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- W27960810 abstract "Coal accounts for nearly 30% of all global fossil fuel consumption and 37% of fossil fuel emissions of carbon dioxide. In the absence of penalties or restrictions on carbon dioxide emissions, coal use for electricity generation is expected to grow over the course of this century due to its relative abundance. This chapter examines the influence of four factors on future of coal consumption in the electric power sector: (1) the price of carbon emissions, (2) the price of natural gas, (3) costs of carbon dioxide capture and storage (CCS) technologies, and (4) the dispatch between coal and natural gas generation technologies. These variables are assessed for their effect on coal consumption using a computable general equilibrium model of the world economy, the MIT Emissions Prediction, and Policy Analysis (EPPA) model. The results illustrate how competing technologies, changing input prices, and general equilibrium effects influence the adoption of CCS technologies. The results for the United States and Europe suggest that carbon price and dispatch have the most significant effect on future coal consumption. Improvements in CCS technology costs make coal consumption less dependent on gas price, but do not mitigate the carbon price effects on consumption through 2050." @default.
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- W27960810 date "2005-01-01" @default.
- W27960810 modified "2023-09-26" @default.
- W27960810 title "The future of coal consumption in a carbon constrained world" @default.
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- W27960810 doi "https://doi.org/10.1016/b978-008044704-9/50180-4" @default.
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