Power Switch: Impacts of Climate Policy on the Global Power Sector
Article from: OGEL 1 (2004), in Climate Change
Introduction
This report assesses the financial consequences of climate change policy for 14 leading global power companies. The key results are: Climate policy will have important consequences for power generation costs, fuel choices, wholesale power prices and the profitability of utilities. Even under conservative scenarios, additional costs could exceed 10 per cent of 2002 earnings, although with this come significant upside opportunities. Despite these significant risks, guidance from the power companies on the magnitude and form of potential risks has been scant. This ...