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Delivering a Low Carbon Electricity System: Technologies, Economics and Policy (Department of Applied Economics Occasional Papers, Series Number 68)

Delivering a Low Carbon Electricity System: Technologies, Economics and Policy (Department of Applied Economics Occasional Papers, Series Number 68)

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Cambridge University Press
Edition: Illustrated, 2008-07-17
EAN 9780521888844, ISBN10: 0521888840

Paperback, 536 pages, 22.9 x 15.2 x 3.3 cm

Meeting targets aimed at tackling the climate change challenge requires moving towards a low-carbon economy. These targets can only be met with major reductions in carbon emissions from the electricity sector. Written by a team of leading academics and industry experts, Delivering a Low Carbon Electricity System analyses the social, technological, economic and political issues that affect the attempt to create a low-carbon electricity sector and assesses the main instruments for achieving this aim. The book begins by looking at how low-carbon generation technologies might be added in sufficient quantity to the electricity system. Next, it examines how networks and the demand side can help to decarbonise the sector. It then highlights the role of innovation and discusses instruments for promoting technological progress. Finally, given the economic framework and technological possibilities, it presents a number of general and specific policy instruments and options for the future.

'Atmospheric greenhouse gas stabilization goals can only be achieved by significantly reducing carbon emissions associated with the generation and use of electricity. This book, written by a group of distinguished economists, provides a comprehensive analysis of the options for doing so in a cost-effective and timely manner. The book's analysis provides an excellent framework to guide UK policies aimed at achieving its carbon reduction goals and can serve as an excellent policy model for other developed countries as well.' Paul L. Joskow, MIT Center for Energy and Environmental Policy Research