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Electricity shortage has become a major challenge to continued economic growth in Bangladesh. The country is growing in … terms of GDP growth at a rate of 7% a year. Bangladesh is expected to move towards 23rd position globally by 2050 from its … within the same period. Currently, electricity generation in Bangladesh is highly dependent on fossil fuels, nearly 59% is …
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The EU member states have declared to strongly increase the share of Renewable Energy Sources in the next decades. Given a large deployment of wind and solar capacities as well as limited cost-efficient storage technologies, this has two major impacts on electricity systems. First, the...
Persistent link: https://www.econbiz.de/10010342120
By 2050, the European Union aims to reduce greenhouse gases by more than 80 %. The EU member states have therefore declared to strongly increase the share of renewable energy sources (RES-E) in the next decades. Given a large deployment of wind and solar capacities, there are two major impacts...
Persistent link: https://www.econbiz.de/10010190817
This article presents an applied general equilibrium model which combines the theoretical foundations of an Eaton-Kortum type model of international trade with the complexity of a global multi-region, multi-sector Computable General Equilibrium (CGE) model of production and consumption. The...
Persistent link: https://www.econbiz.de/10011624245
We use the cross-impact balance analysis to develop narratives that differ in the level of political collaboration (in terms of the stringency of the EU climate policy) and physical collaboration (possible expansion of transmission capacity between countries) in the European power market....
Persistent link: https://www.econbiz.de/10012319321
The German Federal Government passed the "Easter Package" in July 2022, which envisages a number of measures for the expansion of renewable energy sources. The package retains sliding market premiums as a remuneration mechanism, which protect electricity producers unilaterally, while contracts...
Persistent link: https://www.econbiz.de/10013366772
Renewable energy resources possess unique characteristics-intermittency and uncertainty- that pose challenges to electricity grid operations. We study these characteristics and find that uncertainty, represented by wind forecast error, has larger grid impacts than intermittency, or hourly...
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