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dc.contributor.authorAune, Finn Roar
dc.contributor.authorLiu, Gang
dc.contributor.authorRosendahl, Knut Einar
dc.contributor.authorSagen, Eirik Lund
dc.date.accessioned2010-11-18T08:50:56Z
dc.date.available2010-11-18T08:50:56Z
dc.date.issued2009
dc.identifier.issn0809-733X
dc.identifier.urihttp://hdl.handle.net/11250/179911
dc.descriptionWhen using material from this publication, Statistics Norway shall be quoted as the source. Abstracts with downloadable Discussion Papers in PDF are available on the Internet: http://www.ssb.noen_US
dc.description.abstractThis paper examines how ambitious climate policies and subsidies to carbon capture may affect international energy prices and market shares in the power market. A detailed numerical model of the international energy markets is used. We first conclude that an ambitious climate policy alone will have substantial effects in the power market, with considerable growth in renewable power production and eventually use of carbon capture. Gas power production will also benefit from such a policy. Subsidising carbon capture and storage (CCS) will significantly accelerate the use of this technology. Nevertheless, total production of coal and gas power (with or without CCS) is only marginally increased, as the subsidy mainly leads to installation of CCS equipment on existing plants, reducing the efficiency from these plants. Consequently, electricity prices are almost unchanged, and the substantial growth in renewable power production is hardly affected by the subsidies to CCS.en_US
dc.description.sponsorshipFinancial support from the Renergi Programme and the Petrosam Programme of the Research Council of Norway.en_US
dc.language.isoengen_US
dc.publisherStatistics Norway, Research Departmenten_US
dc.relation.ispartofseriesDiscussion Papers;595
dc.subjectEnergy marketsen_US
dc.subjectClimate policyen_US
dc.subjectCarbon captureen_US
dc.subjectEnergy pricesen_US
dc.subjectEnergipolitikken_US
dc.subjectMiljøpolitikken_US
dc.subjectKlimaen_US
dc.subjectPriseren_US
dc.subjectKarbonfangsten_US
dc.subjectEnergimarkeden_US
dc.subjectKraftmarkeden_US
dc.subjectJEL classification: H23en_US
dc.subjectJEL classification: Q40en_US
dc.subjectJEL classification: Q54en_US
dc.titleSubsidising carbon capture : effects on energy prices and market shares in the power marketen_US
dc.typeWorking paperen_US
dc.subject.nsiVDP::Technology: 500::Mechanical engineering: 570::Machinery energy and environmental technology: 573en_US
dc.source.pagenumber27en_US


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