G2TT
来源类型Discussion paper
规范类型论文
来源IDDP12647
DP12647 Policies for decarbonizing a liberalized power sector
David Newbery
发表日期2018-01-24
出版年2018
语种英语
摘要Given the agreed urgency of decarbonizing electricity and the need to guide decentralized private decisions, an adequate and credible carbon price appears essential. The paper defines and quantifies the useful concept of the break-even carbon price for mature zero-carbon electricity investments. It appears an attractive alternative given the difficulty of measuring the social cost of carbon, but modelling shows it extremely sensitive to projected fuel prices, the rate of interest, and the capital cost of generation options, all of which are very uncertain. This has important implications, and justifies combining a carbon price floor with suitable long-term contracts for electricity investments.
主题Public Economics
关键词Carbon price Electricity investment Renewables
URLhttps://cepr.org/publications/dp12647
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/541458
推荐引用方式
GB/T 7714
David Newbery. DP12647 Policies for decarbonizing a liberalized power sector. 2018.
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