Article
Energy & Fuels
Andrew Mills, Ryan Wiser, Dev Millstein, Juan Pablo Carvallo, Will Gorman, Joachim Seel, Seongeun Jeong
Summary: Growth in wind and solar energy since 2008 has had a limited impact on reducing average annual wholesale electricity prices in the United States, with the decline in natural gas prices playing a larger role. Recent retirements of thermal power plants in the U.S. are primarily due to low natural gas prices, rather than the growth of wind and solar energy.
Article
Green & Sustainable Science & Technology
Dinesh Surroop
Summary: Reducing greenhouse gas emissions is a top priority worldwide. The energy sector is the largest contributor to these emissions, making it important to increase the proportion of renewable energy sources to enhance energy security and decarbonize the electricity mix. This study offers strategies like biomass dispatchable generation and the development of prosumer markets to help policymakers achieve their emissions reduction and coal phase-out goals. Although some measures can be easily implemented in the short term, others such as biomass pricing and time-differentiated tariffs may face challenges. Additionally, long-term measures like offshore wind farms and waste-to-energy dispatchable generation may encounter opposition.
CURRENT OPINION IN ENVIRONMENTAL SUSTAINABILITY
(2023)
Article
Economics
Slawomir Raszewski
Summary: This paper examines the failure of the Turkey-Austria natural gas pipeline project (NGPP) and analyzes the EU's external policy. It argues that the drawbacks of the NGPP, attributed to political factors, have actually led to the recovery and improvement of successor projects, as well as the engagement of key stakeholders.
Review
Green & Sustainable Science & Technology
Joaquin Lazo, Gerson Aguirre, David Watts
Summary: To stop the spread of COVID-19, governments have implemented unprecedented confinement measures, leading to paralysis in the commercial and industrial sectors and a significant reduction in electricity demand. This has resulted in technical and financial consequences for the electricity sector, particularly impacting the wind and solar PV energy sectors. Differences exist in economic recovery planning, with developed countries focusing on green economic recovery and the creation of green jobs, while developing countries allocate fewer resources to social protection and economic stimulus programs, postponing climate objectives.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2022)
Article
Economics
Magdalena Sikorska-Pastuszka, Monika Papiez
Summary: This study investigates volatility connectedness among European electricity markets. The results show that the integration of these markets has increased over time, particularly in recent years. Additionally, volatility connectedness mainly occurs within markets from the same region.
Article
Economics
Alemu Mekonnen, Sied Hassen, Marcela Jaime, Michael Toman, Xiao-Bing Zhang
Summary: Using a randomized field experiment, this study explored the impact of information and subsidy policies on the uptake of solar lanterns by utilizing the Becker-DeGroot-Marschak (BDM) bidding mechanism. The results showed that increasing the subsidy level can improve the adoption rate, while providing information about the benefits of solar lanterns did not significantly affect the adoption rate and willingness to pay. Furthermore, households with access to grid electricity were less willing to pay for solar lanterns and less likely to adopt them. This suggests that subsidizing household-level solar lighting is necessary for achieving universal electricity and clean energy access.
Article
Green & Sustainable Science & Technology
Eric O'Shaughnessy, Jenny Heeter, Chandra Shah, Sam Koebrich
Summary: Corporations are the fastest growing source of renewable energy demand in the United States and other key markets, with over 200 large global corporations committing to more aggressive renewable energy targets. Increasing corporate procurement could change the deployment of renewable energy assets, increase the need for flexible grid assets, and challenge formal grid planning and cost allocation.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2021)
Article
Energy & Fuels
Guangyu He, Jucheng Xiao, Shuai Fan, Zuyi Li
Summary: This study proposes a new substitute energy price market mechanism to address the incompatibility of current electricity market mechanisms. By introducing a substitute energy price, energy curves can be traded as substitutes, and regulation energy is introduced as tradable commodities to adapt to the needs of renewable energy and energy storage.
Review
Energy & Fuels
Mazaher Haji Bashi, Luciano De Tommasi, Padraig Lyons
Summary: Ireland's ambitious renewable energy targets, limited interconnections with neighboring power systems, and lack of potential for large-scale mechanical energy storage make battery energy storage a crucial option for accessing necessary domestic flexibility resources in the Irish electricity sector. By implementing policies that align national-level regulations and market instructions with European level directives, the full potential of battery energy storage units can be realized.
