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An adoption scenario for carbon capture in pulverized coal power plants in the USA
Author(s) -
Hanson Donald,
Schmalzer David
Publication year - 2013
Publication title -
greenhouse gases: science and technology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.45
H-Index - 32
ISSN - 2152-3878
DOI - 10.1002/ghg.1359
Subject(s) - carbon capture and storage (timeline) , retrofitting , pulverized coal fired boiler , portfolio , coal , carbon fibers , fossil fuel , investment (military) , revenue , clean coal , environmental economics , electricity , natural resource economics , environmental science , business , waste management , economics , engineering , computer science , finance , electrical engineering , ecology , structural engineering , algorithm , climate change , politics , composite number , law , political science , biology
In this paper we use the Electricity Supply and Investment Model (ESIM) power system model to examine the energy market effects of incentivized adoption of carbon capture and storage (CCS), with a primary focus on retrofitting existing pulverized coal plants. In the presence of a ‘medium’ carbon charge and least‐cost dispatch, units with CCS are operated with higher utilization rates than fossil energy plants without carbon capture, hence lowering CO 2 emissions. This path helps to lower the capital outlays that will be necessary to make a transition to a full portfolio of advanced low‐carbon technologies. Required research, development and demonstration can be financed by a portion of the carbon charge revenue.