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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ftrepec:oai:RePEc:ssb:dispap:856 2023-05-15T14:33:56+02:00 Phasing out coal and phasing in renewables – good or bad news for arctic gas producers? Lars Lindholt Solveig Glomsrød https://www.ssb.no/en/forskning/discussion-papers/_attachment/297937 unknown https://www.ssb.no/en/forskning/discussion-papers/_attachment/297937 preprint ftrepec 2020-12-04T13:35:06Z 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 degrees 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 and higher costs in the Arctic, future investments in new reserves in the region are still profitable in our policy scenario, as total arctic gas production then is only marginally lower in 2050 than today. Arctic; Coal market; Gas market; Electricity market; Equilibrium model Report Arctic RePEc (Research Papers in Economics) Arctic |
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RePEc (Research Papers in Economics) |
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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 degrees 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 and higher costs in the Arctic, future investments in new reserves in the region are still profitable in our policy scenario, as total arctic gas production then is only marginally lower in 2050 than today. Arctic; Coal market; Gas market; Electricity market; Equilibrium model |
format |
Report |
author |
Lars Lindholt Solveig Glomsrød |
spellingShingle |
Lars Lindholt Solveig Glomsrød Phasing out coal and phasing in renewables – good or bad news for arctic gas producers? |
author_facet |
Lars Lindholt Solveig Glomsrød |
author_sort |
Lars Lindholt |
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 |
https://www.ssb.no/en/forskning/discussion-papers/_attachment/297937 |
geographic |
Arctic |
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Arctic |
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Arctic |
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Arctic |
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https://www.ssb.no/en/forskning/discussion-papers/_attachment/297937 |
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1766307096319492096 |