In the framework of the Paris Agreement, the European Union (EU) will have to firmly set decarbonization targets to 2050. However, the viability on these targets is an ongoing discussion. The European Commission has made several propositions for energy and climate “roadmaps”. In this regard, this paper contributes by analyzing alternative pathways derived in a unique modelling process. As part of the SET-Nav project, we defined four pathways to a clean, secure and efficient energy system—taking different routes. Two key uncertainties shape the SET-Nav pathways: the level of cooperation (i.e. cooperation versus entrenchment) and the level of decentralization (i.e. decentralization versus path dependency). All four pathways achieve an 85-95% emissions reduction by 2050. We include a broad portfolio of options under distinct framework conditions by comprehensively analyzing all energy-consuming and energy-providing sectors as well as the general economic conditions. We do this by applying a unique suite of linked models developed in the SET-Nav project. By linking more than ten models, we overcome the traditional limitation of models that cover one single sector while at the same time having access to detail sectoral data and expertise. In this paper, we focus on the implications for the energy demand sectors (buildings, transport, and industry) and the electricity supply mix in Europe and compare our insights of the electricity sector to the scenarios of the recent European Commission (2018a) report “A clean Planet for all”.
Tag: Renewables
Electricity Markets in the Resource-Rich Countries of the MENA: Adapting for the Transition Era
The Middle East and North Africa’s (MENA) resource-rich economies are pursuing two parallel strategies in their electricity sectors: (i) increasing and integrating renewables into their power generation mix to mitigate the impact of rising domestic oil and gas demand on their economies and boost hydrocarbon export capacities; and (ii) undertaking power sector reforms to attract…
Lessons from Modeling 100% Renewable Scenarios Using GENeSYS-MOD
The main aim of models has never been to provide numbers, but insights. Still, challenges prevail for modelers to use the best configuration of their models to provide helpful insights. In the case of energy system modelling, this becomes even more complicated due to increasing complexity of the energy system transition through the potential and…
Assessing the viability of Energy-Only Markets with 100% Renewables
Abstract – Efficient wholesale electricity markets should drive preference revealing bidding where generators offer the majority of their power at their short run marginal cost (SRMC). However, most renewables have very low SRMCs, which in a competitive market is likely to lead to an increasing proportion of low priced periods. Combined with concerns around the…
The Economics of Sustainability: Causes and Consequences of Energy Market Transformation
The paper deals with the economics of sustainability associated with the transformation of energy markets. It emphasizes the interrelations between technical changes and energy markets and how in turn the resulting transformations alter the sustainability of economic systems that are dependent on these markets. It also explores how innovation (or the lack thereof) is intimately…
Solar Integration
Solar energy can enter our energy systems through many doors and windows, mostly as heat and electricity. As costs go down, especially for photovoltaic electricity, the variability of the resource becomes a dominant issue.Interconnections,load management, flexible fossil or hydro power plants and storage capacities of pumped hydro plants combine to make the daily variability manageable,…
