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来源类型Working Paper
规范类型报告
DOI10.3386/w30082
来源IDWorking Paper 30082
Decarbonization and Electrification in the Long Run
Stephen P. Holland; Erin T. Mansur; Andrew J. Yates
发表日期2022-05-30
出版年2022
语种英语
摘要Decarbonization and electrification will require a transformed electricity grid. Our long-run model of entry and exit of generation and storage capacity captures crucial aspects of the electricity industry such as time-varying demand for electricity, intermittency of renewables, and intertemporal optimization of storage. We derive several theoretical possibilities that differ in surprising ways from short-run intuition: A carbon tax can increase electricity consumption; cheaper storage can decrease renewable capacity; cheaper renewables can increase carbon emissions; and an increase in electricity demand (e.g., electrification) can decrease emissions. We calibrate the model using 2019 hourly data on demand and renewable availability for thirteen regions covering the contiguous U.S. A carbon price of $150 or more essentially eliminates carbon emissions. Given a modest decarbonization goal, a renewable subsidy performs better than a nuclear subsidy, but this ranking is reversed for an ambitious decarbonization goal. Transmission expansion yields large emissions reductions if renewable costs fall sufficiently, but policies promoting storage are unlikely to yield significant benefits. Electrifying 100% of car miles traveled (thereby eliminating gasoline vehicle carbon emissions) increases electricity-sector carbon emissions by 23-27% if vehicles are charged at night, but could decrease electricity-sector carbon emissions if vehicles are charged during the day.
主题Public Economics ; Taxation ; Environmental and Resource Economics ; Energy ; Environment
URLhttps://www.nber.org/papers/w30082
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/587756
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Stephen P. Holland,Erin T. Mansur,Andrew J. Yates. Decarbonization and Electrification in the Long Run. 2022.
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