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CARBON REDUCTION COSTS IN NEW ENGLAND'S POWER SECTOR
Author(s) -
Krause FLORENTIN,
Busch JOHN,
Koomey JONATHAN G.
Publication year - 1993
Publication title -
contemporary economic policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.454
H-Index - 49
eISSN - 1465-7287
pISSN - 1074-3529
DOI - 10.1111/j.1465-7287.1993.tb00383.x
Subject(s) - electricity , economics , greenhouse gas , natural resource economics , resource (disambiguation) , renewable energy , capital cost , production (economics) , carbon fibers , environmental economics , cogeneration , electricity generation , power (physics) , microeconomics , engineering , macroeconomics , ecology , computer network , physics , quantum mechanics , composite number , computer science , electrical engineering , biology , materials science , composite material
This paper examines the cost of reducing carbon emissions in New England's power sector. The analysis relies on detailed sectoral studies of costs and resource potentials for demand‐side efficiency, cogeneration, renewables, and conventional resource options. Sectoral studies' results were integrated using a production‐cost model to estimate the total cost and rate impacts of carbon reduction strategies relative to a business‐as‐usual forecast. To capture potential uncertainties, the analysis takes into account variations in capital costs, fuel prices, resource utilization levels, and base case retirements of existing power plants. Results show that New England's power sector can freeze carbon emissions at current levels or reduce carbon emissions while simultaneously decreasing customers' total electricity bills.