How CO2 prices accelerate decarbonisation – The case of coal-fired generation in Germany

Smaranda Sgarciu, Daniel Scholz and Felix Müsgens

Energy Policy, 2023, vol. 173, issue C

Abstract: This paper analyses the potential impact of the world's two main coal phase-out instruments: 1) direct regulatory intervention restricting the operation of existing coal-fired generation capacity and prohibiting investment in new capacity and 2) market-based CO2-pricing instruments that make emission-intensive coal-fired generation less competitive. We quantify these instruments' potential effects in the empirical setting of Germany, where both instruments are employed concurrently. However, this paper's approach and methodology can be applied in any jurisdiction or energy system worldwide.

Keywords: Coal phase-out; CO2 price; Employment; Decarbonisation; Energy systems modelling (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:173:y:2023:i:c:s0301421522005948

DOI: 10.1016/j.enpol.2022.113375

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