2008
DOI: 10.1016/j.ijggc.2008.01.001
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Global energy and emissions scenarios for effective climate change mitigation—Deterministic and stochastic scenarios with the TIAM model

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Cited by 24 publications
(32 citation statements)
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“…This has the advantage of accounting for the cost of uncertainty, relaxing the assumption of perfect foresight and analysing hedging strategies. Stochastic programming has been applied to a large variety of input assumptions in energy systems modelling, like energy prices (Krey et al, 2007), resource availability (Usher & Strachan, 2012), technology parameters (Labriet et al, 2012), climate sensitivity (Syri et al, 2008), the stringency of mitigation targets (Kanudia & Loulou, 1998) and the stochasticity of intermittent renewable resources (Seljom & Tomasgarda, 2015).…”
Section: Annexmentioning
confidence: 99%
“…This has the advantage of accounting for the cost of uncertainty, relaxing the assumption of perfect foresight and analysing hedging strategies. Stochastic programming has been applied to a large variety of input assumptions in energy systems modelling, like energy prices (Krey et al, 2007), resource availability (Usher & Strachan, 2012), technology parameters (Labriet et al, 2012), climate sensitivity (Syri et al, 2008), the stringency of mitigation targets (Kanudia & Loulou, 1998) and the stochasticity of intermittent renewable resources (Seljom & Tomasgarda, 2015).…”
Section: Annexmentioning
confidence: 99%
“…Regarding the costs, we reviewed different studies on the present costs of wind installation [7], offshore sites [65], and the future costs [59,66]. It is expected that the investment cost of wind generation in Finland would decrease by 5% by 2030 with expanding the installed capacity [67]. The cost of power imbalance entailed by wind into the power system is also considered in the cost calculations, amounting 3-4 €/MWh of wind production [68,69].…”
Section: Higher Wind Integrations Under Today's Conditionsmentioning
confidence: 99%
“…Earlier scenario literature has considered this type of dynamic climate policy only in few papers (Syri et al, 2007;Johansson et al, 2008;Webster et al, 2008;Loulou et al, 2009), and in a very simplified setting, where the uncertainty is resolved in its entirety suddenly at a single point of time, usually in 2040. In this report we present a more sophisticated treatment of the dynamic climate policy problem, using a simplified, stochastic model using marginal abatement cost curves.…”
Section: A Cost-optimal Pathway For the 2c Targetmentioning
confidence: 99%