| title | Globalization, sustainable development, and variation in cost of power plant technologies: A perspective of developing economies |
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