A project of Evaluation of the cost reduction and economic impact of industrial GHGs 

Abstract:

The content of this project includes four parts. To assess the possible economic impacts of proposed draft of carbon emission standard for electric power plants is the major task in the first part. A two stage integrated model which could capture the interaction between power sector and the rest of the whole economy was adopted to assess the impact of implement of carbon emission standard. The various of simulations based on different scenarios are provided as outcomes. Thus, the policy applications were suggested based on the assessment results. In the second part, we review the newest technical reports about the GHGs reduction technologies and cost information first, and try to identify which technologies could be applied in Taiwan and what are the cost. There are three topics we chosen to analyze further, they are: CCS cost case study analysis, the reduction potential and cost of renewable energy according to the current deployment of Taiwan government, and the reduction measures in electric power demand side and their costs, respectively. In addition, we also review the current status of international carbon markets and estimate the possible carbon price in Taiwan market based on updating demand and supply data. Third, the international decision making procedure of CDM on investment additionality is investigated. The localized industrial benchmarks are then established and updating based on the empirical data. Furthermore, eight cases of investment analysis of Offset Project applications and ten international CDM methodologies have examined by this project to facilitate the work of EPA. To assist with analysis and review the individual case of GHGs emissions evaluation and case tracking, this project has examined 60 cases of environment development activities and three tracking cases have been checked with report for each individual case. 

Finally, a series of training programs and consulting meeting are held so as to support the issues about the GHGs management.