Power generation and pollutant emissions in the European Union: A mean-variance model

JOURNAL OF CLEANER PRODUCTION

卷:181

Article

deLlano-Paz, Fernando¹  Calvo-Silvosa, Anxo¹  Iglesias Antelo, Susana¹  Soares, Isabel^2,3 

[1] Univ A Coruna, Fac Econ & Business, Dept Financial Econ & Accounting, Elvina Campus, La Coruna 15071, Spain

[2] Univ Porto, Fac Econ, Rua Dr Roberto Frias, P-4200464 Porto, Portugal

[3] Univ Porto, CEF UP, Rua Dr Roberto Frias, P-4200464 Porto, Portugal

关键词: Portfolio theory;    Energy planning;    Environmental impact;    Power generation;    Pollutant emissions;   

DOI  :  10.1016/j.jclepro.2018.01.108

来源: Elsevier

【 摘 要 】

In this work, portfolio theory is applied to efficient electricity generation from both an economic and environmental point of view. The proposed model includes all the generation costs for different technologies, including externalities; the risk derived from them, and a set of constraints on the emission of pollutant gases, such as carbon dioxide, sulphur dioxide, nitrogen oxides and particulate matter. Our results show that the EU technology portfolio, as proposed by the International Energy Agency for the 2030 horizon, is far from efficient. The joint cost-risk-environmental perspective confirms the need to increase the share of renewable energy technologies in the European energy mix, including photovoltaic energy, and to promote wind power as much as possible, to reduce the environmental impact. It is also necessary to continue to rely on hydro, CCS and nuclear technologies, in order to optimize the cost-risk tradeoff and the security of supply. In addition, it is concluded that restrictions on other pollutant gases should be also imposed, because they would contribute to reducing the environmental impact, with a relatively small increase in terms of cost-risk. (C) 2018 Elsevier Ltd. All rights reserved.

【 授权许可】

Free