Stochastic modeling of decarbonizing strategy, policy, and market-induced incentives for the US electricity sector

Azure, Jessica W.A.; Frimpong, Samuel; Fikru, Mahelet G.

doi:10.1016/j.jclepro.2023.139324

Cited by 8 publications

(3 citation statements)

References 44 publications

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“…which may ultimately be passed on to consumers (e.g., higher energy prices). For example, a recent study by Azure et al (2023) nds that the adoption of CCS among fossil-based power generators could potentially increase the price of electricity when tax credits are not su cient to cover costs. Based on an international experimental study, nd that costs of deploying CCS can lead to lower support among the general public.…”

Section: Conceptual Framework and Hypothesis Developmentmentioning

confidence: 99%

“…However, despite generous policy support and the technical readiness of CCS applications, there are several barriers that hinder the development of CCS projects. Barriers discussed in the literature include high investment costs (Budinis et al, 2018), the absence of market-based monetary returns (Zapantis et al, 2019;Azure et al, 2023), and uncertainty towards future policy support (Gibbins and Chalmers, 2008;Davies et al, 2023). Furthermore, negative public perception and opposition towards CCS projects is a major factor identi ed as a key barrier to the large-scale adoption of CCS technology (Pianta et al, 2021;Boyd et al, 2019;Tcvetkov et al, 2019).…”

Section: Introductionmentioning

confidence: 99%

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Factors Shaping Public Support for More Carbon Capture and Storage Projects in the United States

Fikru,

Nguyen

2024

Preprint

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This study contributes to the literature examining public acceptance of carbon capture and storage (CCS) projects in the US. The examination of factors that shape public support for CCS projects provides policymakers with insights to address public concerns, balance CCS development with public sentiments, and make informed decisions about optimal locations and timing. Based on a nationally representative survey on 1,850 respondents, the study finds that in the US, there is very low familiarity (6.4%) regarding CCS technology and some limited opposition (11.5%) to increased CCS development. Regression results suggest that support for increased CCS projects in the US is influenced by perceptions of technical and social risks (leakage and community danger, respectively) but not cost of living risks, perceptions of environmental and economic benefits, familiarity with the technology, confidence in government regulations, and a desire for the US to lead in CCS. We fail to find the ‘Not-in-My-Backyard’ effect, and individuals supporting the development of more CCS in their states also support it at a national level. Understanding these factors helps policymakers anticipate challenges in implementing CCS initiatives and allows for the development of strategies to address concerns.

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Section: Conceptual Framework and Hypothesis Developmentmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Factors Shaping Public Support for More Carbon Capture and Storage Projects in the United States

Fikru,

Nguyen

2024

Preprint

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“…The carbon market has an impact on many aspects such as developmental mode, technological innovation, production and management of power plants. The following suggestions are put forward for plants and electricity institutes to tussle with the carbon emission trading market [8] .…”

Section: Paths Of Carbon Reductionmentioning

confidence: 99%

Research on Carbon Emission Accounting and Emission Reduction Route of Thermal Power Plants

Qian,

Wang,

et al. 2024

E3S Web Conf.

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The power industry is a major contributor to carbon dioxide (CO2) emission, which accounting for 40% of total domestic carbon emission. Based on the carbon emission accounting method, this paper conducts carbon emission accounting for a number of power generation enterprises, analyses and concludes that the carbon quota allocation is being tightened year by year, proposed countermeasures and emission reduction routes in terms of carbon asset management and carbon reduction technology research. According to the actual situation of a coal-fired power plant in Anhui province, different carbon reduction routes are developed, among which photovoltaic power generation project has the most impressive economic benefits, but carbon capture project has the largest carbon reduction benefits. Under the premise of similar initial investment between the two projects, the carbon reduction brought by the latter is 5 times that of the former. It is suggested to choose the “new energy power generation+carbon capture and utilization” coupling technical route, which can improve the flexible operation of thermal power units and the absorption rate of new energy, and achieve efficient decarbonization. It provides a sustainable development technical route with both economic and environmental benefits for the low-carbon process.

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Factors Shaping Public Support for More Carbon Capture and Storage Projects in the United States

Fikru,

Nguyen

2024

Environmental Management

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Stochastic modeling of decarbonizing strategy, policy, and market-induced incentives for the US electricity sector

Cited by 8 publications

References 44 publications

Factors Shaping Public Support for More Carbon Capture and Storage Projects in the United States

Factors Shaping Public Support for More Carbon Capture and Storage Projects in the United States

Research on Carbon Emission Accounting and Emission Reduction Route of Thermal Power Plants

Factors Shaping Public Support for More Carbon Capture and Storage Projects in the United States

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