Article
Economics
Lin Yang, Mao Xu, Jingli Fan, Xi Liang, Xian Zhang, Haodong Lv, Dong Wang
Summary: This study explores a non-fiscal incentive policy of granting extra electricity quotas to finance early CCS demonstration projects in China. It finds that coal-fired power plants can operate at a profit with CCS retrofitting if provided with extra electricity quotas, with the necessary quota ranging from 4709 to 7260 hours per year during the demonstration stage.
Article
Green & Sustainable Science & Technology
Ejeong Baik, Kais Siala, Thomas Hamacher, Sally M. Benson
Summary: California's Senate Bill 100 sets a goal for a zero-carbon grid by 2045, allowing low-carbon, dispatchable resources to play a key role in reducing system costs. While the policy provides a strong premise for flexibility, additional regulatory updates are necessary to efficiently deploy these resources.
INTERNATIONAL JOURNAL OF GREENHOUSE GAS CONTROL
(2022)
Article
Energy & Fuels
Marcin Pluta, Artur Wyrwa, Janusz Zysk, Wojciech Suwala, Maciej Raczynski
Summary: The Polish power system has made efforts to reduce its impact on the environment through modernization and investments in renewable energy. However, it faces greater challenges compared to other EU countries due to its heavy reliance on coal. This study analyzes two energy scenarios for transforming the Polish power system towards a 95% reduction in CO2 emissions by 2050, with a focus on increasing the share of renewables. The study utilizes the TIMES-PL model to minimize system costs and considers alternative solutions such as power plants with CO2 capture and storage systems in the absence of nuclear power investments.
Article
Economics
Jelle Meus, Sarah De Vits, Nele S'heeren, Erik Delarue, Stef Proost
Summary: This study provides an overview of renewable subsidy schemes focusing on their impact in a uniformly-priced market zone. Different support instruments, including feed-in tariffs, sliding feed-in premiums, fixed feed-in premiums, investment-based subsidies, and capacity-based subsidies, are analyzed using a German case study. The research shows that investment- and capacity-based subsidies are not equivalent, and sliding feed-in premiums can be a viable alternative to fixed premiums in mitigating investment risks.
Article
Energy & Fuels
George E. Halkos, Apostolos S. Tsirivis
Summary: Electricity is the most valuable energy commodity for households, and it is crucial for regulatory authorities and the EC to ensure affordable and unrestricted access to European citizens. Existing literature neglects the impact of electricity market structure on prices, focusing only on specific renewable energy resources. This study fills this gap by analyzing the relationship between renewable energy production, market liberalization indices, and household electricity prices using both static and dynamic panel methodologies.
Article
Economics
Edgar A. Ghossoub
Summary: Empirical findings indicate a positive correlation between inflation and economic growth when inflation is low, but a negative correlation once it surpasses a certain threshold level. The threshold is higher for developing economies compared to advanced ones. The variation in inflation threshold across countries is influenced by regulatory restrictions on banks' balance sheets and the level of competition in the banking sector.
ECONOMIC MODELLING
(2023)
Article
Multidisciplinary Sciences
Maureen Cropper, Ryna Cui, Sarath Guttikunda, Nate Hultman, Puja Jawahar, Yongjoon Park, Xinlu Yao, Xiao-Peng Song
Summary: The study found that coal-fired power plants in India have significant impacts on environmental pollution, PM2.5 concentration, and human health, resulting in a large number of premature deaths each year. Avoiding the construction of planned coal-fired power plants could prevent at least 844,000 premature deaths.
PROCEEDINGS OF THE NATIONAL ACADEMY OF SCIENCES OF THE UNITED STATES OF AMERICA
(2021)
Article
Economics
Franziska Holz, Tim Scherwath, Pedro Crespo del Granado, Christian Skar, Luis Olmos, Quentin Ploussard, Andres Ramos, Andrea Herbst
Summary: The deployment of CCS in Europe depends on the development of low-cost power generation technologies with carbon capture and sufficiently high CO2 prices to compensate for infrastructure costs. The joint use of CO2 infrastructure by different sectors allows for economies of scale and density, enhancing the feasibility of CCS deployment towards 2050.
