Scenarios for an Energy Policy Concept of the German Government
AbstractIn this working paper we demonstrate how challenging greenhouse gas reduction targets of up to 95% until 2050 can be achieved in the German electricity sector. In the analysis, we focus on the main requirements to reach such challenging targets. To account for interdependencies between the electricity market and the rest of the economy, diﬀerent models were used to account for feedback loops with all other sectors. We include scenarios with diﬀerent runtimes and retroﬁt costs for existing nuclear plants to determine the eﬀects of a prolongation of nuclear power plants in Germany. Key ﬁndings for the electricity sector include the importance of a European-wide coordinated electricity grid extension and the exploitation of regional comparative cost eﬀects for renewable sites. Due to political restrictions, nuclear energy will not be available in Germany in 2050. However, the nuclear life time extension has a positive impact on end consumer electricity prices as well as economic growth in the medium term, if retroﬁt costs do not exceed certain limits.
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Bibliographic InfoPaper provided by Energiewirtschaftliches Institut an der Universitaet zu Koeln in its series EWI Working Papers with number 2010-6.
Length: 19 pages
Date of creation: 30 Dec 2010
Date of revision:
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Roadmap 2050; GHG reduction; renewable energies; carbon capture and storage; power plant ﬂeet optimization;
Find related papers by JEL classification:
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
- Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
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