Venue: Lab14 Seminar Room, 290
Presenters: Associate Professor Frank Jotzo
In this seminar Assoc. Prof. Frank Jotzo will present his recent paper on a market mechanism for a regulated exit of highly emissions intensive power stations from the electricity grid.
The starting point is that there is surplus capacity in coal fired power generation in Australia. In the absence of a carbon price signal, black coal generation capacity may leave the market instead of high emitting brown coal power stations.
The proposal could overcome adverse incentive effects for plants to stay in operation in anticipation of payment for closure and solve the political difficulties and problems of information asymmetry that plague government payments for closure and direct regulation for exit.
Exploring the theoretical issues with empirical illustrations suggests that closure of a brown coal fired power station in Australia could yield emissions savings at costs that are lower than the social benefits.
from
https://events.unimelb.edu.au/events/6411-frank-jotzo-brown-coal-exit-a-market-mechanism-for
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