Pricing can cut CO2 emissions from electric generators

Apr 28, 2008

Levying a price on carbon dioxide released by electric generators could considerably reduce greenhouse gas emissions — even before the deployment of any environmentally friendly technology — according to scientists in Pennsylvania. Their report is scheduled for the May 1 issue of ACS’ Environmental Science & Technology.

In the study, Jay Apt and colleagues explain that placing a price on greenhouse gas emissions has gained favor as a way to encourage utility investment in alternative technology, such as capturing carbon dioxide from smokestacks before its release into the atmosphere.

They estimate a price of $35 per metric ton on generators’ CO2 emissions would decrease consumer demand for electricity. As a result, utilities would burn less fuel, release less carbon dioxide and cause emissions to fall by as much as 10 percent.

The study concluded that two of the nation’s largest electric generation and transmission systems are likely to see large CO2 reductions even with a modest price on emissions. “A price on carbon dioxide emissions that has been shown in earlier work to stimulate investment in new generation technology also provides significant CO2 reductions before new technology is deployed at large scale,” the report says.

Source: ACS

Explore further: Tourists evacuated amid Iceland volcano concerns

add to favorites email to friend print save as pdf

Related Stories

Regulations only a first step in cutting emissions

Jul 29, 2014

Intensifying calls for action on climate change have led to a variety of proposed regulations to cut greenhouse gas emissions from specific sources of the economy, including, most recently, the environmental ...

An overview of President Obama's climate proposal

Jun 26, 2014

The evidence of climate change is all around us – in the melting icecaps, rising global temperature, and the warming oceans. The International Energy Agency cautions that we need to reduce our consumption ...

Recommended for you

NASA image: Signs of deforestation in Brazil

11 hours ago

Multiple fires are visible in in this image of the Para and Mato Grosso states of Brazil. Many of these were most likely intentionally set in order to deforest the land. Deforestation is the removal of a ...

Sunblock poses potential hazard to sea life

12 hours ago

The sweet and salty aroma of sunscreen and seawater signals a relaxing trip to the shore. But scientists are now reporting that the idyllic beach vacation comes with an environmental hitch. When certain sunblock ...

Is falling recycling rate due to 'green fatigue'?

12 hours ago

It's been suggested that a recent fall in recycling rates is due to green fatigue, caused by the confusing number of recycling bins presented to householders for different materials. Recycling rates woul ...

Study to inform Maryland decision on "fracking"

15 hours ago

The Maryland Department of Environment and Department of Health and Mental Hygiene released on August 18, 2014, a report by the University of Maryland School of Public Health, which assesses the potential ...

User comments : 2

Adjust slider to filter visible comments by rank

Display comments: newest first

mikiwud
2 / 5 (4) Apr 28, 2008
I see no names,only "scientists"!We can not personally call them pratts.This is the crap already in place in Europe in part causing rises in power prices hitting the less well off and causing "power poverty".ALL taxes are passed on to the customer.It costs the rich more,the poor can't afford it.Increases in power costs hits industry thus loosing jobs and driving then to countries without these silly taxes.
Rick69
2 / 5 (4) Apr 29, 2008
What a joke! It doesn't take scientists to discover the basic law of supply and demand and price elasticity. Any beginning economics student could have told us the same thing. In fact, just about any high school student could tell you that if you make the price of something higher, people will use less of it. Physorg is really reaching for something to post on this site.