Decision-making in the energy sector and notably the power industry has to cope with multiple uncertain factors such as renewable forecasts, technology developments or demand growth. At the same time, multiple methods are available to support decision-making under uncertainty. The focus of the present review is to identify the merits of different optimization modelling approaches…
Tag: Scenario analysis
How Incumbent Cultural and Cognitive Path Dependencies Constrain the ‘Scenario Cone’: Reliance on Carbon Dioxide Removal due to Techno-bias
Scenario analysis is widely used to assess long-term development necessary to reach climate targets. Mitigation measures in these scenarios concentrate on supply-side technology solutions, while little attention has been paid to demand side solutions. One suite of included technologies are carbon dioxide removal technologies (CDR). Most scenarios rely heavily on CDR to limit global warming…