JOURNAL OF ENERGY STORAGE
(2022)
Article
Green & Sustainable Science & Technology
Junpeng Zhu, Dexin Meng, Xiaofeng Dong, Zhixin Fu, Yue Yuan
Summary: This paper presents a framework of a local integrated electricity-hydrogen market to facilitate trading among RE generation companies, HSSs, power distribution company, and other hydrogen-related participants through trading mechanisms and mathematical models. By participating in this market, the power deviation of RE generation companies decreases by 69.5% and 86.0%, respectively, while the profit of HSSs and RE generation companies amounts to $1.60 x103 within a week. Therefore, cooperating with the hydrogen market can be a potential approach for power systems to integrate a high proportion of RE.
Article
Economics
Trieu Mai, Wesley Cole, Nathaniel Gates, Daniel Greer
Summary: The study shows that state-level clean energy policies make significant contributions to total clean energy generation nationwide and reduce power sector CO2 emissions to some extent. However, these policies often lead to increases in electricity prices and system costs, with costs being highly sensitive to the future prices of clean energy technologies.
Article
Green & Sustainable Science & Technology
O. Selcuk, B. Acar, S. A. Dastan
Summary: This paper investigates the system integration costs for wind and river type hydropower generation in the Turkish electricity market. It finds that wind and river type hydro generations cause significant imbalances in the Turkish electrical system, with most of the renewable imbalance effect stemming from congestion between consumption areas and generation zones. The paper recommends defining new price zones to address this issue.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2022)
Article
Environmental Sciences
Malin Song, Haitao Xu, Zhiyang Shen, Xiongfeng Pan
Summary: This paper examines the impact of energy market integration (EMI) on renewable energy development (RED) in Europe based on panel data from 20 countries in the EU. It develops a general equilibrium model and provides empirical evidence to support its findings. The results show that EMI has a significant positive effect on RED, increasing both consumption and power generation of renewable energy. The study also finds that the increase in renewable energy consumption is driven by higher fossil energy costs, technological advancements, and stronger regional environmental regulations. Furthermore, it observes a negative effect of foreign direct investment (FDI) and industry structure on RED.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2022)
Article
Green & Sustainable Science & Technology
Xing Hu, Yingying Guo, Yali Zheng, Lan-cui Liu, Shiwei Yu
Summary: This study analyzed the development of renewable energy policies in China and examined the impacts of different types of policies on provincial renewable energy development. The results showed that technology development policies have a positive effect on renewable energy, while market management policies may inhibit its development in provinces with abundant resources. Comprehensive planning policies and support policies such as finance and tax had no significant impact on renewable energy development. Therefore, the Chinese government needs to strengthen the control of market management policies and enhance the execution and supervision of planning management in provinces with limited resources.
Article
Economics
Yuting Mou, Anthony Papavasiliou, Katharina Hartz, Alexander Dusolt, Christian Redl
Summary: This study develops a capacity expansion model to analyze the performance of energy markets and the impact of different market design options. The findings suggest that capacity remuneration mechanisms are sensitive to design parameters and can result in over-dimensioning, while shortage pricing is a no-regret measure.
Article
Energy & Fuels
Sebastian Strunz, Erik Gawel, Paul Lehmann
Article
Economics
Erik Gawel, Paul Lehmann, Alexandra Purkus, Patrik Soederhohn, Katherina Witte
Article
Green & Sustainable Science & Technology
Alexandra Purkus, Nina Hagemann, Norman Bedtke, Erik Gawel
JOURNAL OF CLEANER PRODUCTION
(2018)
Review
Green & Sustainable Science & Technology
Olivier Borne, Klaas Korte, Yannick Perez, Marc Petit, Alexandra Purkus
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2018)
Article
Environmental Sciences
Christian Klassert, Katja Sigel, Bernd Klauer, Erik Gawel
Review
Green & Sustainable Science & Technology
Alexandra Purkus, Erik Gawel, Nora Szarka, Markus Lauer, Volker Lenz, Andreas Ortwein, Philip Tafarte, Marcus Eichhorn, Daniela Thraen
ENERGY SUSTAINABILITY AND SOCIETY
(2018)
Article
Environmental Sciences
Heinrich Zozmann, Christian Klassert, Katja Sigel, Erik Gawel, Bernd Klauer
Article
Green & Sustainable Science & Technology
Erik Gawel, Nadine Pannicke, Nina Hagemann
Article
Green & Sustainable Science & Technology
Stefan Geyler, Norman Bedtke, Erik Gawel
Article
Economics
Alexandra Purkus, Jan Luedtke
FOREST POLICY AND ECONOMICS
(2020)
Article
Green & Sustainable Science & Technology
Paul Lehmann, Silke Beck, Mariana Madruga de Brito, Erik Gawel, Matthias Gross, Annegret Haase, Robert Lepenies, Danny Otto, Johannes Schiller, Sebastian Strunz, Daniela Thraen
Summary: The study suggests that the COVID-19 crisis has created an opportunity for societal change, but a clear and targeted political framework is needed to ensure that the transition towards environmental sustainability is supported. Additionally, there are significant structural differences between the COVID-19 crisis and environmental crises, leading to strategies that may not be suitable for long-term sustainability transitions. Transitioning towards environmental sustainability may have benefits in preventing and coping with future pandemics, but more research is needed to explore the extent of these synergies and potential trade-offs.
