Structural changes of global power generation capacity towards sustainability and the risk of stranded investments supported by a sustainability indicator

Journal of Cleaner Production

Volumn 141, Issue , 2017, Pages 370-384

  Farfan, Javier ^a   Breyer, Christian ^a  

^a LAPPEENRANTA UNIVERSITY OF TECHNOLOGY   (Finland)

Author keywords

Power generation mix; Power system evolution; Stranded assets; Sustainability indicator; Technical lifetime

Indexed keywords

CLIMATE CHANGE; COST REDUCTION; DEPRECIATION; ELECTRIC UTILITIES; ENVIRONMENTAL PROTECTION; ENVIRONMENTAL TECHNOLOGY; GAS EMISSIONS; GAS PLANTS; GREENHOUSE GASES; HEAVY METALS; HYDROELECTRIC POWER; HYDROELECTRIC POWER PLANTS; INVESTMENTS; RENEWABLE ENERGY RESOURCES; SOLAR POWER GENERATION; WIND POWER;

POWER GENERATION MIX; STRANDED ASSETS; SUSTAINABILITY INDICATORS; SYSTEM EVOLUTION; TECHNICAL LIFETIME;

SUSTAINABLE DEVELOPMENT;

EID: 84994494776     PISSN: 09596526     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jclepro.2016.09.068     Document Type: Review

References (63)

