Abstract
We investigate what drives differences in the project appraisal of biomass and natural gas combined heat and power (CHP) projects in two countries with very similar energy profiles. This is of importance as the European Commission is assessing the potential scope of harmonizing renewable electricity support schemes post 2020. Concurrently, it is also promoting the use of cost benefit analysis (CBA) for transnational energy infrastructure projects. We use CBA to assess the same project proposal in Denmark and the Netherlands, following the respective country's guidelines. We find that especially the fuel costs and the valuation of emissions drive the differences. Furthermore, we establish that the sensitivity of the CBA results not only from policy differences in the countries, but also from differences in the methodology used.
| Original language | English |
|---|---|
| Pages (from-to) | 1095-1102 |
| Number of pages | 8 |
| Journal | Renewable Energy |
| Volume | 86 |
| DOIs | |
| Publication status | Published - Feb 2016 |
Keywords
- Cost-benefit analysis
- Combined heat and power
- Net present value
Access to Document
- Scholtens_2016_RE_CHPProjects_AAM
Copyright © 2015 Elsevier Ltd. This work is made available online in accordance with the publisher’s policies. This is the author created, accepted version manuscript following peer review and may differ slightly from the final published version. The final published version of this work is available at https://dx.doi.org/10.1016/j.renene.2015.09.032