FIGURE 8.4. Carbon mitigation supply curves.

FIGURE 8.4Carbon mitigation supply curves

These results are derived from the author's dynamic optimization model applied to a representative U.S. electricity market. Each point on the graph reflects the decrease in carbon emissions compared to a baseline scenario due to an imposed carbon price (set by a tax or equivalent regulatory mechanism). The “NO CCS” curve shows a model run without ICM technologies in which emissions decline by a maximum of about 45% due to conversion of all generation from coal to gas. The dotted curve shows the effect of increasing the price of gas by $1/GJ, raising the cost of moderate emission abatement by making coal-to-gas fuel switching less advantageous. NOTE: CCS = carbon capture and sequestration.

From: 8, Industrial Carbon Management: An Overview

Cover of Carbon Management
Carbon Management: Implications for R&D in the Chemical Sciences and Technology: A Workshop Report to the Chemical Sciences Roundtable.
National Research Council (US) Chemical Sciences Roundtable.
Washington (DC): National Academies Press (US); 2001.
Copyright © 2001, National Academy of Sciences.

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