The future of the European electricity system and the impact of fluctuating renewable energy – A scenario analysis

Energy Policy ◽  
2014 ◽  
Vol 65 ◽  
pp. 185-197 ◽  
Author(s):  
Stephan Spiecker ◽  
Christoph Weber
Keyword(s):  
Renewable Energy ◽  
Scenario Analysis ◽  
Electricity System ◽  
The Future ◽  
The Impact

scholarly journals Renewable Energy Development as a Driver of Economic Growth: Evidence from Multivariate Panel Data Analysis

2019 ◽  
Vol 11 (8) ◽  
pp. 2418 ◽  
Author(s):  
Nadia Singh ◽  
Richard Nyuur ◽  
Ben Richmond
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Renewable Energy ◽  
Energy Production ◽  
Developing Economies ◽  
Panel Data Analysis ◽  
Least Square ◽  
Renewable Energy Production ◽  
The Future ◽  
The Impact

Renewable energy is being increasingly touted as the “fuel of the future,” which will help to reconcile the prerogatives of high economic growth and an economically friendly development trajectory. This paper seeks to examine relationships between renewable energy production and economic growth and the differential impact on both developed and developing economies. We employed the Fully Modified Ordinary Least Square (FMOLS) regression model to a sample of 20 developed and developing countries for the period 1995–2016. Our key empirical findings reveal that renewable energy production is associated with a positive and statistically significant impact on economic growth in both developed and developing countries for the period 1995–2016. Our results also show that the impact of renewable energy production on economic growth is higher in developing economies, as compared to developed economies. In developed countries, an increase in renewable energy production leads to a 0.07 per cent rise in output, compared to only 0.05 per cent rise in output for developing countries. These findings have important implications for policymakers and reveal that renewable energy production can offer an environmentally sustainable means of economic growth in the future.

The Opportunities and Challenges of Chinese Renewable Energy Greenhouse Gas Emission Reduction Trade

2014 ◽  
Vol 1010-1012 ◽  
pp. 2094-2101
Author(s):  
Long Xi Han ◽  
Jia Jia Zhai ◽  
Lin Zhang
Keyword(s):  
Renewable Energy ◽  
Greenhouse Gas ◽  
Emission Reduction ◽  
Greenhouse Gas Emission ◽  
Carbon Trading ◽  
Ghg Emission ◽  
Trading System ◽  
Trading Market ◽  
The Future ◽  
The Impact

The opportunities and challenges in the field of Chinese renewable energy were analyzed through the impact of global greenhouse gas (GHG) emission reduction trade, especially CDM on Chinese renewable energy, combined with the enhancement of awareness of voluntary emission reduction, relationship between emission reduction trade and renewable energy, changes in the international trade environment and the rise of the domestic trading system. It is suggested that the renewable energy industry integrates with GHG emission reduction trading system in China and explores the huge double benefit of emission reduction and income increase with market means, providing a reference for the smooth implementation of nationwide CN ETS including varies industries in the carbon trading market in the future, and striving for the speaking right for China to set the marketing price of international GHG emission reduction trading in the future.

scholarly journals Predictable and Unpredictable Climate Variability Impacts on Optimal Renewable Energy Mixes: The Example of Spain

Energies ◽  
2020 ◽  
Vol 13 (19) ◽  
pp. 5132
Author(s):  
Aina Maimó-Far ◽  
Alexis Tantet ◽  
Víctor Homar ◽  
Philippe Drobinski
Keyword(s):  
Renewable Energy ◽  
Climate Variability ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Electricity System ◽  
Variable Nature ◽  
Markowitz Portfolio ◽  
The Impact ◽  
Mean Variance

We analyzed the role of predictable and unpredictable variability in the identification of optimal renewable energy mixes in an electricity system. Renewable energy sources are the fastest growing energy generation technology, but the variable nature of production linked to climate variability raises structural, technological and economical issues. This work proposes the differentiation of the treatment applied to predictable and unpredictable variability in the context of Markowitz portfolio theory for optimal renewable deployment. The e4clim model was used as a tool to analyze the impact of predictable sources of generation variability on the optimal renewable energy mixes. Significant differences appeared, depending on the consideration of risk, all of them showing room for improvement with respect to the current situation. The application of the methods developed in this study is encouraged in mean-variance analyses, since its contribution favors scenarios where unpredictable variability in the climate-powered renewable energy sources are considered for their risk introduction.

scholarly journals ANALYSIS ON THE IMPACT OF COVID-19 ON THE FUTURE OF THE OIL INDUSTRY AT GLOBAL, REGIONAL AND LOCAL LEVEL

Neft i gaz ◽  
2020 ◽  
Vol 6 (120) ◽  
pp. 6-15
Author(s):  
V.P. TUDORACHE ◽  
◽  
N. ILIAS ◽  
D. FODOR ◽  
◽  
...  
Keyword(s):  
Renewable Energy ◽  
Global Economy ◽  
Fossil Fuels ◽  
Sustainable Energy ◽  
Local Level ◽  
Oil Prices ◽  
Oil Industry ◽  
Associate Professor ◽  
The Future ◽  
The Impact

