全球智库信息集成服务系统(G2TT): Inter-temporal R&D and Capital Investment Portfolios for the Electricity Industry\u2019s Low Carbon Future

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w20783
来源ID	Working Paper 20783
	Inter-temporal R&D and Capital Investment Portfolios for the Electricity Industry\u2019s Low Carbon Future
	Nidhi R. Santen; Mort D. Webster; David Popp; Ignacio Pérez-Arriaga
发表日期	2014-12-29
出版年	2014
语种	英语
摘要	This paper explores cost-effective low-carbon R&D and capital investment portfolios for the electricity generation sector through 2060. We present a novel method for long-term planning by combining an economic model of endogenous non-linear technical change and a generation capacity planning model with key features of the electricity system. The model captures the complementary nature of technologies in the power sector; physical integration constraints; and the opportunity to build new knowledge capital as a non-linear function of R&D and accumulated knowledge, which reflects the diminishing marginal returns to research characteristic of the energy innovation process. We show portfolios for future scenarios with and without carbon emission limits, and demonstrate the importance of including various features by comparing results from a reference version of the model to results from alternative versions that omit these features. Our results caution that using economic frameworks that do not incorporate critical electricity and innovation system features may over- or under-estimate the value of emerging technologies, and therefore the cost-effectiveness of R&D opportunities.
主题	Environmental and Resource Economics ; Energy ; Environment
URL	https://www.nber.org/papers/w20783
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/578458
推荐引用方式 GB/T 7714	Nidhi R. Santen,Mort D. Webster,David Popp,et al. Inter-temporal R&D and Capital Investment Portfolios for the Electricity Industry\u2019s Low Carbon Future. 2014.