Minimum marginal abatement cost curves (Mini-MAC) for CO2 emissions reduction planning
<p>The economic impact of CO2 emissions reduction requirements demands strategic planning to identify low-cost CO2 mitigation pathways from combinations of the many available CO2 emissions reduction options. Different tools have been developed to plan minimal cost CO2 reduction pathways taking...
Saved in:
| Main Author: | |
|---|---|
| Other Authors: | , |
| Published: |
2022
|
| Subjects: | |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1864513567956402176 |
|---|---|
| author | Mohammad Lameh (14150826) |
| author2 | Dhabia M. Al-Mohannadi (11033967) Patrick Linke (1266018) |
| author2_role | author author |
| author_facet | Mohammad Lameh (14150826) Dhabia M. Al-Mohannadi (11033967) Patrick Linke (1266018) |
| author_role | author |
| dc.creator.none.fl_str_mv | Mohammad Lameh (14150826) Dhabia M. Al-Mohannadi (11033967) Patrick Linke (1266018) |
| dc.date.none.fl_str_mv | 2022-11-22T21:12:44Z |
| dc.identifier.none.fl_str_mv | 10.1007/s10098-021-02095-y |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/Minimum_marginal_abatement_cost_curves_Mini-MAC_for_CO2_emissions_reduction_planning/21597141 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Environmental biotechnology Environmental and resources law Management, Monitoring, Policy and Law Environmental Chemistry Environmental Engineering General Business, Management and Accounting Economics and Econometrics |
| dc.title.none.fl_str_mv | Minimum marginal abatement cost curves (Mini-MAC) for CO2 emissions reduction planning |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p>The economic impact of CO2 emissions reduction requirements demands strategic planning to identify low-cost CO2 mitigation pathways from combinations of the many available CO2 emissions reduction options. Different tools have been developed to plan minimal cost CO2 reduction pathways taking into consideration various options such as CO2 capture, utilization, and sequestration (CCUS), shifting from fossil to renewable energy sources, as well as adopting sector-specific low emissions technologies. Current methods used to support strategic planning include high-level tools that cannot account for many possible options or fail to incorporate cost objective, and complex optimization approaches that are capable of identifying detailed low-cost solutions yet are demanding to use and often yield complex solutions in terms of processing schemes that are not easily understood by strategic planners. To address these limitations, a simple and clear methodology is proposed that allows to determine minimum cost CO2 reduction pathways from the rich set of available options. The novel methodology employs an algebraic targeting technique that yields minimum marginal abatement cost (Mini-MAC) curves to clearly represent the low-cost CO2 emissions reduction pathway available. The application of the methodology is illustrated with an example to develop minimum cost emissions reduction pathways considering CCUS, power shifting options, and negative emissions technologies. The benefits of the proposed Mini-MAC curves over alternative methods stem from their richness in terms of assessing CCUS, energy management options, and various integration options. Further, the clarity of the proposed Mini-MAC curves enables planners to easily understand available minimum cost pathways when developing strategies aimed at achieving low-cost CO2 emissions reduction.</p> <p>Graphical abstract</p><h2>Other Information</h2> <p> Published in: Clean Technologies and Environmental Policy<br> License: <a href="https://creativecommons.org/licenses/by/4.0" target="_blank">https://creativecommons.org/licenses/by/4.0</a><br>See article on publisher's website: <a href="http://dx.doi.org/10.1007/s10098-021-02095-y" target="_blank">http://dx.doi.org/10.1007/s10098-021-02095-y</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_7a6d4d56a2b861ec5a03a844bf70fa65 |
| identifier_str_mv | 10.1007/s10098-021-02095-y |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/21597141 |
| publishDate | 2022 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | Minimum marginal abatement cost curves (Mini-MAC) for CO2 emissions reduction planningMohammad Lameh (14150826)Dhabia M. Al-Mohannadi (11033967)Patrick Linke (1266018)Environmental biotechnologyEnvironmental and resources lawManagement, Monitoring, Policy and LawEnvironmental ChemistryEnvironmental EngineeringGeneral Business, Management and AccountingEconomics and Econometrics<p>The economic impact of CO2 emissions reduction requirements demands strategic planning to identify low-cost CO2 mitigation pathways from combinations of the many available CO2 emissions reduction options. Different tools have been developed to plan minimal cost CO2 reduction pathways taking into consideration various options such as CO2 capture, utilization, and sequestration (CCUS), shifting from fossil to renewable energy sources, as well as adopting sector-specific low emissions technologies. Current methods used to support strategic planning include high-level tools that cannot account for many possible options or fail to incorporate cost objective, and complex optimization approaches that are capable of identifying detailed low-cost solutions yet are demanding to use and often yield complex solutions in terms of processing schemes that are not easily understood by strategic planners. To address these limitations, a simple and clear methodology is proposed that allows to determine minimum cost CO2 reduction pathways from the rich set of available options. The novel methodology employs an algebraic targeting technique that yields minimum marginal abatement cost (Mini-MAC) curves to clearly represent the low-cost CO2 emissions reduction pathway available. The application of the methodology is illustrated with an example to develop minimum cost emissions reduction pathways considering CCUS, power shifting options, and negative emissions technologies. The benefits of the proposed Mini-MAC curves over alternative methods stem from their richness in terms of assessing CCUS, energy management options, and various integration options. Further, the clarity of the proposed Mini-MAC curves enables planners to easily understand available minimum cost pathways when developing strategies aimed at achieving low-cost CO2 emissions reduction.</p> <p>Graphical abstract</p><h2>Other Information</h2> <p> Published in: Clean Technologies and Environmental Policy<br> License: <a href="https://creativecommons.org/licenses/by/4.0" target="_blank">https://creativecommons.org/licenses/by/4.0</a><br>See article on publisher's website: <a href="http://dx.doi.org/10.1007/s10098-021-02095-y" target="_blank">http://dx.doi.org/10.1007/s10098-021-02095-y</a></p>2022-11-22T21:12:44ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1007/s10098-021-02095-yhttps://figshare.com/articles/journal_contribution/Minimum_marginal_abatement_cost_curves_Mini-MAC_for_CO2_emissions_reduction_planning/21597141CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/215971412022-11-22T21:12:44Z |
| spellingShingle | Minimum marginal abatement cost curves (Mini-MAC) for CO2 emissions reduction planning Mohammad Lameh (14150826) Environmental biotechnology Environmental and resources law Management, Monitoring, Policy and Law Environmental Chemistry Environmental Engineering General Business, Management and Accounting Economics and Econometrics |
| status_str | publishedVersion |
| title | Minimum marginal abatement cost curves (Mini-MAC) for CO2 emissions reduction planning |
| title_full | Minimum marginal abatement cost curves (Mini-MAC) for CO2 emissions reduction planning |
| title_fullStr | Minimum marginal abatement cost curves (Mini-MAC) for CO2 emissions reduction planning |
| title_full_unstemmed | Minimum marginal abatement cost curves (Mini-MAC) for CO2 emissions reduction planning |
| title_short | Minimum marginal abatement cost curves (Mini-MAC) for CO2 emissions reduction planning |
| title_sort | Minimum marginal abatement cost curves (Mini-MAC) for CO2 emissions reduction planning |
| topic | Environmental biotechnology Environmental and resources law Management, Monitoring, Policy and Law Environmental Chemistry Environmental Engineering General Business, Management and Accounting Economics and Econometrics |