| 来源类型 | FEEM working papers "Note di lavoro" series
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| 规范类型 | 论文
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| Bridging the Gap: Do Fast Reacting Fossil Technologies Facilitate Renewable Energy Diffusion? |
| Elena Verdolini; Francesco Vona; David Popp
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| 发表日期 | 2016
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| 出处 | Mitigation, Innovation and Transformation Pathways
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| 出版年 | 2016
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| 语种 | 英语
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| 摘要 | The diffusion of renewable energy in the power system implies high supply variability. Lacking economically viable storage options, renewable energy integration has so far been possible thanks to the presence of fast-reacting mid-merit fossil-based technologies, which act as back-up capacity. This paper discusses the role of fossil-based power generation technologies in supporting renewable energy investments. We study the deployment of these two technologies conditional on all other drivers in 26 OECD countries between 1990 and 2013. We show that a 1% percent increase in the share of fast-reacting fossil generation capacity is associated with a 0.88% percent increase in renewable in the long run. These results are robust to various modifications in our empirical strategy, and most notably to the use of system-GMM techniques to account for the interdependence of renewable and fast-reacting fossil investment decisions. Our analysis points to the substantial indirect costs of renewable energy integration and highlights the complementarity of investments in different generation technologies for a successful decarbonization process.
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Suggested citation: Elena Verdolini, Francesco Vona, David Popp, Bridging the gap: Do fast-reacting fossil technologies facilitate renewable energy diffusion?, Energy Policy, Volume 116, 2018, Pages 242-256, ISSN 0301-4215, https://doi.org/10.1016/j.enpol.2018.01.058 |
| 特色分类 | Q42;Q48;Q55;O33
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| 关键词 | Renewable Energy Investments
Fossil Energy Investments
Complementarity
Energy and Environmental Policy
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| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/bridging-the-gap-do-fast-reacting-fossil-technologies-facilitate-renewable-energy-diffusion/
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| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/118503
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推荐引用方式
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Elena Verdolini,Francesco Vona,David Popp. Bridging the Gap: Do Fast Reacting Fossil Technologies Facilitate Renewable Energy Diffusion?. 2016.
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