Article
Environmental Sciences
Heinrich Zozmann, Christian Klassert, Bernd Klauer, Erik Gawel
Summary: Many private households spend a significant amount of time accessing water, which impacts their demand and consumption of water. Research shows that the time cost has a significant effect on water consumption.
Review
Green & Sustainable Science & Technology
Heinrich Zozmann, Alexander Morgan, Christian Klassert, Bernd Klauer, Erik Gawel
Summary: This article systematically summarizes existing empirical knowledge on tanker water markets (TWM) and examines the evidence supporting the normative claims about the impacts of TWM on sustainability goals. The available evidence suggests that TWM provide high service levels and fill gaps in urban water systems, but their high prices make them unaffordable for all. Additionally, the allocation outcomes of TWM do not align with existing notions of equitable access. However, there is little convincing evidence that TWM necessarily lead to unsustainable water use.
Article
Economics
Heinrich Zozmann, Christian Klassert, Bernd Klauer, Erik Gawel
Summary: Research shows that households consider factors such as the diversity of water services, household co-production, and supply risks when choosing and using water resources. Different characteristics of water services result in varying time requirements and suitability for household activities, and households choose different water services based on their evaluation of the value of time. Certain water services can also act as insurance against supply uncertainties.
WATER ECONOMICS AND POLICY
(2022)
Article
Environmental Studies
Alexandra Purkus, Erik Gawel, Daniela Thraen
ENERGY RESEARCH & SOCIAL SCIENCE
(2017)
Article
Economics
Marie-Louise Arlt, David Chassin, Claudio Rivetta, James Sweeney
Summary: This paper examines the impact of real-time pricing and load automation on residential distribution systems. The study finds that implementing real-time pricing can result in an aggregate welfare gain of 39 USD per customer and year. However, it also notes that RTP and load automation may significantly increase peak system load. Introducing a market-based demand management system can further enhance welfare gains and reduce grid investment.
Article
Economics
Javier Jorquera-Copier, Alvaro Lorca, Enzo Sauma, Stefan Lorenczik, Matias Negrete-Pincetic
Summary: As countries update their climate ambitions, low-carbon hydrogen production and use present opportunities for emissions reductions and economic development. A case study for Chile shows that integrating hydrogen and electricity networks can lower system costs and enhance renewable integration, but policy support is needed to address concerns related to water and land use.
Article
Economics
Dawit Guta, Hisham Zerriffi, Jill Baumgartner, Abhishek Jain, Sunil Mani, Darby Jack, Ellison Carter, Guofeng Shen, Jennifer Orgill-Meyer, Joshua Rosenthal, Katherine Dickinson, Rob Bailis, Yuta Masuda
Summary: Household solid fuel use is detrimental to health and the environment. The Indian government's PMUY subsidy has successfully promoted the adoption of LPG by millions of households. However, there is limited understanding of the decision-making process to reduce solid fuel use after transitioning to cleaner fuels. This study found that factors such as household wealth, social status, education level, and the prevalence of LPG use in the village are positively associated with LPG consumption and the discontinuation of solid fuel use. On the other hand, factors such as distance to LPG refill delivery, household size, and the PMUY subsidy are negatively associated with the share of LPG use.
Article
Economics
Nicolas Morell-Dameto, Jose Pablo Chaves-Avila, Tomas Gomez San Roman, Pablo Duenas-Martinez, Tim Schittekatte
Summary: This paper assesses the performance of differently implemented forward-looking network tariff designs and proposes an innovative coordination mechanism to increase predictability in a future with many flexible customers. The study reveals that if large shares of customers synchronize their responses to highly time-varying and locational-specific network charges, it can lead to unexpected reinforcements.
Article
Economics
Alexandra Gritz, Guntram Wolff
Summary: Russia's weaponization of gas supplies shook the energy security of Central and Eastern Europe in 2022. The region responded by increasing alternative energy supplies and developing new gas supply routes. Renewable energy, nuclear energy, and hydrogen play important roles in the long-term. Mitigating the impact of this shock requires the EU to prioritize the integrity of its energy market.
