气候变化领域集成服务门户(CCPortal): Financing coal-fired power plant to demonstrate CCS (carbon capture and storage) through an innovative policy incentive in China

CCPortal

DOI	10.1016/j.enpol.2021.112562
	Financing coal-fired power plant to demonstrate CCS (carbon capture and storage) through an innovative policy incentive in China
	Yang L.; Xu M.; Fan J.; Liang X.; Zhang X.; Lv H.; Wang D.
发表日期	2021
ISSN	0301-4215
卷号	158
英文摘要	Traditional policy incentives for carbon capture and storage (CCS) mainly rely on fiscal subsidies, which tend to put an inordinate strain on public finances. This study attempts to explore a non-fiscal incentive policy, granting a time extension (extra electricity quota), to finance early CCS demonstration projects in China. We find that coal-fired power plant (CFPP) operate at a loss even without CCS retrofitting under the current electricity quota (4000 h per year), while it can make profits with CCS retrofitting if extra electricity quotas are provided. Specifically, the electricity quota needs to be roughly 4709–7260 h per year with the CO2 capture level ranging from 0.1 to 1 Mt per year in the demonstration stage. In particular, the levelized cost of electricity (LCOE) of CFPP with a capture level of 1 Mt per year is estimated at 298.8 CNY/MWh if the electricity quota reaches 7000 h per year, which is approximately equal to that of CFPP without CCS retrofitting and extra electricity quota (292.2 CNY/MWh). Thus, the extra electricity quota can be considered as an economically feasible policy incentive, and related results are able to provide useful information for electric power enterprises and government decision-makers. © 2021 Elsevier Ltd
英文关键词	CCS; Electricity quota; Financing; LCOE; Policy incentive
语种	英语
scopus关键词	Coal; Coal fueled furnaces; Decision making; Finance; Fossil fuel power plants; Mining; Public policy; Retrofitting; 'current; Coal-fired power plant; Demonstration project; Electricity quota; Fiscal incentives; Incentives policy; Levelized cost of electricities; Policy incentives; Public finance; Time extensions; Carbon capture; carbon sequestration; coal-fired power plant; electricity generation; energy market; energy policy; financial market; incentive; China
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/256559
作者单位	School of Economics and Management, Inner Mongolia UniversityInner Mongolia 010021, China; Center for Sustainable Development and Energy Policy Research (SDEP), School of Energy and Mining Engineering, China University of Mining & Technology, Beijing (CUMTB), Beijing, 100083, China; China School of Engineering, University of Edinburgh, EdinburghUK EH8 9JS, United Kingdom; The Administrative Center for China's Agenda 21, Ministry of Science and Technology, Beijing, 100038, China; School of Economics and Management, China University of Geosciences, Beijing, 100083, China; Crawford School of Public Policy, The Australian National UniversityACT 2601, Australia
推荐引用方式 GB/T 7714	Yang L.,Xu M.,Fan J.,et al. Financing coal-fired power plant to demonstrate CCS (carbon capture and storage) through an innovative policy incentive in China[J],2021,158.
APA	Yang L..,Xu M..,Fan J..,Liang X..,Zhang X..,...&Wang D..(2021).Financing coal-fired power plant to demonstrate CCS (carbon capture and storage) through an innovative policy incentive in China.Energy Policy,158.
MLA	Yang L.,et al."Financing coal-fired power plant to demonstrate CCS (carbon capture and storage) through an innovative policy incentive in China".Energy Policy 158(2021).