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Transition Towards Renewable Energy Supply—A System Dynamics Approach

In: Green Growth and Sustainable Development

Author

Listed:
  • Bo Hu

    (Universität der Bundeswehr Munich)

  • Armin Leopold

    (Universität der Bundeswehr Munich)

  • Stefan Pickl

    (Universität der Bundeswehr Munich)

Abstract

A System Dynamics model depicts the development of the energy market in an aggregated form and is used to compare different possible pathways of the impeding energy transition. Our preliminary simulations show that a concept presented by the German Advisory Council on Environment (SRU) will only achieve about 31% GHG mitigation in 2025 compared to 1990, despite the high costs due to planned huge storage capacity. A more effective GHG mitigation of about 40% can be achieved at a lower cost by making use of higher wind and photovoltaic capacities in combination with the capability to produce synthetic natural gas (SNG) using excess electricity from wind and solar energy.

Suggested Citation

  • Bo Hu & Armin Leopold & Stefan Pickl, 2013. "Transition Towards Renewable Energy Supply—A System Dynamics Approach," Dynamic Modeling and Econometrics in Economics and Finance, in: Jesús Crespo Cuaresma & Tapio Palokangas & Alexander Tarasyev (ed.), Green Growth and Sustainable Development, edition 127, pages 217-226, Springer.
    • Handle: RePEc:spr:dymchp:978-3-642-34354-4_10
    DOI: 10.1007/978-3-642-34354-4_10
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    Citations

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    Cited by:

    1. Armin Leopold, 2016. "Energy related system dynamic models: a literature review," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 24(1), pages 231-261, March.
    2. Sindy Martínez-Marín & Nataly Puello-Pereira & David Ovallos-Gazabon, 2020. "Cluster Competitiveness Modeling: An Approach with Systems Dynamics," Social Sciences, MDPI, vol. 9(2), pages 1-18, February.
    3. Kunsch, Pierre L. & Friesewinkel, Jean, 2014. "Nuclear energy policy in Belgium after Fukushima," Energy Policy, Elsevier, vol. 66(C), pages 462-474.

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