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Cost-efficient emission abatement of energy and transportation technologies: Mitigation costs and policy impacts for Belgium

Author

Listed:
  • Ellen De Schepper
  • Steven Van Passel
  • Sebastien Lizin
  • Wouter Achten
  • Karel Van Acker

Abstract

In the light of global warming, this paper develops a framework to compare energy and transportation technologies in terms of cost-efficient GHG emission reduction. We conduct a simultaneous assessment of economic and environmental performances through life cycle costing and life cycle assessment. To calculate the GHG mitigation cost, we create reference systems within the base scenario. Further, we extend the concept of the mitigation cost, allowing (i) comparision of technologies given a limited investment resource, and (ii) evaluation of the direct impact of policy measures by means of the subsidized mitigation cost. The framework is illustrated with a case of solar photovoltaics (PV), grid powered battery electric vehicles (BEVs), and solar powered BEVs for a Belgian small and medium sized enterprise. The study's conclusions are that the mitigation cost of solar PV is high, even though this is a mature technology. The emerging mass produced BEVs on the other hand are found to have a large potential for cost-efficient GHG mitigation as indicated by their low cost of mitigation. Finally, based on the subsidized mitigation cost, we conclude that the current financial stimuli for all three investigated technologies are excessive when compared to the CO2 market value under the EU Emission Trading Scheme. © 2014 Springer-Verlag Berlin Heidelberg.

Suggested Citation

  • Ellen De Schepper & Steven Van Passel & Sebastien Lizin & Wouter Achten & Karel Van Acker, 2014. "Cost-efficient emission abatement of energy and transportation technologies: Mitigation costs and policy impacts for Belgium," ULB Institutional Repository 2013/153475, ULB -- Universite Libre de Bruxelles.
    • Handle: RePEc:ulb:ulbeco:2013/153475
    Note: SCOPUS: ar.j
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    Citations

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    Cited by:

    1. Ellen De Schepper & Sebastien Lizin & Bart Durlinger & Hossein Azadi & Steven Van Passel, 2015. "Economic and Environmental Performances of Small-Scale Rural PV Solar Projects under the Clean Development Mechanism: The Case of Cambodia," Energies, MDPI, vol. 8(9), pages 1-23, September.
    2. Ellen De Schepper & Steven Van Passel & Sebastien Lizin & Thomas Vincent & Benjamin Martin & Xavier Gandibleux, 2016. "Economic and environmental multi-objective optimisation to evaluate the impact of Belgian policy on solar power and electric vehicles," Journal of Environmental Economics and Policy, Taylor & Francis Journals, vol. 5(1), pages 1-27, March.
    3. Lei Fu & Yiling Yang & Xiaolong Yao & Xufen Jiao & Tiantian Zhu, 2019. "A Regional Photovoltaic Output Prediction Method Based on Hierarchical Clustering and the mRMR Criterion," Energies, MDPI, vol. 12(20), pages 1-23, October.
    4. Kangda Chen & Fuquan Zhao & Han Hao & Zongwei Liu, 2018. "Synergistic Impacts of China’s Subsidy Policy and New Energy Vehicle Credit Regulation on the Technological Development of Battery Electric Vehicles," Energies, MDPI, vol. 11(11), pages 1-19, November.

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