Phasing out coal and phasing in renewables – Good or bad news for arctic gas producers?
This paper examines to what extent downscaling of global coal based electricity generation encourages gas demand and affects regional activity in gas production, with emphasis on the arctic regions. In our reference scenario up to 2050 we take into consideration that renewables is set to increase it...
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Online Access: | http://www.sciencedirect.com/science/article/pii/S0140988317304358 |
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ftrepec:oai:RePEc:eee:eneeco:v:70:y:2018:i:c:p:1-11 2024-04-14T08:06:00+00:00 Phasing out coal and phasing in renewables – Good or bad news for arctic gas producers? Lindholt, Lars Glomsrød, Solveig http://www.sciencedirect.com/science/article/pii/S0140988317304358 unknown http://www.sciencedirect.com/science/article/pii/S0140988317304358 article ftrepec 2024-03-19T10:28:40Z This paper examines to what extent downscaling of global coal based electricity generation encourages gas demand and affects regional activity in gas production, with emphasis on the arctic regions. In our reference scenario up to 2050 we take into consideration that renewables is set to increase its contribution to global electricity production over time, while coal will contribute less. We find that a policy scenario with further phasing out of coal and phasing in of renewables in line with the 2°C scenario for the power sector up to 2050, will lead to reduced arctic gas production compared to the reference scenario, although total worldwide electricity production doubles over the same period. However, even in a situation with less resources in the Arctic, future investments in new reserves in the region are still profitable in our 2°C policy scenario, as total arctic gas production is marginally higher in 2050 than today. Arctic; Coal market; Gas market; Electricity market; Equilibrium model; Article in Journal/Newspaper Arctic RePEc (Research Papers in Economics) Arctic |
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Open Polar |
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RePEc (Research Papers in Economics) |
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ftrepec |
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unknown |
description |
This paper examines to what extent downscaling of global coal based electricity generation encourages gas demand and affects regional activity in gas production, with emphasis on the arctic regions. In our reference scenario up to 2050 we take into consideration that renewables is set to increase its contribution to global electricity production over time, while coal will contribute less. We find that a policy scenario with further phasing out of coal and phasing in of renewables in line with the 2°C scenario for the power sector up to 2050, will lead to reduced arctic gas production compared to the reference scenario, although total worldwide electricity production doubles over the same period. However, even in a situation with less resources in the Arctic, future investments in new reserves in the region are still profitable in our 2°C policy scenario, as total arctic gas production is marginally higher in 2050 than today. Arctic; Coal market; Gas market; Electricity market; Equilibrium model; |
format |
Article in Journal/Newspaper |
author |
Lindholt, Lars Glomsrød, Solveig |
spellingShingle |
Lindholt, Lars Glomsrød, Solveig Phasing out coal and phasing in renewables – Good or bad news for arctic gas producers? |
author_facet |
Lindholt, Lars Glomsrød, Solveig |
author_sort |
Lindholt, Lars |
title |
Phasing out coal and phasing in renewables – Good or bad news for arctic gas producers? |
title_short |
Phasing out coal and phasing in renewables – Good or bad news for arctic gas producers? |
title_full |
Phasing out coal and phasing in renewables – Good or bad news for arctic gas producers? |
title_fullStr |
Phasing out coal and phasing in renewables – Good or bad news for arctic gas producers? |
title_full_unstemmed |
Phasing out coal and phasing in renewables – Good or bad news for arctic gas producers? |
title_sort |
phasing out coal and phasing in renewables – good or bad news for arctic gas producers? |
url |
http://www.sciencedirect.com/science/article/pii/S0140988317304358 |
geographic |
Arctic |
geographic_facet |
Arctic |
genre |
Arctic |
genre_facet |
Arctic |
op_relation |
http://www.sciencedirect.com/science/article/pii/S0140988317304358 |
_version_ |
1796302612417478656 |