IDEAS home Printed from https://ideas.repec.org/a/eee/enepol/v178y2023ics0301421523001775.html
   My bibliography  Save this article

An Integrated Assessment Model for comparing electricity decarbonisation scenarios: The case for Spain

Author

Listed:
  • Galiano Bastarrica, Luis Antonio
  • Buitrago Esquinas, Eva M.
  • Caraballo Pou, María Ángeles
  • Yñiguez Ovando, Rocío

Abstract

The decarbonisation of electricity supply poses a major milestone in the mitigation of climate change. Integrated Assessment Models (IAMs) provide a relevant instrument for the quantification and comparison of the economic and environmental impacts of various electricity decarbonisation scenarios, despite having rarely been applied to a national context. In this paper, an IAM able to calculate such impacts on the electricity sector in Spain is presented. Developed using the latest IAM modelling literature, the proposed model is able to estimate changes in temperature, climate-induced economic losses, and investment needs for climate mitigation corresponding to a range of electricity decarbonisation scenarios on a time horizon to 2050. The findings show that scenarios that undertake deeper and earlier cuts in CO2 emissions from electricity generation would achieve better welfare results, and that further reliance on fossil fuels would imply higher costs than the investment needed for renewable energy deployment in Spain. The findings constitute an insight towards the formulation of policies that address the decarbonisation of the Spanish electricity supply.

Suggested Citation

  • Galiano Bastarrica, Luis Antonio & Buitrago Esquinas, Eva M. & Caraballo Pou, María Ángeles & Yñiguez Ovando, Rocío, 2023. "An Integrated Assessment Model for comparing electricity decarbonisation scenarios: The case for Spain," Energy Policy, Elsevier, vol. 178(C).
    • Handle: RePEc:eee:enepol:v:178:y:2023:i:c:s0301421523001775
    DOI: 10.1016/j.enpol.2023.113592
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301421523001775
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.enpol.2023.113592?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:178:y:2023:i:c:s0301421523001775. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.