Impact of Renewables Deployment on the CO2 Price and the CO2 Emissions in the European Electricity Sector

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dc.contributor.author VAN DEN BERGH, Kenneth
dc.contributor.author DELARUE, Erik
dc.contributor.author D'HAESELEER, William
dc.date.accessioned 2012-12-05T16:54:51Z
dc.date.available 2012-12-05T16:54:51Z
dc.date.issued 2012
dc.identifier.issn 1028-3625
dc.identifier.uri http://hdl.handle.net/1814/24680
dc.description.abstract As of 2005, electricity generators in Europe operate under the European Union Emission Trading System (EU ETS). At the same time, European Member States have launched support mechanisms to stimulate the deployment of renewable electricity sources (RES-E). RES-E injections displace CO2 emissions within the sectors operating under the EU ETS and they reduce the demand for European Union Allowances (EUAs), therefore reducing the EUA price. This paper presents the results of an ex-post analysis to quantify the impact of RES-E deployment on the EUA price and CO2 emissions in the Western and Southern European electricity sector during the period from 2007 to 2010. This study shows that the CO2 displacement from the electricity sector to other ETS sectors due to RES-E deployment can be up to more than 10 % of historical CO2 emissions in the electricity sector. The EUA price decrease caused by RES-E deployment varies between zero and multiple times the historical EUA price. en
dc.language.iso en en
dc.relation.ispartofseries EUI RSCAS en
dc.relation.ispartofseries 2012/66 en
dc.relation.ispartofseries Climate Policy Research Unit en
dc.subject RES-E deployment CO2 emissions EU ETS en
dc.title Impact of Renewables Deployment on the CO2 Price and the CO2 Emissions in the European Electricity Sector en
dc.type Working Paper en


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