Kiel Working Papers, Kiel Institute for World Economics
No 1527:
An Economic and Environmental Assessment of Carbon Capture and Storage (CCS) Power Plants – A Case Study for the City of Kiel
Sören Lindner, Sonja Peterson and Wilhelm Windhorst
Abstract: In the next years several power plants throughout Europe
have to be replaced and the questions is whether to build coal fired power
plants with carbon capture and storage (CCS). In a study for the city of
Kiel in northern Germany only a 800 MW coal power plant reaches a required
minimum rentability. We use the study for an additional economic and
environmental evaluation of a coal plant with CCS. We find that integrated
gasification combined cycle (IGCC) plants with CCS have in two out of three
carbon and energy price scenarios the largest rentability. Pulverized coal
(PC) plants with CCS can only compete with other options under very
favourable assumptions. Life-cycle emissions from CCS are less than 70% of
a coal plant – compared to at least more than 80% when only considering
direct emissions from plants. Still, life-cycle emissions are lower than in
any other assessed option
Keywords: coal fired power plants, carbon capture and storage (CCS), cash flow analysis, life cycle analysis; (follow links to similar papers)
JEL-Codes: Q49,; Q54,; Q59; (follow links to similar papers)
24 pages, June 2009
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