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Energy Transition with Variable and Intermittent Renewable Electricity Generation

Author

Listed:
  • Aude Pommeret
  • Katheline Schubert

Abstract

We propose one of the first dynamic models of the optimal transition from fossil fuels to renewables in electricity generation that takes into account the variability and intermittency of renewable energy as well as storage. This work sheds light on the extent to which variability and intermittency constitute a serious obstacle to energy transition and, given these constraints, the value of storage. The results of this model provide useful insight into the complexity of transitioning to a clean energy mix, as well as the role climate policy can play in facilitating both the growth of renewables and storage.

Suggested Citation

  • Aude Pommeret & Katheline Schubert, 2019. "Energy Transition with Variable and Intermittent Renewable Electricity Generation," CESifo Working Paper Series 7442, CESifo Group Munich.
  • Handle: RePEc:ces:ceswps:_7442
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    File URL: https://www.cesifo-group.de/DocDL/cesifo1_wp7442.pdf
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    References listed on IDEAS

    as
    1. Carsten Helm & Mathias Mier, 2018. "Subsidising Renewables but Taxing Storage? Second-Best Policies with Imperfect Pricing," Working Papers V-413-18, University of Oldenburg, Department of Economics, revised Oct 2018.
    2. Lazkano, Itziar & Nøstbakken, Linda & Pelli, Martino, 2017. "From fossil fuels to renewables: The role of electricity storage," European Economic Review, Elsevier, vol. 99(C), pages 113-129.
    3. Hoel, Michael & Kverndokk, Snorre, 1996. "Depletion of fossil fuels and the impacts of global warming," Resource and Energy Economics, Elsevier, vol. 18(2), pages 115-136, June.
    Full references (including those not matched with items on IDEAS)

    More about this item

    JEL classification:

    • 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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