A comparison of cost-benefit analysis of biomass and natural gas CHP projects in Denmark and the Netherlands
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We investigate what drives differences in the project appraisal of biomass and natural gas combined heat and power (CHP) projects in two countries with very similar energy profiles. This is of importance as the European Commission is assessing the potential scope of harmonizing renewable electricity support schemes post 2020. Concurrently, it is also promoting the use of cost benefit analysis (CBA) for transnational energy infrastructure projects. We use CBA to assess the same project proposal in Denmark and the Netherlands, following the respective country's guidelines. We find that especially the fuel costs and the valuation of emissions drive the differences. Furthermore, we establish that the sensitivity of the CBA results not only from policy differences in the countries, but also from differences in the methodology used.
Groth , T & Scholtens , B 2016 , ' A comparison of cost-benefit analysis of biomass and natural gas CHP projects in Denmark and the Netherlands ' Renewable Energy , vol 86 , pp. 1095-1102 . DOI: 10.1016/j.renene.2015.09.032
Copyright © 2015 Elsevier Ltd. This work is made available online in accordance with the publisher’s policies. This is the author created, accepted version manuscript following peer review and may differ slightly from the final published version. The final published version of this work is available at https://dx.doi.org/10.1016/j.renene.2015.09.032
The authors are grateful for the funding provided by the Erasmus program for financing international collaboration and to the Edgar – Macredes project for funding part of the research time.
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