Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/200089
Authors: 
Zerrahn, Alexander
Schill, Wolf-Peter
Kemfert, Claudia
Year of Publication: 
2018
Citation: 
[Journal:] European Economic Review [Volume:] 108 [Pages:] 259-279 [ISSN:] 0014-2921
Abstract: 
The use of renewable energy sources is a major strategy to mitigate climate change. Yet Sinn (2017) argues that excessive electrical storage requirements limit the further expansion of variable wind and solar energy. We question, and alter, strong implicit assumptions of Sinn’s approach and find that storage needs are considerably lower, up to two orders of magnitude. First, we move away from corner solutions by allowing for combinations of storage and renewable curtailment. Second, we specify a parsimonious optimization model that explicitly considers an economic efficiency perspective. We conclude that electrical storage is unlikely to limit the transition to renewable energy.
Subjects: 
Variable renewable energy sources
Wind
Solar
Energy storage
JEL: 
O33
Q21
Q41
Q42
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by/4.0
Document Type: 
Article
Document Version: 
Published Version

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