Abstract
Overview
Introduction
Changes in political and public mindsets means European power utilities now
face a future where continued high levels of carbon emissions are socially and
financially untenable. Given the unmistakable drivers for the energy industry
to reduce its carbon emissions, European utilities are increasingly challenged
with having to rapidly enact successful long-term carbon reduction strategies.
Scope
- Cost forecasts for the six major European utilities should EC support for
100 % auctioning of allowances for the power sector from 2013 prevail.
- Insight into the various competitive, consumer demand and regulatory
forces driving the development of European utility carbon reduction strategies.
- Data concerning the comparative effectiveness of different mitigation
strategies across the major European utilities since the turn of the century.
- Marginal carbon abatement potentials of the six most significant existing
and emerging power generation technologies in Europe.
Highlights
Regulation, competition and consumer demand are driving power retailers and
generators to develop successful carbon reduction strategies. European
utilities must address the need for long-term successful carbon abatement
strategies or face prohibitively high compliance costs under a broadening
EU-ETS carbon cap-and-trade mechanism.
The most appropriate long-term carbon abatement strategy for a power generator
varies from utility to utility and country to country. In the UK and Germany,
the few generators with low coal dependency will favor a switch to more energy
efficient generation, yet the bulk of all generators will seek to leverage
carbon capture and storage.
Since the turn of the century, European utility carbon mitigation strategies
have yielded very different results. Today, the same utilities rely
increasingly on emerging technologies with wide-ranging and rapidly improving
abatement potentials which could reduce power sector emissions by up to 35% by
2030, at a marginal cost lower than EUR40/tCO2e.
Reasons to Purchase
- Assess the likely carbon compliance costs faced by EDF, Centrica,
Iberdrola, E.ON, Vattenfall and RWE based on a range of carbon price scenarios.
- Determine which strategies the largest UK and German national power
providers are likely to adopt based on each country' s generation capacity mix.
- Rapidly benchmark the relative availability and marginal abatement
potential of the six principal carbon mitigation technologies and options.
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