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Financing coal-fired power plant to demonstrate CCS (carbon capture and storage) through an innovative policy incentive in China

Yang, Lin; Xu, Mao; Fan, Jingli; Liang, Xi; Zhang, Xian; Lv, Haodong; Wang, Dong

Description

Traditional policy incentives for carbon capture and storage (CCS) mainly rely on fiscal subsidies, which tend to put an inordinate strain on public finances. This study attempts to explore a non-fiscal incentive policy, granting a time extension (extra electricity quota), to finance early CCS demonstration projects in China. We find that coal-fired power plant (CFPP) operate at a loss even without CCS retrofitting under the current electricity quota (4000 h per year), while it can make profits...[Show more]

CollectionsANU Research Publications
Date published: 2021
Type: Journal article
URI: http://hdl.handle.net/1885/299472
Source: Energy Policy
DOI: 10.1016/j.enpol.2021.112562

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