Power plant selection in a carbon constrained world the TERA(technoeconomic environmental risk analysis)

There is an increasing concern that current trends of consumption of natural resources cannot continue.It is imperative that major targeted investments are made into economical and reliable environment friendly propulsion and power solutions.Many novel and promising concepts are being proposed.The selection of the best candidates to pursue for investment becomes a very difficult choice.A detailed TERA(techno-economic environmental risk analysis) framework is described here to quantify risks and to compare and rank competing schemes on a formal and consistent basis.This technique is based on detailed and rigorous thermodynamic representations of power plants.A layer of environment,economic,weather and other models to describe the appropriate local conditions is superimposed to this.The outcome is a techno-economic environmental risk analysis framework with appropriate detail of each power plant as applied to the appropriate conditions.The results for each concept can then be compared and contrasted to make appropriate selections.