Emerald 2 - How it Works

The Emerald 2 framework generates marginal abatement cost curves, which give a set of options (and the associated costs) available to a firm to reduce emissions. The curve is a valuable tool for prioritising investments in emission reduction opportunities.

To arrive at emission abatement cost curves, the platform captures the technology and cost details of the production process, taking into consideration:

• technology (installed capacities, technical efficiencies, fuel type consumed)
• cost (fixed and variable)
• options and substitutes (which include retrofits, maintenance for improved efficiency of equipment, fuel switches, and technology changes.)

Optimisation techniques then evaluate the technology and cost implications for achieving desired production levels within the defined emission constraints and generate the cost curves.