Featured Research

from universities, journals, and other organizations

Pricing Can Cut Carbon Dioxide Emissions From Electric Generators

Date:
April 28, 2008
Source:
American Chemical Society
Summary:
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.

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.

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.

The article "Short Run Effects of a Price on Carbon Dioxide Emissions from U.S. Electric Generators" is scheduled for the May 1 issue of ACS' Environmental Science & Technology.



Story Source:

The above story is based on materials provided by American Chemical Society. Note: Materials may be edited for content and length.


Cite This Page:

American Chemical Society. "Pricing Can Cut Carbon Dioxide Emissions From Electric Generators." ScienceDaily. ScienceDaily, 28 April 2008. <www.sciencedaily.com/releases/2008/04/080428091839.htm>.
American Chemical Society. (2008, April 28). Pricing Can Cut Carbon Dioxide Emissions From Electric Generators. ScienceDaily. Retrieved September 21, 2014 from www.sciencedaily.com/releases/2008/04/080428091839.htm
American Chemical Society. "Pricing Can Cut Carbon Dioxide Emissions From Electric Generators." ScienceDaily. www.sciencedaily.com/releases/2008/04/080428091839.htm (accessed September 21, 2014).

Share This



More Earth & Climate News

Sunday, September 21, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

Will Climate Rallies Spur Change?

Will Climate Rallies Spur Change?

Newsy (Sep. 21, 2014) Organizers of the People's Climate March and other rallies taking place in 166 countries hope to move U.N. officials to action ahead of their summit. Video provided by Newsy
Powered by NewsLook.com
Thousands March in NYC Over Climate Change

Thousands March in NYC Over Climate Change

AP (Sep. 21, 2014) Accompanied by drumbeats, wearing costumes and carrying signs, thousands of demonstrators filled the streets of Manhattan and other cities around the world on Sunday to urge policy makers to take action on climate change. (Sept. 21) Video provided by AP
Powered by NewsLook.com
Climate Change Rally Held in India Ahead of UN Summit

Climate Change Rally Held in India Ahead of UN Summit

AFP (Sep. 20, 2014) Some 125 world leaders are expected to commit to action on climate change at a UN summit Tuesday called to inject momentum in struggling efforts to tackle global warming. Duration: 00:41 Video provided by AFP
Powered by NewsLook.com
New Music With Recycled Instruments at Colombia Fest

New Music With Recycled Instruments at Colombia Fest

AFP (Sep. 19, 2014) Jars, bottles, caps and even a pizza box, recovered from the trash, were the elements used by four musical groups at the "RSFEST2014 Sonorities Recycling Festival", in Colombian city of Cali. Duration: 00:49 Video provided by AFP
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:

Breaking News:
from the past week

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile: iPhone Android Web
Follow: Facebook Twitter Google+
Subscribe: RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins