Renewable energy and CO 2 abatement in Italy

Marcantonini, Claudio; Valéro, Vanessa

doi:10.1016/j.enpol.2016.12.029

Cited by 44 publications

(12 citation statements)

References 21 publications

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“…Emission factors are 4.2, 3.1 and 2.4 tCO 2 /toe for coal, oil and gas, respectively. 43 This is supported by evidence that the EUA-price equivalent of renewable subsidies has been significantly higher than EUA prices (Marcantonini & Ellerman, 2015;Marcantonini & Valero, 2017;Abrell et al, 2019). the ratio of CO 2 emissions to energy consumed finally yields the carbon intensity index.…”

Section: Permit Demandmentioning

confidence: 98%

Emissions trading with rolling horizons

Quemin

Trotignon

2021

Journal of Economic Dynamics and Control

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We build a model of competitive emissions trading under uncertainty with supply-side control. Firms can use rolling planning horizons to deal with uncertainty and can also exhibit bounded responsiveness to the control. We tailor the model to the EU ETS, calibrate it to 2008-2017 market developments and find that a rolling horizon is able to reconcile the banking dynamics with discount rates implied from futures' yield curves. We evaluate the 2018 market reform, decompose the impacts of its main features and quantify how they hinge on the firms' horizon and responsiveness. We highlight important implications for policy design and evaluation.

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Section: Permit Demandmentioning

confidence: 98%

Emissions trading with rolling horizons

Quemin

Trotignon

2021

Journal of Economic Dynamics and Control

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“…Implications related to renewable energy penetration within the Italian energy system have been explored in various research studies in terms of wholesale electricity price [31,32], CO 2 average abatement costs [33], annual costs and curtailments [34] and emissions reduction at various levels of penetration [35][36][37][38]. A significant share of intermittent RES in the Italian electrical system cannot be achieved unless adequate operating thermal backup systems and energy storage capacity are included [37,38].…”

Section: Joining the Paris Agreement Italy Developed A New National Energymentioning

confidence: 99%

Positive interactions between electric vehicles and renewable energy sources in CO2-reduced energy scenarios: The Italian case

Bellocchi

Gambini

Manno

et al. 2018

Energy

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Electric vehicles are progressively emerging in the light-duty passenger market as a promising alternative to oil-dependent road transport in the attempt to reduce greenhouse gas and pollutant emissions. However, it is necessary to investigate how a significant penetration of electric vehicles in the private transport fleet would affect the strategic planning of large scale energy systems.This study evaluates the integration of electric vehicles in the Italian energy scenario and their synergy with electricity generation from renewable energy sources, identifying the impact in terms of CO 2 emissions, costs and curtailments on a medium-long term perspective. The national energy system has been accurately characterized using currently available data and its operation simulated with the EnergyPLAN software through an integrated analysis method. Possible energy scenarios have been defined with increasing shares of electric vehicles and intermittent renewable energy sources.Results assess the impact of electric vehicles in cutting private transport carbon emissions and the positive interaction with increasing levels of renewables under different vehicle charging strategies and the capability of electric vehicles to behave as an electricity storage system.

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“…For PV generation, the implicit carbon price is much higher, averaging e552/tCO 2 over the same period. Using the same approach, Marcantonini and Valero (2017) estimate implicit carbon prices for subsidies to wind and PV generation in Italy, 2008-2011. Compared to the results for Germany in the previous study, implicit carbon prices turn out to be much higher, averaging e165/tCO 2 and e1000/tCO 2 for wind and PV, respectively.…”

Section: Abatement Cost Of Companion Policiesmentioning

confidence: 99%

The EU ETS and its companion policies: any insight for China's ETS?

et al. 2021

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This paper analyses the role that companion policies have had in the reduction of emissions regulated by the EU Emissions Trading System (EU ETS) and the related policy interactions, with a view to identifying relevant insights for China's forthcoming Emissions Trading System (ETS). The investigation rests on: (a) the observation of the EU's and China's ETSs and policy mixes; (b) economic theory concerning companion policies and ETS design; and (c) empirical ex-post evidence from the EU ETS. Three main conclusions emerge from the analysis. First, China's ETS, while not imposing a fixed cap on emissions, will not be immune to waterbed effects of companion policies. Second, the European experience stresses the importance of making explicit the objectives pursued by companion policies, and of balancing policies for innovation and policies for adoption of low-carbon technologies. Third, in the presence of a major market surplus, only permanent adjustments to allowance supply can be effective in raising prices.

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Renewable energy and CO 2 abatement in Italy

Cited by 44 publications

References 21 publications

Emissions trading with rolling horizons

Emissions trading with rolling horizons

Positive interactions between electric vehicles and renewable energy sources in CO2-reduced energy scenarios: The Italian case

The EU ETS and its companion policies: any insight for China's ETS?

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