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Construction of the marginal abatement cost curve : retrofitting carbon capture and storage in Australia

journal contribution
posted on 06.12.2017, 00:00 by Jason WestJason West
Marginal abatement cost curves are a principal tool used for measuring the relative economic impact of emissions abatement mechanisms. Abatement curves can be constructed using either a top-down approach based on aggregated microeconomic models or using a bottom-up approach based on an engineering assessment that analyses different technical potentials for emission reductions. While top-down models offer simplicity and ease of interpretation, they are not as robust as the bottom-up approach, particularly for assessing the implications of new technologies such as carbon capture and storage (CCS). Using a bottom-up approach and incorporating real options analysis, this study redefines the relative abatement costs for retrofitting post-combustion CCS technology to coal-fired generators and then reconstructs the Australian marginal emissions abatement curve. The revised curve provides power generators and other industry sectors with more accurate and stable abatement cost estimates for these technologies relative to alternate abatement options.

History

Volume

9

Issue

2

Start Page

133

End Page

146

Number of Pages

14

ISSN

1448-4846

Location

Australia

Publisher

Engineers Media Pty Ltd

Language

en-aus

Peer Reviewed

No

Open Access

No

External Author Affiliations

Griffith University; Not affiliated to a Research Institute;

Era Eligible

Yes

Journal

Australian journal of mechanical engineering.