1. Ambrosini, R.M., Life Extension of Coal-fired Power Plants. 2005, IEA Clean Coal Centre, London [Online] ftp://ftp.cepel.br/download/Heloisa/administrativo/component_view%20life%20extension.pdfview%20life%20extension.pdf [Accessed February 18, 2016].
2. Barbosa, L.S.N.S., Bogdanov, D., Vainikka, P., Breyer, Ch, Hydro, Wind and Solar Power as a Base for a 100% Renewable Energy Supply for South and Central America. 2016 (submitted for publication).
3. Becker, W.L., Braun, R.J., Penev, M., Melaina, M., Production of Fischere-Tropsch liquid fuels from high temperature solid oxide co-electrolysis units. Energy, 47, 2012.
4. [BMWi]-Bundesministerium für Wirtschaft und Energie, Erneuerbare Energien in Zahlen. Nationale und internationale Entwicklung im Jahr 2013. 2014, Zentrum für Sonnenenergie- und Wasserstoff-Forschung Baden-Württemberg (ZSW), Stuttgart; Umweltbundesamt (UBA), Berlin, Germany (October).
5. [BNEF]-Bloomberg New Energy Finance, New Energy Outlook 2015 Long-term Projections of the Global Energy Sector. 2015, BNEF, London.
6. Bogdanov, D., Breyer, Ch., North-East Asian Super Grid for 100% Renewable Energy supply: optimal mix of energy technologies for electricity, gas and heat supply options. Energy Convers. Manag. 112 (2016), 176–190.
7. Breyer, Ch, Tsupari, E., Tikka, V., Vainikka, P., Power-to-gas as an emerging profitable business through creating an integrated value chain. Energy Procedia 73 (2015), 182–189.
8. Buonocore, J.J., Luckow, P., Norris, G., Spengler, J.D., Blewald, B., Fisher, J., Levy, J.I., Health and climate benefits of different energy-efficiency and renewable energy choices. Nat. Clim. Change 6 (2016), 100–105.
9. th 2016].
10. Center for Alternative Technology and Track0, Who's Getting Ready for Zero? – a Report on the State of Play of Zero Carbon Modelling., 2015, Machynlleth and London http://zerocarbonbritain.org/images/pdfs/wgrz-full-report.pdf.
11. Cifre, P.G., Badr, O., Renewable hydrogen utilization for the production of methanol. Energy Convers. Manag. 48 (2006), 519–527.
12. Denholm, P., Margolis, R.M., Land-use requirements and the per-capita solar footprint for photovoltaic generation in the United States. Energy Policy 36 (2008), 3531–3543.
13. Duthie, J.M., Whittington, H.W., Securing renewable energy supplies through carbon dioxide storage in methanol. IEEE. Power Engineering Society Summer Meeting,3 Chicago, United States. July 21–25, 2002.
14. Ebbesen, S.D., Mogensen, M., Electrolysis of carbon dioxide in solid oxide electrolysis cells. J. Power Sources 196 (2009), 349–358.
15. Energiewende, Agora, Comparing the Cost of Low-carbon Technologies: what Is the Cheapest Option?. 2014, Prognos AG, Berlin [Online]. Available: www.prognos.com/fileadmin/pdf/publikationsdatenbank/140417_Prognos_Agora_Analysis_Decarbonisationtechnologies_EN.pdf [Accessed April 24, 2015].
16. Energiewende, Agora, Elf Eckpunkte für einen Kohlekonsens – Konzept zur Schrittweisen Dekarbonisierung des deutschen Stromsektors. 2016, Berlin January www.agora-energiewende.de/fileadmin/Projekte/2015/Kohlekonsens/Agora_Kohlekonsens_KF_WEB.pdf.
17. Epstein, P.R., Buonocore, J.J., Eckerle, K., Hendryx, M., Stout, B.M., Heinberg, R., Clapp, R.W., May, B., Reinhart, N.L., Ahern, M.M., Doshi, S.K., Glustrom, L., Full cost accounting for the life cycle of coal. Ann. N. Y. Acad. Sci. 1219 (2011), 73–98.
18. EURELECTRIC, Flexible Generation: Backing up Renewables. 2011, Renewables Action Plan (RESAP), Brussels, Belgium (October).
19. [EWG]-Energy Watch Group, Fossil and Nuclear Fuels the Supply Outlook. 2013, EWG, Berlin.
20. Fasihi, M., Bogdanov, D., Breyer, Ch, Economics of global gas-to-liquids (GtL) fuels trading based on hybrid PV-Wind power plants. ISES Solar World Congress 2015, Daegu, Korea, November 8–12, 2015 http://bit.ly/2bAMTkj.
21. Fasihi, M., Bogdanov, D., Breyer, Ch, Economics of Global LNG Trading Based on Hybrid PV-wind Power Plants. 2015, 31st EU PVSEC, Hamburg, 14–18 http://bit.ly/2b6MmXn.
22. Fasihi, M., Bogdanov, D., Breyer, Ch, Techno-economic assessment of power-to-liquids (PtL) fuels production and global trading based on hybrid pv-wind power plants. Energy Procedia, 2016 (in press).
23. 2 capture. Energy Econ. 32 (2010), 805–816.
24. Fraunhofer Institute for Solar Energy Systems (ISE), Current and Future Cost of Photovoltaics – Long-term Scenarios for Market Development, System Prices and LCOE of Utility-scale PV Systems. 2015 Study on behalf of Agora Energiewende, Freiburg/Berlin, February www.agora-energiewende.de/fileadmin/Projekte/2014/Kosten-Photovoltaik-2050/AgoraEnergiewende_Current_and_Future_Cost_of_PV_Feb2015_web.pdf.
25. Fthenakis, V.M., Kim, H.C., Photovoltaics: life-cycle analyses. Sol. Energy 85 (2011), 1609–1628.
26. GlobalData, GlobalData Power. 2015, London http://power.globaldata.com/Home.aspx.
27. Götz, M., Lefebvre, J., Mörs, F., McDaniel Koch, A., Graf, F., Bajohr, S., Reimert, R., Kolb, T., Renewable Power-to-Gas: a technological and economic review. Renew. Energy 30 (2015), 1–20.
28. Greenpeace, Smoke & Mirrors – How Europe's Biggest Polluters Became Their Own Regulators. 2015, Greenpeace European Unit, Brussels www.greenpeace.org/eu-unit/Global/eu-unit/reports-briefings/2015/Smoke%20and%20Mirror%20final%20report.pdf.
29. Greenpeace, Quecksilber: Die unterschätzte Gefahr – Gesundheitliche Folgen des giftigen Schwermetalls, study prepared by Forschungs- und Beratungsinstitut Gefahrstoffe GmbH, Freiburg, on behalft of Greenpeace. 2015, Greenpeace Deutschland, Hamburg www.greenpeace.de/files/publications/studie-quecksilber-kalberlahjennrich-20150526.pdf.
30. Greenpeace International, Energy Revolution –- a Sustainable World Energy Outlook Amsterdam. 2015, Netherlands (September).
