气候变化领域集成服务门户(CCPortal): Can liberalised electricity markets support decarbonised portfolios in line with the Paris Agreement? A case study of Central Western Europe

CCPortal

DOI	10.1016/j.enpol.2020.111987
	Can liberalised electricity markets support decarbonised portfolios in line with the Paris Agreement? A case study of Central Western Europe
	Zappa W.; Junginger M.; van den Broek M.
发表日期	2021
ISSN	03014215
卷号	149
英文摘要	We model the evolution of the Central Western Europe power system until 2040 with an increasing carbon price and strong growth of variable renewable energy sources (vRES) for four electricity market designs: the current energy-only market, a reformed energy-only market, both also with the addition of a capacity market. Each design is modelled for two decarbonisation pathways: one targeting net-zero emissions by 2040 for a 2 °C warming limit, and the other targeting −850 Mt CO₂ y‾ for a 1.5 °C warming limit. We compare these scenarios against the high-level objectives of delivering low-carbon electricity reliably to consumers at the lowest possible cost. Our results suggest that both 2 °C and 1.5 °C compliant systems could be achieved and deliver electricity reliably. In terms of cost, we find the 1.5 °C warming scenarios lead to system costs which are twice as high as the 2 °C scenarios due to the high cost of negative emission technologies – in particular direct air carbon capture (DAC). To make a 1.5 °C target more affordable, policymakers should investigate lower cost alternatives in other sectors, and increase research and development in DAC to reduce its cost. © 2020 The Authors
关键词	Capacity market Electricity market Market design Negative emissions Paris agreement Variable renewable energy
英文关键词	Renewable energy resources; Capacity markets; Electricity market design; Emission technology; Energy-only market; Liberalised electricity market; Low-carbon electricities; Research and development; Variable renewable energies; Power markets; alternative energy; carbon sequestration; comparative study; electricity supply; energy market; environmental legislation; pollution tax; renewable resource; Western Europe
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/205431
作者单位	Copernicus Institute of Sustainable Development, Utrecht University, Princetonlaan 8a, CB Utrecht, 3584, Netherlands; Energy and Sustainability Research Institute, University of Groningen, Nijenborgh 6, Groningen, 9747 AG, Netherlands
推荐引用方式 GB/T 7714	Zappa W.,Junginger M.,van den Broek M.. Can liberalised electricity markets support decarbonised portfolios in line with the Paris Agreement? A case study of Central Western Europe[J],2021,149.
APA	Zappa W.,Junginger M.,&van den Broek M..(2021).Can liberalised electricity markets support decarbonised portfolios in line with the Paris Agreement? A case study of Central Western Europe.Energy Policy,149.
MLA	Zappa W.,et al."Can liberalised electricity markets support decarbonised portfolios in line with the Paris Agreement? A case study of Central Western Europe".Energy Policy 149(2021).