Carbon emission and mitigation cost comparisons between fossil fuel, nuclear and renewable energy resources for electricity generation

Abstract

A study was conducted to compare the electricity generation costs of a number of current commercial technologies with technologies expected to become commercially available within the coming decade or so. The amount of greenhouse gas emissions resulting per kWh of electricity generated were evaluated. A range of fossil fuel alternatives (with and without physical carbon sequestration), were compared with the baseline case of a pulverised coal, steam cycle power plant. Nuclear, hydro, wind, bioenergy and solar generating plants were also evaluated. The objectives were to assess the comparative costs of mitigation per tonne of carbon emissions avoided, and to estimate the total amount of carbon mitigation that could result from the global electricity sector by 2010 and 2020 as a result of fuel switching, carbon dioxide sequestration and the greater uptake of renewable energy. Most technologies showed potential to reduce both generating costs and carbon emission avoidance by 2020 with the exception of solar power and carbon dioxide sequestration. The global electricity industry has potential to reduce its carbon emissions by over 15% by 2020 together with cost saving benefits compared with existing generation. © 2002 Elsevier Science Ltd. All rights reserved.