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Monetization of External Costs Using Lifecycle Analysis--A Comparative Case Study of Coal-Fired and Biomass Power Plants in Northeast China.
- Source :
-
Energies (19961073) . 2015, Vol. 8 Issue 2, p1440-1467. 28p. 3 Diagrams, 10 Charts, 5 Graphs. - Publication Year :
- 2015
-
Abstract
- In this study, the structures of external costs are built in line with coal-fired and biomass power plant life cycle activities in Northeast China. The external cost of coal-fired and biomass power plants was compared, using the lifecycle approach. In addition, the external costs of a biomass power plant are calculated for each stage for comparison with those of a coal-fired power plant. The results highlight that the external costs of a coal-fired plant are 0.072 US $/kWh, which are much higher than that of a biomass power plant, 0.00012 US$/kWh. The external cost of coal-fired power generation is as much as 90% of the current price of electricity generated by coal, while the external cost of a biomass power plant is 1/1000 of the current price of electricity generated by biomass. In addition, for a biomass power plant, the external cost associated with SO2, NOX, and PM2.5 are particularly lower than those of a coal-fired power plant. The prospect of establishing precise estimations for external cost mechanisms and sustainable energy policies is discussed to show a possible direction for future energy schemes in China. The paper has significant value for supporting the biomass power industry and taxing or regulating coal-fired power industry to optimize the energy structure in China. [ABSTRACT FROM AUTHOR]
- Subjects :
- *MONETIZATION
*BIOMASS energy industries
*COAL
*RENEWABLE energy sources
Subjects
Details
- Language :
- English
- ISSN :
- 19961073
- Volume :
- 8
- Issue :
- 2
- Database :
- Academic Search Index
- Journal :
- Energies (19961073)
- Publication Type :
- Academic Journal
- Accession number :
- 101064880
- Full Text :
- https://doi.org/10.3390/en8021440