ISGT Europe 2022 panel session 12: The Economics of Decarbonization: Optimizing Pathways to Net-Zero Emissions Energy Systems (Slides)
A. Arab, M. Baggu, V. Terzija
IEEE Members: $25.00
Non-members: $40.00Pages/Slides: 44
Decarbonization of the world economy is one of the grand challenges of the 21st century. Transitioning to net-zero emissions (NZE) energy systems by the middle of this century is at the center of this challenge. Achieving NZE milestone by 2050 requires a set of policies, technologies, and economic solutions to design realistic decarbonization targets that can be achieved under time and economic constraints. There is a wide range of transition pathways that can be adopted to achieve decarbonization targets. The adopted pathway, however, will directly impact the decarbonization timeline and economic variables for stakeholders in the process. Reaching these targets without considering the short-, medium-, and long-term economic costs and benefits of reaching and maintaining these targets can result in serious impediment to sustainability of NZE energy systems. Therefore, the economics of decarbonization should be incorporated in technological solutions to streamline their success. This panel intends to address this issue.
Dr. Ali Arab