Biomass district energy trigeneration systems: Emissions reduction and financial impact

Rentizelas, A; Tolis, A; Tatsiopoulos, I

dc.contributor.author	Rentizelas, A	en
dc.contributor.author	Tolis, A	en
dc.contributor.author	Tatsiopoulos, I	en
dc.date.accessioned	2014-03-01T02:45:58Z
dc.date.available	2014-03-01T02:45:58Z
dc.date.issued	2009	en
dc.identifier.issn	15677230	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/32499
dc.subject	Biomass	en
dc.subject	District energy	en
dc.subject	Economic analysis	en
dc.subject	Emissions trading	en
dc.subject	Greenhouse gases	en
dc.subject	Trigeneration	en
dc.subject.other	biomass	en
dc.subject.other	cost-benefit analysis	en
dc.subject.other	emission control	en
dc.subject.other	emissions trading	en
dc.subject.other	environmental impact	en
dc.subject.other	European Union	en
dc.subject.other	financial provision	en
dc.subject.other	power generation	en
dc.subject.other	United Nations	en
dc.subject.other	Eurasia	en
dc.subject.other	Europe	en
dc.subject.other	Greece	en
dc.subject.other	Southern Europe	en
dc.title	Biomass district energy trigeneration systems: Emissions reduction and financial impact	en
heal.type	conferenceItem	en
heal.identifier.primary	10.1007/s11267-008-9202-x	en
heal.identifier.secondary	http://dx.doi.org/10.1007/s11267-008-9202-x	en
heal.publicationDate	2009	en
heal.abstract	Biomass cogeneration is widely used for district heating applications in central and northern Europe. Biomass trigeneration on the other hand, constitutes an innovative renewable energy application. In this work, an approved United Nations Framework Convention on Climate Change baseline methodology has been extended to allow the examination of biomass trigeneration applications. The methodology is applied to a case study in Greece to investigate various environmental and financial aspects of this type of applications. The results suggest that trigeneration may lead to significant emissions reduction compared to using fossil fuels or even biomass cogeneration and electricity generation. The emissions reduction achieved may be materialized into a considerable revenue stream for the project, if traded through a trading mechanism such as the European Union Greenhouse Gas Emission Trading Scheme. A sensitivity analysis has been performed to compensate for the high volatility of the emission allowances' value and the immaturity of the EU Trading Scheme, which prevent a reliable estimation of the related revenue. The work concludes that emission allowances trading may develop into one of the major revenue streams of biomass trigeneration projects, significantly increasing their financial yield and attractiveness. The impact on the yield is significant even for low future values of emission allowances and could become the main income revenue source of such projects, if emission allowances increase their value substantially. The application of trigeneration for district energy proves to lead to increased environmental and financial benefits compared to the cogeneration or electricity generation cases. © 2008 Springer Science+Business Media B.V.	en
heal.journalName	Water, Air, and Soil Pollution: Focus	en
dc.identifier.doi	10.1007/s11267-008-9202-x	en
dc.identifier.volume	9	en
dc.identifier.issue	1-2	en
dc.identifier.spage	139	en
dc.identifier.epage	150	en