This study investigates the least-cost decarbonization pathways in the Finnish electricity generation industry in order to achieve the national carbon neutrality goal by 2035. Various abatement measures, such as downscaling production, capital investment, and increasing labor and intermediate inputs, are considered. The marginal abatement costs (MACs) of greenhouse gas emissions are estimated using the convex quantile regression method and applied to unique register-based firm-level greenhouse gas emission data merged with financial statement data. We adjust the MAC estimates for the sample selection bias caused by zero-emission firms by applying the two-stage Heckman correction. Our empirical findings reveal that the median MAC ranges from 0.1 to 3.5 euros per tonne of CO equivalent. The projected economic cost of a 90% reduction in emissions is 62 million euros, while the estimated cost of achieving zero emissions is 83 million euros.
Download full-text PDF |
Source |
|---|---|
| http://dx.doi.org/10.1016/j.jenvman.2024.120848 | DOI Listing |
Publication Analysis
Top Keywords
Similar Publications
Diverse decarbonization pathways under near cost-optimal futures.
Nat Commun
September 2024
Department of Civil and Environmental Engineering, North Carolina State University, Raleigh, NC, USA.
Energy system optimization models offer insights into energy and emissions futures through least-cost optimization. However, real-world energy systems often deviate from deterministic scenarios, necessitating rigorous uncertainty exploration in macro-energy system modeling. This study uses modeling techniques to generate diverse near cost-optimal net-zero CO pathways for the United States' energy system.
View Article and Find Full Text PDFTechno-economic data and assumptions for open energy modelling of decarbonisation pathways in the Philippines.
Data Brief
June 2024
STEER Centre, Department of Geography, Loughborough University, Loughborough, United Kingdom.
This article introduces an openly accessible dataset aimed at supporting energy system modelling of decarbonisation pathways in the Philippines. The dataset was compiled through an extensive literature review, incorporating information from various sources such as the Philippines Department of Energy, academic publications, and international organisations. To ensure compatibility with OSeMOSYS modelling requirements, the data underwent processing and standardisation.
View Article and Find Full Text PDFLeast-cost decarbonization pathways for electricity generation in Finland: A convex quantile regression approach.
J Environ Manage
May 2024
Surrey Business School, University of Surrey, UK; Department of Environment and Geography, University of York, UK. Electronic address:
This study investigates the least-cost decarbonization pathways in the Finnish electricity generation industry in order to achieve the national carbon neutrality goal by 2035. Various abatement measures, such as downscaling production, capital investment, and increasing labor and intermediate inputs, are considered. The marginal abatement costs (MACs) of greenhouse gas emissions are estimated using the convex quantile regression method and applied to unique register-based firm-level greenhouse gas emission data merged with financial statement data.
View Article and Find Full Text PDFAir pollution disparities and equality assessments of US national decarbonization strategies.
Nat Commun
December 2022
Engineering and Public Policy, Carnegie Mellon University, Pittsburgh, PA, USA.
Energy transitions and decarbonization require rapid changes to a nation's electricity generation mix. There are many feasible decarbonization pathways for the electricity sector, yet there is vast uncertainty about how these pathways will advance or derail the nation's energy equality goals. We present a framework for investigating how decarbonization pathways, driven by a least-cost paradigm, will impact air pollution inequality across vulnerable groups (e.
View Article and Find Full Text PDFDeep decarbonization of the Indian economy: 2050 prospects for wind, solar, and green hydrogen.
iScience
June 2022
John A. Paulson School of Engineering and Applied Sciences, Harvard University, Cambridge, MA 02138, USA.
The paper explores options for a 2050 carbon free energy future for India. Onshore wind and solar sources are projected as the dominant primary contributions to this objective. The analysis envisages an important role for so-called green hydrogen produced by electrolysis fueled by these carbon free energy sources.
View Article and Find Full Text PDFWant AI Summaries of new PubMed Abstracts delivered to your In-box?
Enter search terms and have AI summaries delivered each week - change queries or unsubscribe any time!