Global S&T Development Trend Analysis Platform of Resources and Environment
Two Key Design Parameters in Clean Electricity Standards | |
Paul Picciano; Kevin Rennert; and Daniel Shawhan | |
2020-02-12 | |
出版年 | 2020 |
国家 | 美国 |
领域 | 资源环境 |
英文摘要 | A clean electricity standard, more commonly called a clean energy standard (CES), can serve as a transformative policy in the electricity sector to deliver significant emissions reductions. Depending on its design, the economic efficiency of emissions reductions under a CES can approach that of a power-sector-only carbon emission pricing policy. Two important design considerations under a CES are (1) the emissions intensity benchmark used to calculate clean energy credits earned by a given electricity generator (and that inherently determines generator eligibility under the policy); and (2) the escalation method of clean energy targets over time. In this issue brief, we employ a power sector simulation model, E4ST, to explore effects of different choices of these two design parameters —reflecting options contained in proposed legislation and under consideration for forthcoming legislation — on power sector greenhouse gas (GHG) emissions, generation, electricity prices and societal benefits and costs, including climate and health impacts from air pollution. Specifically, we compare the effects of the emissions intensity benchmarks and escalation methods in the Clean Energy Standard Act of 2019 (CESA 2019) with those under consideration in the discussion draft of the CLEAN Future Act. CESA 2019 uses a lower benchmark emission rate that does not allow for partial clean energy credits for natural gas generation without carbon capture technology. It also implements a tailored, tiered set of target escalation rates. The draft CLEAN Future Act would use a higher benchmark emission rate that allows partial crediting for natural gas and would employ a uniform linear escalation rate of targets from current clean generation percentages to 100% of retail sales by 2050. We also consider additional cases reflecting the other two combinations of these design choices. The modeling simulations discussed in this brief are intended to be illustrative and explore the relative tradeoffs of changing the benchmark emission rate and escalation method each in isolation. Importantly, though the simulations reflect certain aspects of CESA 2019 and the CLEAN Future Act discussion draft, they do not account for all of their features. Both have additional features that would affect emissions and the composition of the power sector. We observe the following general effects of modifying the benchmark emission rate and the credit requirement escalation method: Carbon Emissions Intensity Benchmark for Crediting
Clean Energy Target Escalation Method
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URL | 查看原文 |
来源平台 | Resources for the Future |
文献类型 | 科技报告 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/275188 |
专题 | 资源环境科学 |
推荐引用方式 GB/T 7714 | Paul Picciano,Kevin Rennert,and Daniel Shawhan. Two Key Design Parameters in Clean Electricity Standards,2020. |
条目包含的文件 | 条目无相关文件。 |
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