The Role of Accelerated Power Generation Technology Development to Reduce Carbon Dioxide Emissions

Abstract

The paper focuses on the role of advanced power generation technology in the reduction of carbon dioxide emissions. In order to quantify the importance of these technologies a scenario approach is applied comparing a “business as usual” scenario with technology cases which assume the accelerated development and earlier availability of certain advanced technologies. The simulations with the POLES world energy model demonstrate, that the availability of advanced technology for power generation alone does not lead to emission reductions needed to stabilise carbon dioxide emissions in the atmosphere at a sustainable level. To achieve that additional policy measures are necessary. It is however shown, that the availability of advanced technology has a crucial impact on the cost to meet emission reduction targets.

Keywords

Innovation technology development climate change emission reduction policy

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