Long term impacts of climate change on the transition towards renewables in Switzerland

Juan Esteban Martínez-Jaramillo; Ann van Ackere; Erik Larsen

doi:10.1016/j.energy.2022.126089

Long term impacts of climate change on the transition towards renewables in Switzerland

Juan Esteban Martínez-Jaramillo^*, Ann van Ackere, Erik Larsen

^*Corresponding author af dette arbejde

Institut for Virksomhedsledelse

Publikation: Bidrag til tidsskrift/Konferencebidrag i tidsskrift /Bidrag til avis › Tidsskriftartikel › Forskning › peer review

7 Citationer (Scopus)

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Abstract

Energy transitions towards green energy are taking place worldwide, motivated by climate change concerns. As the most used renewable technologies (i.e., wind, solar and hydro) have an unpredictable output, managing this variability is challenging. This paper uses a system dynamics approach to understand what type of regulation is required to successfully manage the simultaneous increase in demand and reduction in water resources in the Swiss electricity system, which is gradually replacing nuclear by solar generation. We address climate variability by running three climate scenarios while considering both demand side management and capacity auctions. Our findings indicate that, without government intervention, shortages occur and prices are higher. Subsidizing PV eliminates blackouts, decreases the electricity price and indirectly encourages Pumped Hydro-Storage investments.

Originalsprog	Engelsk
Artikelnummer	126089
Tidsskrift	Energy
Vol/bind	263
Nummer	Part E
Antal sider	14
ISSN	0360-5442
DOI	https://doi.org/10.1016/j.energy.2022.126089
Status	Udgivet - jan. 2023

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10.1016/j.energy.2022.126089Licens: CC BY

Martinez_Jaramillo_2023_Long_term_impacts_of_climate_changeForlagets udgivne version, 2,51 MBLicens: CC BY

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title = "Long term impacts of climate change on the transition towards renewables in Switzerland",

abstract = "Energy transitions towards green energy are taking place worldwide, motivated by climate change concerns. As the most used renewable technologies (i.e., wind, solar and hydro) have an unpredictable output, managing this variability is challenging. This paper uses a system dynamics approach to understand what type of regulation is required to successfully manage the simultaneous increase in demand and reduction in water resources in the Swiss electricity system, which is gradually replacing nuclear by solar generation. We address climate variability by running three climate scenarios while considering both demand side management and capacity auctions. Our findings indicate that, without government intervention, shortages occur and prices are higher. Subsidizing PV eliminates blackouts, decreases the electricity price and indirectly encourages Pumped Hydro-Storage investments.",

keywords = "Climate change, Energy modelling, Energy policy, Renewables",

author = "Mart{\'i}nez-Jaramillo, {Juan Esteban} and {van Ackere}, Ann and Erik Larsen",

year = "2023",

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doi = "10.1016/j.energy.2022.126089",

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volume = "263",

journal = "Energy",

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T1 - Long term impacts of climate change on the transition towards renewables in Switzerland

AU - Martínez-Jaramillo, Juan Esteban

AU - van Ackere, Ann

AU - Larsen, Erik

PY - 2023/1

Y1 - 2023/1

N2 - Energy transitions towards green energy are taking place worldwide, motivated by climate change concerns. As the most used renewable technologies (i.e., wind, solar and hydro) have an unpredictable output, managing this variability is challenging. This paper uses a system dynamics approach to understand what type of regulation is required to successfully manage the simultaneous increase in demand and reduction in water resources in the Swiss electricity system, which is gradually replacing nuclear by solar generation. We address climate variability by running three climate scenarios while considering both demand side management and capacity auctions. Our findings indicate that, without government intervention, shortages occur and prices are higher. Subsidizing PV eliminates blackouts, decreases the electricity price and indirectly encourages Pumped Hydro-Storage investments.

AB - Energy transitions towards green energy are taking place worldwide, motivated by climate change concerns. As the most used renewable technologies (i.e., wind, solar and hydro) have an unpredictable output, managing this variability is challenging. This paper uses a system dynamics approach to understand what type of regulation is required to successfully manage the simultaneous increase in demand and reduction in water resources in the Swiss electricity system, which is gradually replacing nuclear by solar generation. We address climate variability by running three climate scenarios while considering both demand side management and capacity auctions. Our findings indicate that, without government intervention, shortages occur and prices are higher. Subsidizing PV eliminates blackouts, decreases the electricity price and indirectly encourages Pumped Hydro-Storage investments.

KW - Climate change

KW - Energy modelling

KW - Energy policy

KW - Renewables

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DO - 10.1016/j.energy.2022.126089

M3 - Journal article

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SN - 0360-5442

VL - 263

JO - Energy

JF - Energy

IS - Part E

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ER -

Long term impacts of climate change on the transition towards renewables in Switzerland

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