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An analysis of long-term scenarios for the transition to renewable energy in Greece

Author

Listed:
  • Halkos, George
  • Kevork, Ilias
  • Galani, Georgia
  • Tzeremes, Panagiotis

Abstract

This study is focused on the construction of long – term scenarios for the transition to renewable energy. Utilizing European and national targets, the key objective of this work is to investigate how these targets are reflected in both economic and environmental terms. The constructed model via the Long range Energy Alternatives Planning System (LEAP) software describes the impacts of energy supply and demand along with their implications for national long – term policy. Specifically, the research provides a look to the 2030 horizon in the energy and power system in Greece. Three scenarios are generated under different options, baseline (which is based on historical trends), target 2020 (which is based on the European target set in 2020) and target 2030 (which is based on the European target set in 2030). Furthermore, two additional scenarios are developed for the Greek GDP growth; the first one based on the International Monetary Fund (IMF) estimates and the second taking into account the estimates of the Organization for Economic Co-operation and Development (OECD). The results show a substantial shift in the electricity generation mix by 2030, something that has to be reversed into renewable energy solutions.

Suggested Citation

  • Halkos, George & Kevork, Ilias & Galani, Georgia & Tzeremes, Panagiotis, 2014. "An analysis of long-term scenarios for the transition to renewable energy in Greece," MPRA Paper 59975, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:59975
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    References listed on IDEAS

    as
    1. George Halkos & John Hutton, "undated". "Acid Rain Games in Europe," Discussion Papers 93/12, Department of Economics, University of York.
    2. Mathiesen, Brian Vad & Lund, Henrik & Karlsson, Kenneth, 2011. "100% Renewable energy systems, climate mitigation and economic growth," Applied Energy, Elsevier, vol. 88(2), pages 488-501, February.
    3. George Halkos & Ilias Kevork, 2005. "A comparison of alternative unit root tests," Journal of Applied Statistics, Taylor & Francis Journals, vol. 32(1), pages 45-60.
    4. Roinioti, Argiro & Koroneos, Christopher & Wangensteen, Ivar, 2012. "Modeling the Greek energy system: Scenarios of clean energy use and their implications," Energy Policy, Elsevier, vol. 50(C), pages 711-722.
    5. Halkos, George E. & Tzeremes, Nickolaos G., 2014. "The effect of electricity consumption from renewable sources on countries׳ economic growth levels: Evidence from advanced, emerging and developing economies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 39(C), pages 166-173.
    6. Giatrakos, Georgios P. & Tsoutsos, Theocharis D. & Zografakis, Nikos, 2009. "Sustainable power planning for the island of Crete," Energy Policy, Elsevier, vol. 37(4), pages 1222-1238, April.
    7. Halkos, George, 1993. "An evaluation of the direct costs of abatement under the main desulphurisation technologies," MPRA Paper 32588, University Library of Munich, Germany.
    8. George Halkos & Nickolaos Tzeremes, 2014. "Measuring the effect of Kyoto protocol agreement on countries’ environmental efficiency in CO 2 emissions: an application of conditional full frontiers," Journal of Productivity Analysis, Springer, vol. 41(3), pages 367-382, June.
    9. Corbae,Dean & Durlauf,Steven N. & Hansen,Bruce E. (ed.), 2006. "Econometric Theory and Practice," Cambridge Books, Cambridge University Press, number 9780521807234.
    10. Papagiannis, G. & Dagoumas, A. & Lettas, N. & Dokopoulos, P., 2008. "Economic and environmental impacts from the implementation of an intelligent demand side management system at the European level," Energy Policy, Elsevier, vol. 36(1), pages 163-180, January.
    11. Halkos, George, 2014. "The Economics of Climate Change Policy: Critical review and future policy directions," MPRA Paper 56841, University Library of Munich, Germany.
    12. Halkos, George, 2010. "Construction of abatement cost curves: The case of F-gases," MPRA Paper 26532, University Library of Munich, Germany.
    13. Richard H. Moss & Jae A. Edmonds & Kathy A. Hibbard & Martin R. Manning & Steven K. Rose & Detlef P. van Vuuren & Timothy R. Carter & Seita Emori & Mikiko Kainuma & Tom Kram & Gerald A. Meehl & John F, 2010. "The next generation of scenarios for climate change research and assessment," Nature, Nature, vol. 463(7282), pages 747-756, February.
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    Citations

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    Cited by:

    1. George Halkos & Nickolaos Tzeremes & Panayiotis Tzeremes, 2015. "A nonparametric approach for evaluating long-term energy policy scenarios: an application to the Greek energy system," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 4(1), pages 1-14, December.
    2. Halkos, George & Tzeremes, Panagiotis, 2015. "Assessing greenhouse gas emissions in Estonia's energy system," MPRA Paper 66105, University Library of Munich, Germany.
    3. Halkos, George & Kevork, Ilias & Tziourtzioumis, Chris, 2014. "Emissions and abatement costs for the passenger cars sector in Greece," MPRA Paper 60197, University Library of Munich, Germany.
    4. Halkos, George & Kevork, Ilias & Tziourtzioumis, Chris, 2014. "Greenhouse gas emissions and marginal abatement cost curves for the road transport in Greece," MPRA Paper 61032, University Library of Munich, Germany.
    5. Halkos, George & Tzeremes, Panagiotis, 2015. "Scenario analysis on greenhouse gas emissions reduction in Southeast Balkans' energy system," MPRA Paper 65280, University Library of Munich, Germany.
    6. Halkos, George & Tzeremes, Nickolaos & Kourtzidis, Stavros, 2014. "Abating CO2 emissions in the Greek energy and industry sectors," MPRA Paper 60807, University Library of Munich, Germany.

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    More about this item

    Keywords

    Climate change; Renewable energy sources; Greek energy system.;
    All these keywords.

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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