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dc.contributor.authorWest, Jason
dc.contributor.editorAkimov, Alexandr
dc.date.accessioned2020-01-16T08:01:32Z
dc.date.available2020-01-16T08:01:32Z
dc.date.issued2011
dc.identifier.issn1836-8123
dc.identifier.otherRePEc:gri:fpaper:finance:201105
dc.identifier.urihttp://hdl.handle.net/10072/390409
dc.description.abstractWith the growth in liberalised electricity markets and the advent of climate change policy imposing a price on emissions, investment in the global future energy mix will be greatly dependent on the expected generation cost of alternate energy sources. The implicit capital, operating and fuel costs of major electricity generation technologies, including the cost of carbon dioxide emissions, are compared for developed and developing nations using a levelised cost of energy approach. This relatively simple analytical tool allows investors to directly compare alternative technologies which have different scales of operation and investment horizons on a stand-alone basis. The analysis demonstrates that fossil fuels will continue to remain competitive relative to nuclear, hydro and wind generation sources over the long term in OECD countries and highlights the large cost advantage of fossil fuel generation relative to renewable technologies in non-OECD nations. The study also shows that the price applied to carbon-dioxide emissions may need to significantly increase to induce behavioural change in power generation investment in the absence of direct regulation.
dc.format.extent28 pages
dc.languageEnglish
dc.publisherGriffith University
dc.publisher.placeBrisbane, Australia
dc.relation.ispartofpagefrom1
dc.relation.ispartofpageto28
dc.subject.keywordsG00 - Financial Economics: General
dc.subject.keywordsEnergy
dc.subject.keywordsInvestment
dc.title2011-05: A comparative analysis of the future cost of electricity generation in OECD and non-OECD countries (Working paper)
dc.typeReport
dc.type.descriptionDiscussion Paper
gro.facultyGriffith Business School
gro.description.notepublicFinance
gro.rights.copyrightCopyright © 2010 by author(s). No part of this paper may be reproduced in any form, or stored in a retrieval system, without prior permission of the author(s).
gro.date.issued2011
gro.hasfulltextFull Text
gro.griffith.authorWest, Jason


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