Article
Energy & Fuels
Thananat Lungkadee, Thossaporn Onsree, Suparit Tangparitkul, Naruphol Janwiruch, Atipoang Nuntaphan, Nakorn Tippayawong
Summary: This study focuses on designing a MEA-based carbon capturing unit for the Mae Moh power plant in Thailand, investigating the technical and economic analysis of retrofitting a lean aqueous MEA system, revealing the optimal lean CO2 feeding and liquid-to-gas ratio, and determining the optimal total costs of the carbon capture plant.
Article
Thermodynamics
Sebastian Zapata, Monica Castaneda, Milton M. Herrera, Isaac Dyner
Summary: The development of electricity transmission systems is crucial for promoting renewable energy. However, coordinating the expansion of transmission lines and renewables projects is challenging due to environmental clearances and complex contracts. Delays in both types of projects can have an impact on security of supply, prices, and electricity markets.
Article
Green & Sustainable Science & Technology
Achmed Edianto, Gregory Trencher, Kazuyo Matsubae
Summary: The construction of new coal-fired power plants continues globally, posing a threat to climate change mitigation efforts. Developing countries heavily rely on public finance from richer nations due to high costs and technological barriers, with recent financing favoring coal-fired electricity over renewables. This study examines 23 countries and identifies two combinations of factors that explain why some countries receive more investment for coal plants than renewables. The factors include bilateral agreements promoting coal industry development, weak or absent carbon pricing, and weak policy support for renewable energy. The findings have significant policy implications.
ENERGY FOR SUSTAINABLE DEVELOPMENT
(2022)
Article
Economics
E. Demetriou, C. Hadjistassou
Summary: China, the world's most populous country, is also the top emitter of CO2, with power generation being the main culprit. A projection of future electricity production in China between 2017 and 2050 shows that renewables alone are unable to meet electricity demand without fossil fuel supplementation. Only the Coal Free (CFr) and Goals scenarios are able to fulfill China's COP21 targets.
Article
Economics
Zhongjue Yu, Yong Geng, Alvaro Calzadilla, Wendong Wei, Raimund Bleischwitz
Summary: China has launched a nationwide emissions trading system (ETS) in the power sector, while also implementing a mandatory phaseout policy for coal power. The interaction of these policies may lead to unintended consequences, depending on the type of ETS. Under China's rate-based ETS, the coexistence of the phaseout policy enhances the stringency of the overall policy, while under a mass-based ETS, it results in policy overlap and potential market failure.
Article
Economics
Bao Doan, Duc Hong Vo, Huy Pham
Summary: This study examines the economic benefits and environmental costs of electricity consumption using emissions data and CO2 prices. The dataset includes power plants from 33 countries between 2007 and 2018. The study finds that environmentally friendly energy sources have lower CO2 emissions costs and increase electricity consumption. Renewable and nuclear power plants have higher economic benefits compared to thermal ones, with wind and solar power plants showing the highest benefit-cost ratio. The study provides insights for policy makers on the net benefits of different power plants and the importance of promoting renewable energy sources.
Article
Green & Sustainable Science & Technology
Agneev Mukherjee, Pieter Bruijnincx, Martin Junginger
Summary: The maritime sector accounts for a significant amount of global greenhouse gas emissions and is facing pressure to decarbonise. Renewable fuels show potential, but their high costs are a barrier. Carbon Capture and Storage (CCS) can enhance marine fuel decarbonisation, but adds to the cost. This study compares the costs of four renewable carbon fuels and considers the impact of carbon taxation. The results show that without carbon taxation, renewable fuels are not competitive, and methanol and DME produced using CO2 capture are the most cost-effective options.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2023)
Article
Multidisciplinary Sciences
Anna Lou Abatayo, Valentina Bosetti, Marco Casari, Riccardo Ghidoni, Massimo Tavoni
PROCEEDINGS OF THE NATIONAL ACADEMY OF SCIENCES OF THE UNITED STATES OF AMERICA
(2020)
Article
Environmental Sciences
Francesco Granella, Lara Aleluia Reis, Valentina Bosetti, Massimo Tavoni
Summary: Using a machine learning approach to create counterfactual scenarios and applying it to the COVID-19 lockdown in Lombardy, resulted in improved air quality and saved a percentage of years of life lost and premature deaths attributable to COVID-19. This analysis emphasizes the benefits of improving air quality and the necessity of an integrated policy response to address diverse emission sources.
