English
 
Privacy Policy Disclaimer
  Advanced SearchBrowse

Item

ITEM ACTIONSEXPORT
  Cross-country spillovers of renewable energy promotion - The case of Germany

Abrell, J., Kosch, M. (2022): Cross-country spillovers of renewable energy promotion - The case of Germany. - Resource and Energy Economics, 68, 101293.
https://doi.org/10.1016/j.reseneeco.2022.101293

Item is

Files

show Files
hide Files
:
j.reseneeco.2022.101293 (Publisher version), 14KB
 
File Permalink:
-
Name:
j.reseneeco.2022.101293
Description:
-
Visibility:
Private
MIME-Type / Checksum:
text/html
Technical Metadata:
Copyright Date:
-
Copyright Info:
-
License:
-

Locators

show

Creators

show
hide
 Creators:
Abrell, Jan1, Author
Kosch, Mirjam2, Author              
Affiliations:
1External Organizations, ou_persistent22              
2Potsdam Institute for Climate Impact Research, ou_persistent13              

Content

show
hide
Free keywords: Renewable promotion, Electricity prices, Merit-order effect, Cross-border impacts, Carbon emissions
 Abstract: Electricity generation based on renewable energy (RE) sources such as wind and solar replace the most expensive generators that often rely on fossil fuels. In response to RE promotion, wholesale electricity prices and carbon emissions are therefore expected to decrease. In interconnected electricity systems, this so-called merit-order effect stimulates a change in electricity trade flows. Therefore, conventional generation and prices in neighboring countries are also likely to decrease. The impact of these trade reactions on carbon offsets is ambiguous and depends on installed generation and interconnector capacities. Moreover, the cross-border merit-order effect causes opposing effects on consumers and producers: generators’ profits decline, while consumers benefit from lower electricity costs and an increase in the consumer surplus. Using a rich data set of hourly technology-specific generation and wholesale market price data for ten central European countries, we estimate the domestic and cross-border impacts of German RE for the years 2015–2020. We find that German RE generation offset 79–113 MtCO per year. The major emission effect took place in Germany (64–99 MtCO). The average cost of emission offset of 212–321€/t were almost entirely borne by German market participants. Neighboring countries do not bear costs, but a significant shift from producer to consumer rents is observed.

Details

show
hide
Language(s):
 Dates: 2021-10-082021-07-312022-01-142022-01-192022-01-31
 Publication Status: Finally published
 Pages: -
 Publishing info: -
 Table of Contents: -
 Rev. Type: Peer
 Identifiers: DOI: 10.1016/j.reseneeco.2022.101293
MDB-ID: No data to archive
Organisational keyword: RD3 - Transformation Pathways
PIKDOMAIN: RD3 - Transformation Pathways
Research topic keyword: Energy
Research topic keyword: Economics
Research topic keyword: Climate Policy
Research topic keyword: Decarbonization  
Regional keyword: Germany
Regional keyword: Europe
Model / method: Quantitative Methods
Working Group: Climate & Energy Policy
 Degree: -

Event

show

Legal Case

show

Project information

show

Source 1

show
hide
Title: Resource and Energy Economics
Source Genre: Journal, SCI, Scopus
 Creator(s):
Affiliations:
Publ. Info: -
Pages: - Volume / Issue: 68 Sequence Number: 101293 Start / End Page: - Identifier: CoNE: https://publications.pik-potsdam.de/cone/journals/resource/Resource-Energy-Economics
Publisher: Elsevier