IEA Energy Papers

The International Energy Agency (IEA) advises its 28 member countries on sound energy policy, which seeks to balance energy security, economic growth and environmental concerns. The IEA Energy Papers offer in-depth investigation of energy topics, and explore emerging issues and challenges in the energy sector. These papers will be of much interest to energy experts, policy makers, industry and the general public.


The Economics of Transition in the Power Sector

Power generation from fossil fuel is one of the largest sources of greenhouse gas emissions, representing 41% of global energy-related CO2 emissions. Combined with the fact that there are a number of low-carbon technologies available for generating electricity, the sector is therefore a key policy target for delivering near-term and long-term reductions in emissions. This report identifies the importance of these risk factors in the economics of transition by illustrating the case of investment in the power sector. To a great extent, the transition to a lowcarbon power sector means dealing with coal plants, which is the largest contributor, accounting for 73% of global power sector CO2 emissions, and particularly those from the United States, Europe and China, which contribute 17%, 9% and 24% respectively of global power sector CO2 emissions.


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