CO2 Abatement from RES Injections in the German Electricity Sector: Does a CO2 price help?

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Show simple item record WEIGT, Hannes DELARUE, Erik ELLERMAN, A. Denny 2012-05-15T14:04:20Z 2012-05-15T14:04:20Z 2012
dc.identifier.issn 1028-3625
dc.description.abstract The overlapping impact of the Emission Trading System (ETS) and renewable energy (RE) deployment targets creates a classic case of interaction effects. Whereas the price interaction is widely recognized and has been thoroughly discussed, the effect of an overlapping instrument on the abatement attributable to an instrument has gained little attention. This paper estimates the actual reduction in demand for European Union Allowances that has occurred due to RE deployment focusing on the German electricity sector, for the five years 2006 through 2010. Based on a unit commitment model we estimate that CO2 emissions from the electricity sector are reduced by 33 to 57 Mtons, or 10% to 16% of what estimated emissions would have been without any RE policy. Furthermore, we find that the abatement attributable to RE injections is greater in the presence of an allowance price than otherwise. The same holds for the ETS effect in presence of RE injection. This interaction effect is consistently positive for the German electricity system, at least for these years, and on the order of 0.5% to 1.5% of emissions. en
dc.format.mimetype application/pdf
dc.language.iso en en
dc.relation.ispartofseries EUI RSCAS en
dc.relation.ispartofseries 2012/18 en
dc.relation.ispartofseries [Loyola de Palacio Chair] en
dc.relation.ispartofseries Climate Policy Research Unit en
dc.rights info:eu-repo/semantics/openAccess
dc.subject ETS en
dc.subject RE policy en
dc.subject interaction en
dc.subject emission abatement en
dc.subject Germany en
dc.subject L94 en
dc.subject Q58 en
dc.title CO2 Abatement from RES Injections in the German Electricity Sector: Does a CO2 price help? en
dc.type Working Paper en
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