Strategic Planning for Carbon Capture and Storage Implementation in the Electricity Sector of Greece: A TIMES Based Analysis

Abstract

This paper presents a roadmap performed in 2010 as part of a European project for the modelling of carbon capture and storage technology, and various scenarios with different taxations and permit prices for the CO2 emissions considering the Greek national plans, then the gradual decommissioning of various lignite or other units of electricity power plants. In addition, this study presents a first check, 10 years after its writing, of the current situation of the Greek energy system, regarding the correspondence of the roadmap designed in 2010 to what has been finally executed during this period, including the possibility of other energy sources complimenting or substituting the national strategic energy plans. For this purpose, the integrated MARKAL-EFOM system (TIMES) was employed to model the Greek energy system and evaluate its development over time, until 2040, by analyzing three different scenarios with respect to taxation and permit prices for carbon emissions. The results obtained show that, if this study had been considered and executed by the different stakeholders during that period, then the implementation of CCS in the new licensed power plants from 2010 and onwards could reduce the use of lignite and imported hard coal power production in a much smoother and beneficial way in the next years, and until the present, without compromising any major power plants. This implementation would also make the transition to a lignite free economy in Greece much faster and better, while complimenting the EU regulations and also enhancing the possible greater use of alternative energy sources in the green energy mixture.