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Interactions between measures for the support of electricity from renewable energy sources and CO2 mitigation

  • De Jonghe, Cedric
  • Delarue, Erik
  • Belmans, Ronnie
  • D'haeseleer, William
Registered author(s):

    As Europe wants to move towards a secure, sustainable and competitive energy market, it has taken action, amongst other, to support electricity from renewable energy sources (RES-E) and to mitigate CO2 emissions. This paper first qualitatively discusses price- and quantity-based measures for RES-E deployment as well as CO2 mitigation. Next, a simulation model is developed to quantitatively discuss the effects of a tradable green certificate system, a premium mechanism, a tradable CO2 allowance system and a CO2 tax on both RES-E deployment and CO2 mitigation. A three-regional model implementation representing the Benelux, France and Germany is used. In a first step of simulations, all measures are implemented separately. In a second step, combinations of both RES-E supporting and CO2 mitigating measures are simulated and discussed. Significant indirect effects are demonstrated, especially for RES-E supporting measures on the reduction of CO2 emissions. Interactions between different measures show that the price level of quantity-based measures can be strongly influenced.

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    File URL: http://www.sciencedirect.com/science/article/pii/S0301-4215(09)00447-9
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    Article provided by Elsevier in its journal Energy Policy.

    Volume (Year): 37 (2009)
    Issue (Month): 11 (November)
    Pages: 4743-4752

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    Handle: RePEc:eee:enepol:v:37:y:2009:i:11:p:4743-4752
    Contact details of provider: Web page: http://www.elsevier.com/locate/enpol

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    1. Sáenz de Miera, Gonzalo & del Ri­o González, Pablo & Vizcaino, Ignacio, 2008. "Analysing the impact of renewable electricity support schemes on power prices: The case of wind electricity in Spain," Energy Policy, Elsevier, vol. 36(9), pages 3345-3359, September.
    2. Boots, M., 2003. "Green certificates and carbon trading in the Netherlands," Energy Policy, Elsevier, vol. 31(1), pages 43-50, January.
    3. Abrell, Jan & Weigt, Hannes, 2008. "The Interaction of Emissions Trading and Renewable Energy Promotion," MPRA Paper 65658, University Library of Munich, Germany.
    4. Morthorst, P. E., 2003. "National environmental targets and international emission reduction instruments," Energy Policy, Elsevier, vol. 31(1), pages 73-83, January.
    5. Morthorst, P. E., 2003. "A green certificate market combined with a liberalised power market," Energy Policy, Elsevier, vol. 31(13), pages 1393-1402, October.
    6. Marchenko, O.V., 2008. "Modeling of a green certificate market," Renewable Energy, Elsevier, vol. 33(8), pages 1953-1958.
    7. Morthorst, P. E., 2001. "Interactions of a tradable green certificate market with a tradable permits market," Energy Policy, Elsevier, vol. 29(5), pages 345-353, April.
    8. Jensen, Stine Grenaa & Skytte, Klaus, 2003. "Simultaneous attainment of energy goals by means of green certificates and emission permits," Energy Policy, Elsevier, vol. 31(1), pages 63-71, January.
    9. Unger, Thomas & Ahlgren, Erik O., 2005. "Impacts of a common green certificate market on electricity and CO2-emission markets in the Nordic countries," Energy Policy, Elsevier, vol. 33(16), pages 2152-2163, November.
    10. Jensen, S. G. & Skytte, K., 2002. "Interactions between the power and green certificate markets," Energy Policy, Elsevier, vol. 30(5), pages 425-435, April.
    11. Menanteau, Philippe & Finon, Dominique & Lamy, Marie-Laure, 2003. "Prices versus quantities: choosing policies for promoting the development of renewable energy," Energy Policy, Elsevier, vol. 31(8), pages 799-812, June.
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