Evaluating CCS Investment of China by a Novel Real Option-Based Model

Table 1

Parameters description of the case study.

Parameter	Coal-fired plant	PC + CSS
Electricity output (MWh)	3 × 10^6	3 × 10^6
Capital cost (yuan)	2.6 × 10^9	4.8 × 10^9
O&M cost (yuan/year)	3 × 10^8	3.6 × 10^8
Coal consumption (ton)	325 g/kWh 3 × 10^6 MWh = 975,000 tons	1170,000 tons (CCS efficiency loss rate is 20%)
Emission factor (g CO2/kWh)	893 g/kWh	893 g/kWh
Emission quantity (ton)	893 3 × 10^6 MWh = 2,679,000 tons	267,900 tons (CCS capture rate is 90%)
Electricity price (yuan/MWh)	316	428
Risk-free rate	4%