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Extra resources for Climate and Electricity Annual 2011: Data and Analyses
R. S. Ho (2009), “China’s 11th FiveYear Plan and the Environment: Reducing SO2 Emissions”, Review of Environmental Economics and Policy, Vol. 3, No. 2, pp. 231–250. , F. Graves, G. Bathla and L. pdf. , K. D. Matthews (2010), “Future CO2 Emissions and Climate Change from Existing Energy Infrastructure”, Science, Vol. 329, No. 5997, pp. 1330-1333. IEA (2010), World Energy Outlook 2010, OECD/IEA, Paris. E. D. Sauer (1997), “On Stranded Cost Recovery in the Deregulation of the US Electric Power Industry”, Natural Resources Journal, Vol.
In this case, to trigger early retirement through economics, the carbon price has to be such that the shortrun marginal costs of an existing coal-fired plant become higher than the long-run marginal costs (including capital costs) of a new lower-carbon plant. This implies that quite high carbon prices may be needed to displace existing capacity before the end of its technical life. Shortening the period of operation leaves the plant owner with “stranded costs” (if the closure occurs before the capital investment costs have been fully recovered) or with a reduction of expected benefits.
H. and M. Cruciani (2010), “Rents in the Power Sector due to Carbon Trading”, Energy Policy, Vol. 38, pp. 4280-4290. Breyer, C. and A. Gerlach (2010), “Global Overview on GridParity Event Dynamics”, Q-Cells, Bitterfeld-Wolfen, Germany. F. (2006), “Beyond the Learning Curve: Factors Influencing Cost Reductions in Photovoltaics”, Energy Policy, Vol. 34, pp. 3218-3232. Clifford, E. and M. Clancy (2011), “Impacts of Wind Generation on Wholesale Electricity Costs in 2011”, SEAI/EirGrid, Ireland. Philibert, C.