Clean Energy Cost-Savings: A Study of Mexico’s Federal Electricity Commission (CFE)

Clean Energy Cost-Savings: A Study of Mexico’s Federal Electricity Commission (CFE)

Figure 11. Price of CO2 Emission Allowances

Considering that the average price paid in the European market in July 2021 was €54 per avoided ton of CO 2 emissions, equivalent to US$64/ton of CO 2 at the average euro/dollar exchange rate for that month, the value of the avoided CO 2 emissions per MWh generated by clean energy sources can be estimated based on which thermal plant would not service the grid and the corresponding level of emissions per MWH for that plant. The results are shown in Figure 12.

Figure 12. Estimated Value of Avoided CO2e Emissions

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