ENVIRONMENTAL RESEARCH LETTERS
(2021)
Article
Environmental Sciences
Francesco Pietro Colelli, Daan Witkop, Enrica De Cian, Massimo Tavoni
Summary: The study investigates the impact of COVID-19 lockdowns on power systems in five European countries, revealing that low-cost dispatchable generation from hydro and nuclear sources has replaced more costly fossil-based generation during peak hours. Coal power plants in Germany, the UK, and Spain remained idle while gas-fired generation responded heterogeneously across power systems. Additionally, falling operational costs of generators and decreased demand induced by lockdowns have significantly reduced wholesale prices, with balancing costs for flexibility services increasing heterogeneously across countries.
ENVIRONMENTAL RESEARCH LETTERS
(2021)
Article
Economics
Francesco Dalla Longa, Bart Sweerts, Bob van der Zwaan
Summary: This study introduces a framework for categorizing energy poverty risk based on income and energy expenditure, and utilizes a machine learning classifier for prediction. While income remains the most important predictor, the inclusion of additional socio-economic features is essential for achieving high prediction reliability.
Article
Environmental Sciences
Christoph Bertram, Keywan Riahi, Jerome Hilaire, Valentina Bosetti, Laurent Drouet, Oliver Fricko, Aman Malik, Larissa Pupo Nogueira, Bob van Der Zwaan, Bas van Ruijven, Detlef van Vuuren, Matthias Weitzel, Francesco Dalla Longa, Harmen-Sytze De Boer, Johannes Emmerling, Florian Fosse, Kostas Fragkiadakis, Mathijs Harmsen, Kimon Keramidas, Paul Natsuo Kishimoto, Elmar Kriegler, Volker Krey, Leonidas Paroussos, Deger Saygin, Zoi Vrontisi, Gunnar Luderer
Summary: The Paris Agreement aims to limit global average temperature increase to well below 2 degrees C and calls for financial flows to be consistent with low greenhouse gas emissions. Immediate ambitious action can achieve this goal in all models, but current national contributions may lead to overshooting the 1.5 degrees C target. Increased investments in low-carbon power generation, especially in solar and wind technologies, are needed to meet the Paris Agreement goals.
ENVIRONMENTAL RESEARCH LETTERS
(2021)
Article
Environmental Sciences
Elina Brutschin, Silvia Pianta, Massimo Tavoni, Keywan Riahi, Valentina Bosetti, Giacomo Marangoni, Bas J. van Ruijven
Summary: The study proposes a multidimensional framework for evaluating and comparing decarbonization pathways, taking into account geophysical, technological, economic, socio-cultural, and institutional considerations. Institutional constraints are identified as key drivers of feasibility concerns, with early mitigation being potentially more disruptive but preventing long-term feasibility issues caused by postponed actions.
ENVIRONMENTAL RESEARCH LETTERS
(2021)
Article
Multidisciplinary Sciences
Paolo Gazzotti, Johannes Emmerling, Giacomo Marangoni, Andrea Castelletti, Kaj-Ivar van der Wijst, Andries Hof, Massimo Tavoni
Summary: Benefit-cost analyses of climate policies have resulted in conflicting assessments due to regional heterogeneity impacting social welfare. Economically optimal pathways towards climate stabilization are characterized by persistent economic inequalities resulting from climate damages.
