Optimal Transition from Coal to Gas and Renewable Power under Capacity Constraints and Adjustment Costs

This paper studies the optimal transition from existing coal power plants to gas and renewable power under a carbon budget. It solves a model of polluting, exhaustible resources with capacity constraints and adjustment costs (to build coal, gas, an...

Full description

Bibliographic Details
Main Authors:	Lecuyer, Oskar, Vogt-Schilb, Adrien
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank Group, Washington, DC 2014
Subjects:	ABATEMENT POTENTIAL ALLOWABLE CARBON EMISSIONS ATMOSPHERE ATMOSPHERIC CARBON AVAILABILITY BIOMASS CARBON CARBON BUDGET CARBON BUDGETS CARBON CAPTURE CARBON CONTENT CARBON ECONOMY CARBON EMISSIONS CARBON ENERGY CARBON FOSSIL FUELS CARBON INTENSITIES CARBON INTENSITY CARBON POLICY CARBON PRICE CARBON PRICES CARBON TAX CARBON TAXES CARBON TECHNOLOGIES CARBON-FREE POWER CLEAN ELECTRICITY CLEAN POWER CLEANER ENERGY CLIMATE CLIMATE CHANGE CLIMATE CHANGE MITIGATION CLIMATE CHANGE POLICIES CLIMATE CHANGE POLICY CLIMATE CHANGE RESEARCH CLIMATE POLICIES CLIMATE POLICY CLIMATIC CHANGE CO2 COAL COAL GENERATION COAL PLANTS COAL POWER PLANTS COAL PRODUCTION COAL RESOURCES COST OF COAL COST OF ELECTRICITY CUMULATIVE EMISSIONS DIFFUSION ECOLOGICAL ECONOMICS EFFICIENT USE ELECTRICITY ELECTRICITY CONSUMPTION ELECTRICITY DEMAND ELECTRICITY PRICE ELECTRICITY PRICES ELECTRICITY PRODUCTION ELECTRICITY SECTOR EMISSION EMISSION ABATEMENT EMISSION ALLOWANCES EMISSION CONSTRAINT EMISSION FACTOR EMISSION PATHWAYS EMISSION RATE EMISSION REDUCTION EMISSION REDUCTIONS EMISSION TRADING EMISSIONS EMISSIONS ABATEMENT EMISSIONS CUTS ENERGY CONSUMPTION ENERGY ECONOMICS ENERGY OUTLOOK ENERGY POLICY ENERGY PRODUCTION ENERGY RESOURCES ENERGY SECURITY ENERGY SOURCES ENERGY TECHNOLOGIES ENERGY TECHNOLOGY ENVIRONMENTAL POLICY FOSSIL FOSSIL ENERGY FOSSIL FUEL FOSSIL FUEL DEPOSITS FOSSIL FUEL PRICES FOSSIL FUEL PRODUCTION FOSSIL FUELS FUEL COST FUEL COSTS FUEL PRICE FUEL PRODUCTION FUEL SWITCHING GAS GAS GENERATION GAS INVESTMENT GAS PLANT GAS PLANTS GAS POWER PLANTS GAS PRODUCTION GAS RESERVES GAS RESOURCES GHG GLOBAL WARMING GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSIONS INTERNATIONAL ENERGY AGENCY INVESTMENT IN COAL IPCC LONG-TERM CLIMATE CHANGE LOW-CARBON MARGINAL ABATEMENT MARGINAL ABATEMENT COST METHANE NATURAL GAS NATURAL RESOURCES NONRENEWABLE ENERGY NONRENEWABLE RESOURCE NONRENEWABLE RESOURCES OIL ONSHORE WIND PEAK CAPACITY PEAK OIL PEAK POWER PHOTOVOLTAIC POWER POLLUTION POWER GENERATION POWER PLANT POWER PLANTS POWER PRODUCTION POWER SECTOR PP PRICE OF ELECTRICITY RENEWABLE ENERGIES RENEWABLE ENERGY RENEWABLE ENERGY SOURCE RENEWABLE POWER RENEWABLE SOURCE RENEWABLE SOURCES SHADOW PRICE SUPPLY OF ELECTRICITY TEMPERATURE WIND WINDMILL WINDMILLS
Online Access:	http://documents.worldbank.org/curated/en/2014/07/19896708/optimal-transition-coal-gas-renewable-power-under-capacity-constraints-adjustment-costs http://hdl.handle.net/10986/19388