Integration of energy systems, circular economy and efficiency measures

Seljak, Tine; Baleta, Jakov; Mikulčić, Hrvoje

doi:10.1016/j.clce.2022.100088

Cited by 4 publications

(1 citation statement)

References 61 publications

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“…In light of the climate problem [5], the implementation of the aforementioned systems can be viewed within a broader context. In addition, available resources should be utilized more responsibly during the energy transition, specifically by implementing a circular economy [6,7] and more sustainable technologies [8,9]. The use of renewable energy sources in both public and private facilities, the electrification of public transportation, and energy renovations, for instance, have been found to substantially reduce GHG emissions while lowering specific costs as the overall reduction in emissions quantity increases [10,11].…”

Section: Introductionmentioning

confidence: 99%

Enhancing Carbon Capture and Storage Deployment in the EU: A Sectoral Analysis of a Ton-Based Incentive Strategy

Vodopić,

Vulin,

Karasalihović Sedlar

et al. 2023

Sustainability

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The EU considers carbon capture and storage (CCS) technology as an option for achieving climate goals, but its cost remains appreciable. Therefore, the purpose of this research was to investigate the implementation of a ton-based incentive system for CCS in the EU using Croatia as an example based on an analysis of the existing legislative framework in the EU and relevant tax credit provisions in the USA. A novel methodology for the design of the incentive system is presented in the form of partial allocation of the state’s auction revenues from the EU emissions trading system (ETS) into the CCS fund for five years. The CCS fund assets then incentivize the capture site for 10 years. The incentives are determined for each emitter in cement, electricity, paper and pulp, glass, oil refining, and petrochemical sectors based on varying European Union allowance (EUA) prices, CCS fund sizes, and CO2 emission scenarios. In addition to designing the methodology, a novel method for forecasting CO2 emissions is applied using geometric Brownian motion. The calculated incentives are categorized as underperforming, optimal, or overperforming, with upper and lower limits set to 80 and 10 EUR/t. The results are optimistic, since all sectors can be efficiently incentivized within the defined boundaries, meaning that the incentive system can be applied to all member states. The contracting of the incentives is proposed through carbon contracts for difference to avoid irregularities. Also, regulatory amendments are proposed so that emitters with emissions higher than 100 kt would have to consider CCS. Finally, the contributions are presented by proving the feasibility of the incentive system together with demonstrating its applicability to all member states.

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Section: Introductionmentioning

confidence: 99%

Enhancing Carbon Capture and Storage Deployment in the EU: A Sectoral Analysis of a Ton-Based Incentive Strategy

Vodopić,

Vulin,

Karasalihović Sedlar

et al. 2023

Sustainability

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Importance of long-term flexibility in a 100% renewable energy scenario for Japan

Kuriyama,

Liu,

Naito

et al. 2023

Sustain Sci

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Facilitating circularity in city governance in the Republic of Serbia: a novel approach to modeling of energy efficiency big data mining

Radovanović,

Filipović,

Šimić

2024

Energy Efficiency

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Efficient use of energy and other resources, as the basic postulates of the circular economy, is a prerequisite for the green transition to more sustainable cities in the future. The main scientific goal of the paper is the development of a new approach to city governance when it comes to the inefficient use of energy, predominantly fossil fuels, mainly in developing and poor countries. Energy efficiency problems faced by these countries require the introduction of urgent, applicable, and realistically achievable solutions. A prerequisite for adequate analysis and modeling of energy efficiency performance, measures, policies, outcomes, and impacts is the introduction and functioning of the big data management system, which should begin with data mining. On the other hand, adequate data collection has been neglected in many of these countries. The study shows a way to reduce this gap, but in accordance with realistic and limited possibilities for countries with less favorable conditions. In that respect, a conceptual model for the Analytical Service for facilitating energy efficiency in city governance was developed and presented as a driver that can enable cities to manage energy more efficiently. The model is based on an interdisciplinary approach and on the needs of cities in the Republic of Serbia. However, it is designed to allow upgrading in accordance with the capabilities and resources of cities, primarily applicable in developing and poor countries.

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Integration of energy systems, circular economy and efficiency measures

Cited by 4 publications

References 61 publications

Enhancing Carbon Capture and Storage Deployment in the EU: A Sectoral Analysis of a Ton-Based Incentive Strategy

Enhancing Carbon Capture and Storage Deployment in the EU: A Sectoral Analysis of a Ton-Based Incentive Strategy

Importance of long-term flexibility in a 100% renewable energy scenario for Japan

Facilitating circularity in city governance in the Republic of Serbia: a novel approach to modeling of energy efficiency big data mining

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