NATURE COMMUNICATIONS
(2021)
Article
Economics
Bob van der Zwaan, Sam Lamboo, Francesco Dalla Longa
Summary: The research suggests that utilizing import-export links between Europe and North Africa to produce solar electricity and hydrogen may be more efficient and profitable, but building the necessary energy capacity will come with costs and geopolitical dependencies. Europe may have to pay a net price to exploit these links, while North African countries could potentially benefit from up to 50 billion euros in net revenues.
Article
Green & Sustainable Science & Technology
Martin Scheepers, Silvana Gamboa Palacios, Elodie Jegu, Larissa P. Nogueira, Loes Rutten, Joost van Stralen, Koen Smekens, Kira West, Bob van der Zwaan
Summary: This paper presents two scenarios for achieving near-zero greenhouse gas emissions in the Netherlands by 2050. The scenarios involve electrification and production of renewable hydrogen as means to decarbonize the energy system. Renewable energy, particularly wind and solar, is projected to be the main source of electricity generation, accounting for around 99% in 2050. Imbalances in supply and demand can be managed through flexibility options, while hydrogen is identified as an important energy carrier in transportation and industry.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2022)
Article
Green & Sustainable Science & Technology
Soheil Shayegh, Johannes Emmerling, Massimo Tavoni
Summary: International migration is influenced by demographic, socioeconomic, and environmental factors as well as migration policies. The study shows that international migration increases welfare in developing countries and reduces inequality between low-skilled and high-skilled labor in these countries. However, in most developed countries, international migration leads to increased inequality and slightly reduced output.
Article
Energy & Fuels
Giovanna d'Adda, Yu Gao, Massimo Tavoni
Summary: Energy-efficiency classes provide simple product information but do not accurately report details about lifetime costs. A study shows that providing precise energy cost information leads to consumers buying cheaper, lower-efficiency products with similar overall costs. This highlights the need for a trade-off between short-term economic savings and higher search costs when using energy-efficiency classes.
Article
Business
Valeria Fanghella, Giovanna D'Adda, Massimo Tavoni
Summary: This study investigates the effectiveness of two interventions, technological renovation and behavioral change, in reducing electricity consumption in branches of a large Italian bank. The results reveal that technological renovation significantly reduces electricity consumption, while the behavioral intervention has a smaller and non-significant effect. Additionally, the study finds that energy savings are more easily achieved by reducing passive energy waste rather than through behavioral change during working hours.
JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT
(2022)
Article
Environmental Sciences
Luca Ferrari, Angelo Carlino, Paolo Gazzotti, Massimo Tavoni, Andrea Castelletti
Summary: Cost-benefit integrated assessment models, which consider various factors such as socio-economic projections and climate impacts, are often limited in their ability to provide robust and comprehensive scenarios for mitigation strategies. This study demonstrates the importance of shifting the focus from optimal to robust solutions, reducing uncertainty and aligning strategies with the Paris goals. The analysis also reveals the trade-offs between climatic, social, and economic objectives, and identifies regional emission-reduction strategies that are fair. Moreover, the research highlights the significant discrepancies in local-level policies, particularly in developing and highly impacted regions.
ENVIRONMENTAL RESEARCH LETTERS
(2022)
Article
Environmental Sciences
Angelo Carlino, Massimo Tavoni, Andrea Castelletti
Summary: Research shows that integrating multi-objective optimization and feedback control into the Dynamic Integrated Climate Economy model can design self-adaptive climate policies that balance welfare maximization with compliance to the Paris Agreement. These policies allow for adjustments based on accumulating information about the socio-climatic system, resulting in reduced warming above 2 degrees C and the probability of overshooting.
Article
Energy & Fuels
Panagiotis Fragkos, Francesco Dalla Longa, Eleftheria Zisarou, Bob van der Zwaan, Anastasis Giannousakis, Amir Fattahi
Summary: This study provides a quantitative analysis of future energy-climate developments at the global level using two well-established integrated assessment models (IAMs), PROMETHEUS and TIAM-ECN. The findings highlight the importance of carbon pricing as an effective policy tool to drive decarbonization efforts. Variations in technology costs and global energy prices significantly impact the outcomes of the models.