Falling oil prices raise questions about the future of the energy industry globally, regionally and locally, as well as the role of fossil fuels in the transition to a more sustainable energy future after the pandemic. The global economy is already undergoing an energy transition from fossil fuels to more sustainable energy sources. Renewable energy is increasingly deflationary, and oil prices will have to compete with it, despite falling oil prices driven by the economy and pandemic. It is not known what life will look like in the post-«COVID-19» oil industry, even if oil demand returns to normal, supply consumption will take some time. We may see further diversification in the energy market and for renewable energy to play a greater role. However, it is important that energy resources are balanced in a sustainable and equitable way that supports the growth of the V.P. TUDORACHE1*, Associate Professor PhD. Eng. at Petroleum-Gas University of Ploiesti, Vice-President of A.G.I.R. Prahova branch. N. ILIAS2 , Professor PhD. Eng. at University of Petrosani, Member of the Academy for Technical Sciences of Romania,President of the Section Oil, Mine and Geonomy Engineering D. FODOR2 , Professor PhD. Eng. at University of Petrosani, Universitatii, no. 20, code 3332006, Petrosani, Hunedoara, Romania, and Member of the Academy for Technical Sciences of Romania, Member of the International Mining Committee 1* Author for correspondence. E-mail: [email protected] https://doi.org/10.37878/2708-0080/2020-5.035 6 НЕФТЬ И ГАЗ 2020 6 (120) COVID-19 И НЕФТЯНАЯ ПРОМЫШЛЕННОСТЬ world economy. The objective of the United Nations Sustainable Development to ensure access to "affordable, reliable, sustainable and modern energy for all" will be largely based on policy makers, company strategies and prices

Impact of climate change on renewable energy over the Mediterranean and Canary Islands: SOCLIMPACT H2020 project.

2021 ◽  
Author(s):  
Claudia Gutiérrez ◽  
Alba de la Vara ◽  
Juan Jesús González-Alemán ◽  
Miguel Ángel Gaertner
Keyword(s):  
Climate Change ◽  
Renewable Energy ◽  
Canary Islands ◽  
Land Surface ◽  
Mitigation Strategies ◽  
Offshore Wind ◽  
Impact Of Climate Change ◽  
The Future ◽  
The Mediterranean ◽  
The Impact

<p>The enhanced vulnerability of insular regions to climate change highlights the importance of undertaking adaptation and mitigation strategies according to the specific singularities of the islands. Islands are highly dependent on energy imports and the transition to a system with higher shares of renewable energies, in order to reduce greenhouse gas emissions in these regions, can also reduce the external energy dependence. In this context, the assessment of the impact of climate change on renewable energy resources during the 21st century is crucial for policymakers and stakeholders, due to the increasing vulnerability of the system to climate variability. The aim of this work is to provide an overview of wind and photovoltaic (PV) resources, their variability and complementarity between them, as well as their future changes, in the Euro-Mediterranean and Canary islands. Due to the limitations in land surface availability in the islands for the installation of renewable energy capacity, the analysis is extended to offshore wind and photovoltaic energy, which may have an important role in the future increases of renewable energy share. Variability is assessed through the analysis of energy droughts (low-productivity periods). In addition, a case study for optimization of wind and solar combination over the Canary islands is performed. In that sense, a sensitivity test is developed to find the optimal combination of PV and wind that reduce energy droughts and the persistence of that conditions at a local scale. To that end, we use climate variables from a series of regional climate simulations derived from Euro-CORDEX and MENA-CORDEX for the RCP2.6 and RCP8.5 emission scenarios and for the periods 2046-2065 and 2081-2100. The obtained results are very dependent on the region analyzed. Whereas an overall decrease is projected in wind resource over the Mediterranean islands for the future, an increase is projected for the Canarian archipelago. Changes in PV productivity are small in any case, as well as variability changes. These results, which are part of the SOCLIMPACT H2020 project, highlight the importance of targeting climate information and give condensed and valuable data to facilitate climate-related policy decision making for decarbonization and Blue Growth in the islands.</p>

scholarly journals   New businesses for small and medium entrepreneurs (SMEs) in the Renewable Energy Sources (RES)

2012 ◽  
Vol 58 (No. 9) ◽  
pp. 425-432
Author(s):  
J. Havlíček ◽  
M. Pelikán ◽  
T. Šubrt
Keyword(s):  
Renewable Energy ◽  
Labour Market ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Small Scale ◽  
Young Generation ◽  
Mutual Cooperation ◽  
The Third ◽  
The Future ◽  
The Impact

The development of renewable energy producers in rural areas creates new job opportunities for the countryside population. The decentralized manner of renewable energy in small cities is one of the ways how to meet the rural and small scale energy needs in a reliable, affordable and environmentally sustainable way. In 2010, the Czech University of Life Sciences Prague has finished the participation in the European IEE project RES COMPASS. In mutual cooperation, with seven partners from the Great Britain, France, Spain, Greek and Finland, the University has been involved in the extensive research concerning the impact of the Renewable Energy Sources (RES) on the future European labour market. The RES COMPASS project meets the objectives expressed by the New Skills for New Jobs Initiative of the EU and stressed also other initiatives, namely the Green Jobs Initiative, the UNEP initiative as well as the requirements of the International Trade Union Confederation and the International Organization of Employers in 2008. The RES COMPASS programme strategy was based on the implementation steps in three mutually supportive components: The first component Comparative analysis of the methods of identification of skill needs on the future labour market based on the renewable energy sources was concerned in the young generation of the today’s students. The second component Career Orientation test was developed as a tool for the potential young people thinking about a future career in the emerging area of renewable energy. The third component focused on the future business opportunities for small and medium entrepreneurs (SMEs) in the RES sector. The paper informs about findings of the third component New businesses for SMEs in the RES. Realistic possibilities of the development of SMEs appear to exist in the provision of more complex services reacting to (1) needs of more rapid renovation of the morally depreciated devices, (2) interest of inhabitants and producers in the installations of at least two different autonomous alternative energy sources, (3) creation of informal groups of users who will share various energy sources, (4) need to support the installation of energy devices with other measures – energy audits and projects.

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