Article ID: | iaor20133443 |
Volume: | 47 |
Issue: | 2 |
Start Page Number: | 447 |
End Page Number: | 455 |
Publication Date: | Aug 2012 |
Journal: | Energy Policy |
Authors: | Lilliestam Johan, Patt Anthony G, Bielicki Jeffrey M |
Keywords: | economics, risk |
Coal power coupled with Carbon [Dioxide] Capture and Storage (CCS), and Concentrating Solar Power (CSP) technologies are often included in the portfolio of climate change mitigation options intended to decarbonize electricity systems. Both of these technologies can provide baseload electricity, are in early stages of maturity, and have benefits, costs, and obstacles. We compare and contrast CCS applied to coal‐fired power plants with CSP. At present, both technologies are more expensive than existing electricity‐generating options, but costs should decrease with large‐scale deployment, especially in the case of CSP. For CCS, technological challenges still remain, storage risks must be clarified, and regulatory and legal uncertainties remain. For CSP, current challenges include electricity transmission and business models for a rapid and extensive expansion of high‐voltage transmission lines. The need for international cooperation may impede CSP expansion in Europe.