Climate change external cost appraisal of electricity generation systems from a life cycle perspective: the case of Greece

Abstract

Abstract The aim of the present work is to estimate the carbon footprint of the Greek electricity sector and the associated damages. This is being realized by quantifying the external cost related with the climate change airborne emissions (i.e. carbon dioxide) generated during all stages of the power plants life cycle in Greece. For this purpose, the paper applies the EcoSenseLE tool, together with the basic principles of the Life Cycle Assessment (LCA) approach. The examined external cost has been calculated for seven types of power plants. Results show that hydro and wind power plants have an excellent performance; close to them is the performance of PV and biomass-fired power plants. The performance of natural gas-fired power plants is good, while the performance of oil-fired power plants is, as it is expected poor. Lignite clearly has the worst performance, which affects the average external cost of the sector, since it is the dominant energy source in electricity production in Greece. Regarding the life cycle stages, for thermal systems, the climate change external cost is primarily made of CO2 emitted at the power plant, while in hydro, wind and PV systems, it is totally associated with the plant construction stage. Moreover, the paper includes also issues regarding the evolution of the examined footprint within the next years, considering the various Greek national policies and measures that have been announced and started to be realized; the cost/benefit analysis (CBA) of these policies and measures based on this footprint; and the investigation if this CBA is being affected by the CO2 abatement cost associated with the various external cost estimation approaches.