For future low-carbon energy systems with high shares of renewable energy, temporal representation becomes the dominant factor that impacts the model outputs and analysis conclusions; therefore, relevant and complex modelling approaches are required. We present and apply specific methodology for...

A decarbonized global energy sector is expected to need cumulative investments in the tens to hundreds of trillions of dollars between now and 2050. Due to its size, the current climate-business environment is therefore prone to corruption risks. Yet such corruption risks are rarely explored...

A weather-driven model is used to investigate the requirements for the backup generation (annual energy, power capacity and flexibility) in a power system with different penetrations of wind, solar photovoltaics, and hydroelectricity. The impact of interannual variability is assessed by using 26...

Wind energy is one of the leading forms of non-hydro renewable energy sources in the world. Russia ranks among the top countries with vast wind energy resources and among the top CO2 producers as well. Simultaneously, the utilization of wind energy is extremely low compared to other CO2 emitting...

Hybrid energy production from available resources such as wind and solar are identified as an environmentally friendly alternative for power production. Australia, as a developed country, possesses the potential to use renewable energies. Motivated by the lack of comprehensive research dedicated...

An increase in market concentration (MC), which refers to a large share of few and large firms in a given sector, is a main concern for governments all over the world since it is believed to affect competition levels and, thus, lead to inefficiencies. It has also captured the attention of...

Latin America is one of the regions most vulnerable to the effects of climate variability on hydropower generation. Hydropower is the backbone of the Latin-American power system and a key technology for ensuring low-carbon power generation in the region. Despite its importance, our understanding...

In order to efficiently mitigate greenhouse gas emissions at the global level, renewables have emerged to help build a less carbon-intensive and more sustainable energy system worldwide. The competition between renewables and conventional fossil fuel power technologies remains critical for...