Review of CO2 price in Europe using feed-in tariff rates

Author

B. Bakhtyar, A. Fudholi, Kabir Hassan, M. Azam, C.H. Lim, N.W. Chan and K. Sopian

Renewable and Sustainable Energy Reviews, 2017, vol. 69, issue C, pages 685-691

Abstract: The price of carbon emitted by thermal plants has always been a favorite topic of researchers and policy makers. A substitute price for CO2 is calculated in this study based on real-time payments through government tariffs. These payments aim to mitigate CO2 emission caused by unregulated electricity generation. The total CO2 produced by the thermal plants of 10 European countries is shown in this study. The government's payment for each technology is utilized to clear the final CO2 abatement cost. The substitute price of avoiding CO2 emission (SPAC) for each technology and country is estimated. SPAC is basically the price that each country pays to avoid producing CO2. The conducted survey shows that the SPAC of the 10 European countries ranges from 63 to 2951 Euros depending on the type of technology used and the country's policy. Results confirm a competitive payment by governments only for German and UK hydro and UK wind technologies. Comparison of the countries’ payments for renewable energies and CO2 market price shows that governments incurred an inefficient payment of liquidity as a carbon mitigation policy.

Keywords: Feed-in tariff; CO2 mitigation policy; Carbon emission; Carbon price commitment (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S136403211630911X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:http://EconPapers.repec.org/RePEc:eee:rensus:v:69:y:2017:i:c:p:685-691

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/bibliographic
http://www.elsevier. ... 600126/bibliographic

Access Statistics for this article

Renewable and Sustainable Energy Reviews is currently edited by L. Kazmerski

More articles in Renewable and Sustainable Energy Reviews from  Elsevier
Series data maintained by Dana Niculescu (repec@elsevier.com).

For further details log on website :
http://econpapers.repec.org/article/eeerensus/v_3a69_3ay_3a2017_3ai_3ac_3ap_3a685-691.htm