Keywords: Kyoto Protocol, CO2 emissions, carbon emissions, mitigation cost, multi-objective programming, power generation mix, Taiwan, generation costs, energy policy, electricity generation, greenhouse gas emissions, carbon dioxde
Mitigating CO2 emissions by adjusting the power generation mix in Taiwan
In this paper, we employ a multi-objective programming model to estimate the power generation mix trade-off between generation costs and CO2 emissions in Taiwan. Eight policy scenarios are simulated and compared to the reference and base cases. The empirical results show that, for the electricity sector, CO2 emissions in 2010 could be set at 120% of the 1990 level, by way of promoting cogeneration and gas-fired generation capacity. The estimated per unit mitigation cost of CO2 emission would be US$358/ton. The policy implications are discussed and limitation of this study is also presented.