Is There an Optimal Entry Time for Carbon Capture and Storage? A Case Study for Australia's National Electricity Market

Liam Wagner and John Foster ()

No 7, Energy Economics and Management Group Working Papers from School of Economics, University of Queensland, Australia

Abstract: This paper examines the economic competitiveness of implementing Carbon Capture and Storage (CCS) for deployment on the Australia’s National Electricity Market (NEM) against conventional base load electricity generation. By examining the Levelised Cost of Energy (LCOE) for sent out generation as a suitable hurdle for judging the future prospects of different technology types, we examine the likely mix of generation assets that could be invested in. After examining the LCOE it is shown that CCS enabled technologies will not be competitive in Australia until 2025, which is well beyond the first emissions reduction target for 2020.

Keywords: Levelised Cost of Energy; Electricity Generation; Emissions Reduction; Carbon Capture and Storage (search for similar items in EconPapers)
JEL-codes: C61 G12 Q40 (search for similar items in EconPapers)
Date: 2011-05
New Economics Papers: this item is included in nep-ene and nep-env
References: View complete reference list from CitEc
Citations: View citations in EconPapers (16)

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