Analysis of Costs and Time Frame for Reducing CO2 Emissions by 70% in the U.S. Auto and Energy Sectors by 2050
| Autor: | Sarang D. Supekar, Steven J. Skerlos |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
Engineering
business.industry 020209 energy Automotive industry 02 engineering and technology General Chemistry Environmental economics Variable cost Indirect costs Time frame 0202 electrical engineering electronic engineering information engineering Environmental Chemistry Electricity business Simulation Energy (signal processing) |
| Zdroj: | Environmental Science & Technology. 51:10932-10942 |
| ISSN: | 1520-5851 0013-936X |
| DOI: | 10.1021/acs.est.7b01295 |
| Popis: | Using a least-cost optimization framework, it is shown that unless emissions reductions beyond those already in place begin at the latest by 2025 (±2 years) for the U.S. automotive sector, and by 2026 (−3 years) for the U.S. electric sector, 2050 targets to achieve necessary within-sector preventative CO2 emissions reductions of 70% or more relative to 2010 will be infeasible. The analysis finds no evidence to justify delaying climate action in the name of reducing technological costs. Even without considering social and environmental damage costs, delaying aggressive climate action does not reduce CO2 abatement costs even under the most optimistic trajectories for improvements in fuel efficiencies, demand, and technology costs in the U.S. auto and electric sectors. In fact, the abatement cost for both sectors is found to increase sharply with every year of delay beyond 2020. When further considering reasonable limits to technology turnover, retirements, and new capacity additions, these costs would be hi... |
| Databáze: | OpenAIRE |
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