Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/71116
Authors: 
Schröder, Andreas
Traber, Thure
Kemfert, Claudia
Year of Publication: 
2013
Series/Report no.: 
DIW Discussion Papers 1268
Abstract: 
EMELIE-ESY is a partial equilibrium model with focus on electricity markets. Private investors optimize their generation capacity investment and dispatch over the horizon 2010 to 2050. In the framework of the Energy Modeling Forum 28, we investigate how climate policy regimes affect market developments under different technology availabilities and climate policies on the European power markets. The model projects an only minor increase of power consumption because of higher wholesale prices or energy efficiency current climate policy, and a balanced consumption pathway under ambitious climate policy. These results contrast with findings of POLES and PRIMES models in the reference case that predict unexpected heavy consumption increases by 2050. By contrast, we find no investment into Carbon Capture and Storage (CCS) and a diminishing share of nuclear energy. We find that renewable energy supply extension as projected can sufficiently meet electricity consumption complemented by only few capacity investments in conventional technology.
Subjects: 
electricity markets
investment
climate policy
Document Type: 
Working Paper

Files in This Item:
File
Size
875.62 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.