Generating Electricity in a Carbon-Constrained World

The electric power sector is what keeps modern economies going, and historically, fossil fuels provided the bulk of the energy need to generate electricity, with coal a dominant player in many parts of the world. Now with growing concerns about global climate change, this historical dependence on fossil-fuels, especially those rich in carbon, are being questioned. Examining the implications of the industry's future in a carbon-constrained world, a distinct reality, is the subject of this book.

Containing contributions from renowned scholars and academics from around the world, this book explores the various energy production options available to power companies in a carbon-constrained world. The three part treatment starts with a clear and rigorous exposition of the short term options including Clean Coal and Carbon Capture and Sequestration Technology, Coal, and Emission trading. Renewable energy options such as Nuclear Energy, Wind power, Solar power, Hydro-electric, and Geothermal energy are clearly explained along with their trade-offs and uncertainties inherent in evaluating and choosing different energy options and provides a framework for assessing policy solutions.

This is followed by self-contained chapters of case-studies from all over the world. Other topics discussed in the book are Creating markets for tradable permits in the emerging carbon era, Global Action on Climate Change, The Impossibility of Staunching World CO2 Emissions and Energy efficiency.

Part One: Short Term Options 1. Carbon and climate change 2. Coal 3. Clean Coal and Carbon Capture and Sequestration Technology 4. Emission trading 5. Creating markets for tradable permits in the emerging carbon era 6. Global Action on Climate Change 7. The Impossibility of Staunching World CO2 Emissions

Part Two: Renewable Energy Solutions 8 & 9. Energy efficiency 10. Nuclear Energy 11. Wind power 12. Solar power 13. Hydro-electric 14. Geothermal energy 15. Biofuels 16. Per capita carbon allowances

Part Three: Case studies 16. The economics, politics and mechanics of meeting California's carbon mandate 17. ISOs, regional electricity markets, and greenhouse gas policy 18. Life after coal? 19. British electricity industry's carbon challenge 20 & 21. China 22. Beyond Fossil Fuels

• Clearly explains short term and long term options
• Contributions from renowned scholars and academics from around the world
• Case-studies from all over the world