31. Grubler, A., The costs of the French nuclear scale-up: a case of negative learning by doing. Energy Policy 38 (2010), 5174–5188.
32. Gunter, B., Karau, T., Kastner, E., Warmuth, W., Berechnung einer risikoadäquaten Versicherungsprämie zur Deckung der Haftpflichtrisiken, die aus dem Betrieb von Kernkraftwerken resultieren, study on behalf of Bundesverband Erneuerbare Energien (BEE) prepared by Versicherungsforen Leipzig. 2011, Bundesverband Erneuerbare Energien, Leipzig,.
33. [IIASA]-International Institute for Applied Systems Analysis, Global Energy Assessment (GEA). 2012, IIASA, Laxenburg www.globalenergyassessment.org.
34. [IMF]-International Monetary Fund, How Large Are Global Energy Subsidies?. 2015, IMF, Washington IMF Working Paper, WP/15/105 www.imf.org.
35. International Energy Agency, World Energy Outlook 2015. 2015, Paris (November).
36. [IPCC] Intergovernal Panel on Climate Change, 5th Assessment Synthesis Report: Climate Change 2014., 2014, Geneva, Switzerland.
37. [IPCC]-Intergovernmental Panel on Climate Change, IPCC Special Report on Renewable Energy Sources and Climate Change Mitigation (SRREN)., 2011, IPCC WG3, Geneva www.ipcc.ch.
38. [IRENA]-International Renewable Energy Agency, Renewable Energy Capacity Statistics 2015. 2015, Abu Dhabi www.irena.org/menu/index.aspx?mnu=Subcat&PriMenuID=36&CatID=141&SubcatID=604.
39. Kannan, R., Tso, C.P., Osman, R., Ho, H.K., LCA–LCCA of oil fired steam turbine power plant in Singapore. Energy Convers. Manag. 45 (February 2004), 3093–3107.
40. Lazard Asset Management, Lazard's Levelized Cost of Energy Analysis. 2015 version 9.0. New York [Online]. Available: www.lazard.com/media/2390/lazards-levelized-cost-of-energy-analysis-90.pdf [Accessed December 10, 2015].
41. Liermann, B.R.C., Revenga, C., Lehner, Vörösmarty, C., Fekete, B., Crouzet, P., Döll, P., Endejan, M., Frenken, K., Magome, J., Nilsson, C., Robertson, J., Rödel, R., Sindorf, N., Wisser, D., High Resolution Mapping of the World's Reservoirs and Dams for Sustainable River Flow Management. 2011 Frontiers in Ecology and the Environment. Global Reservoir and Dam (GranD) Database. March www.gwsp.org/products/grand-database.html.
42. Lunn, D., Technical Assessment of the Operation of Coal & Gas Fired Plants, Parsons Brinckerhoff. 2014, Department of Energy and Climate Change (DECC), United Kingdom (December).
43. Maxim, A., Sustainability assessment of electricity generation technologies using weighted multi-criteria decision analysis. Energy Policy 65 (2014), 284–297.
44. st European Photovoltaic Solar Energy Conference, 2015, Hamburg, Germany http://bit.ly/1QDpG1l.
45. Onat, N., Bayar, H., The sustainability indicators of power production systems. Renew. Sustain. Energy Rev. 14 (2010), 3108–3115.
46. Perez, R., Perez, M., A Fundamental Look on Energy Reserves for the Planet. 2009 The IEA SHC Solar Update, 50.
47. Platts, UDI World Electric Power Plants Data Base. 2009, Platts – A Division of The McGraw-Hill, Washington version of March 31.
48. Renewables 100 Policy Institute, GO 100% Renewable Energy, Santa Monica, www.go100percent.org/cms/.
49. Schneider, M., Froggatt, A., The World Nuclear Industry. Status Report 2015., 2015, Mycle Schneider Consulting, Paris, London (July).
50. Sovacool, B.K., Valuing the greenhouse gas emissions from nuclear power: a critical survey. Energy Policy 36 (2008), 2940–2953.
51. Sovacool, B.K., Nugent, D., Gilbert, A., Construction cost overruns and electricity infrastructure: an unavoidable risk?. Electr. J. 27 (2014), 112–120.
52. Staudt, J.E., Control Technologies to Reduce Conventional and Hazardous Air Pollutants from Coal-fired Power Plants. 2011, Andover Technology Partners (March).
53. Sterner, M., Bioenergy and Renewable Power Methane in Integrated 100% Renewable Energy Systems., 2009, University of Kassel Dissertation.
54. Szabó, S., Bódis, K., Motola, V., Kougias, I., Installations of Solar PV Systems on Landfills and Waste Management Sites. 2015, 31st EU PVSEC, Hamburg September 14–18.
55. The Socialist Republic of Viet Nam Online Newspaper of the Government, Plans on Developing Power, Coal Sectors Adjusted. 2016 [Online]. Available: http://news.chinhphu.vn/Home/Plans-on-developing-power-coal-sectors-adjusted/20161/26495.vgp [Accessed: 12.02.2016].
56. th 2016].
57. Tremel, A., Wasserscheid, P., Baldauf, M., Hammer, T., Techno-economic analysis for the synthesis of liquid and gaseous fuels based on hydrogen production via electrolysis. Int. J. Hydrogen Energy 30 (2015), 1–8.
58. [UNFCCC]-United Nations Framework Convention on Climate Change, Adoption of the Paris Agreement – Proposal by the President. 2015, UNFCCC, Paris 2015. [Online]. Available: http://unfccc.int/resource/docs/2015/cop21/eng/l09.pdf [Accessed February 1st 2016].
59. Varone, A., Ferrari, M., Power to liquid and power to gas: an option for the German Energiewende. Renew. Sustain. Energy Rev. 45 (2015), 207–218.
60. Werner, C., Gerlach, A., Masson, G., Orlandi, S., Breyer, Ch, Latest Developments in Global Installed Photovoltaic Capacity and Identification of Hidden Growth Markets, 31st EU PVSEC. 2015, Hamburg September 14–18. September http://bit.ly/2bEkMnj.
61. Wheatley, S., Sovacool, B., Sornette, D., Of Disasters and Dragon Kings: a Statistical Analysis of Nuclear Power Incidents & Accidents ETH. 2015, Zurich [Online]. Available: http://arxiv.org/abs/1504.02380 April [Accessed: May 22, 2015].
62. World Future Council Foundation, 100% Renewables, Hamburg, www.go100re.net/.
63. World Wildlife Foundation, The Energy Report 100% Renewable Energy by 2050., 2011, Gland, Switzerland.