NDLI: Dynamic interactions of renewable and carbon policies on power generation investments

Content Provider	IEEE Xplore Digital Library
Author	Richstein, J.C. Fagiani, R. de Vries, L.
Copyright Year	2013
Description	Author affiliation: Dept. of Technol., Policy & Manage., Delft Univ. of Technol., Delft, Netherlands (Richstein, J.C.; Fagiani, R.; de Vries, L.)
Abstract	The EU and its member states implement different policy tools aiming to promote a more sustainable power sector and achieve security of supply. Here carbon and renewable policies are the most prominently implemented (with the EU ETS established at the European level, and several national renewable policies implemented by the member states). In principle a distinction between price-based and quantity-based policies can be made for both carbon and renewable policies. Both policies directly affect the power sector and reciprocally interact. While this has already been investigated for equilibrium situations, the feedback loops between policy mechanisms, the electricity market and investors over several years, is less well known. We present a long-term simulation of a single country power sector where carbon and renewable policies are implemented on a national level. Different scenarios are investigated alternating quantity and price-based mechanism for both carbon and renewable policies, namely a carbon tax, carbon market, feed-in tariffs and tradeable green certificates. The simulation is primarily economic model with risk-averse, expected-profit maximising agents, which use a conditional value at risk approach as a measure of investment risk. The results show the dynamic impact that different policy implementations and combinations have on decision of investors. The paper concludes with suggestions for policy makers.
Starting Page	1
Ending Page	8
File Size	290906
Page Count	8
File Format	PDF
ISBN	9781479920082
ISSN	21654093
DOI	10.1109/EEM.2013.6607400
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2013-05-27
Publisher Place	Sweden
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	RES Policy Regulators Electricity Carbon dioxide Generators Modelling Carbon Investment Carbon tax EU ETS
Content Type	Text
Resource Type	Article

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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