Article
Economics
Jaroslaw Kantorowicz, Marion Collewet, Matthew DiGiuseppe, Hendrik Vrijburg
Summary: Economic costs are a major political obstacle to investing in climate change mitigation and adaptation measures. The method of financing plays a crucial role in determining public opposition to government green investments, with debt financing being less opposed than broad-based taxes. This study suggests that credit market tools, such as green bonds and debt for climate swaps, can be politically efficient in increasing support for green financing. Carbon taxes and wealth taxes are found to be the most preferred options.
Article
Economics
Kun Guo, Liyuan Luan, Xiaoli Cai, Dayong Zhang, Qiang Ji
Summary: This paper investigates China's energy trade stability using a survival analysis approach. It finds that the energy trade linkages between China and 153 other countries are complex and unstable, with short periods of trade with many countries. Geopolitically risky regions, such as the Middle East and Africa, have the lowest trade stability. Climate risks have significant effects on energy trade stability. The paper proposes several policy options to improve energy trade stability in China, with special attention to increasing global climate risks.
Article
Economics
Simona Bigerna, Piyush Choudhary, Nikunj Kumar Jain, Silvia Micheli, Paolo Polinori
Summary: This study estimates the willingness to pay of Indian urban consumers for a continuous supply of electricity using contingent valuation method. The findings show that the amount consumers are willing to pay depends on the duration of power outages, with households preferring shorter outages. Income and environmental attitude also positively influence higher willingness to pay. These insights can inform policymakers in designing more reliable and customer-centric energy generation and distribution models.
Article
Economics
Temilade Sesan, Unico Uduka, Lucy Baker, Okechukwu Ugwu, Ewah Eleri, Subhes Bhattacharyya
Summary: This study examines the impact of the regulatory framework on rural electrification and universal energy access goals in Nigeria's mini-grid sector. The findings suggest that while the current framework has fostered sector growth, additional measures are necessary to ensure equitable distribution of access among rural populations.
Article
Economics
Rui Shan, Noah Kittner
Summary: Energy storage is a cornerstone in decarbonization planning as it reduces operational costs and greenhouse gas emissions, while enhancing resilience and renewables integration. However, storage developers in different regions have varying economic and environmental considerations, thereby requiring policy intervention to achieve long-term emission reductions.
Article
Economics
Tung Durmaz, Sevil Acar, Simay Kizilkaya
Summary: This study investigates the phenomenon of strategic capacity withholding in the Turkish electricity market and its relationship with the capacity remuneration mechanism. The empirical results provide strong evidence of strategic capacity withholding and show that the capacity mechanism contributes to the duration of failures. The study offers important insights for policymakers, including the implementation of a random verification mechanism and restructuring of the capacity mechanism in Turkey.
Article
Economics
Tii N. Nchofoung
Summary: The study finds that oil price shocks have a negative impact on Africa's energy transition, particularly in rural areas and net crude oil exporting countries. However, oil price shocks cannot explain the urban-rural differences in clean energy access. Therefore, increasing investment in clean energy and technologies in rural areas is necessary to enhance the resilience of the energy sector to oil price shocks.
Article
Economics
Najia Saqib, Muhammad Usman, Ilhan Ozturk, Arshian Sharif
Summary: This study examines the impact of environmental technologies, financial growth, and energy use on ecological footprint and green growth. Environmental innovation and renewable energy deployment contribute to green growth, while financial expansion and non-renewable energy use have negative effects on the environment. The study also identifies causal relationships between different factors.
Article
Economics
Yessica C. Y. Chung, Noxolo Kunene, Hung-Hao Chang
Summary: The Renewable Energy Certificate (REC) is considered an innovative technology for building a green society. This study investigates the impact of REC purchases on stock return and volume in Taiwan between 2017 and 2021. The findings suggest that REC purchases have a positive effect on stock returns of manufacturing firms but not service firms. The frequency of REC purchases is also an important factor in the relationship between REC purchase and firm value. Additionally, the study reveals that public attention to environmental pollution plays a crucial role in positive stock returns and volume, while ESG disclosure is negatively associated with returns and volume.
Article
Economics
Seife Ayele, Wei Shen, Yacob Mulugetta, Tadesse Kuma Worako
Summary: This paper addresses the challenges of governing energy procurement from a mix of non-hydropower renewable energy sources supplied by independent producers. Building on political economy analysis and five case studies of independent producer projects from Ethiopia, it seeks to understand the root causes of the protracted delays and limited extent of procurement by independent producers. The key contestations lie in managing long term contracts, risk, uncertainty and in developing the institutional and human capacity to transition.
