Template-Type: ReDIF-Paper 1.0
Title: The Impact of Negative Emissions Technologies and Natural Climate Solutions on Power-Sector Asset Stranding
Abstract: The generation capacity of existing and currently planned power generators goes beyond the limits of a 2°C carbon budget. Some assets will have to be stranded unless carbon is sequestrated with retrofit CCS or the carbon budget is expanded by the large-scale deployment of negative emissions technologies (NETs), potentially including land-based approaches referred to as "natural climate solutions". In this paper, we show that NETs could reduce stranding by 26% to 46% over the course of the century, depending on the pursued climate goal. The bulk of the additional carbon budget is likely to go to efficient gas generators; the stranding of coal-fired power plants occurs irrespective of the availability of NETs. 
Author-Name: Cohen, Francois
Author-Name: Pfeiffer, Alexander
File-URL: https://oms-inet.files.svdcdn.com/production/files/Stranding_Cohen26Pfeiffer_19_Jan_2018.pdf
File-Format: Application/pdf
File-Function: 
Keywords: negative emissions technologies (NETs), carbon budget, stranded assets, climate policy, power generation
Length: 26 pages
Classification-Jel: Q01; Q4; Q54; Q5
Creation-Date: 2018-01
Handle: RePEc:amz:wpaper:2018-02