Climate, wind energy, and CO 2 emissions from energy production in Denmark
The dynamic relation between CO 2 emissions and wind energy in Denmark is analyzed using a fractional cointegration approach, extended to accommodate covariates. The impact of climate and forces of demand on the potential of wind power production for emissions abatement is investigated. Emissions de...
Published in: | Energy Economics |
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2023
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Online Access: | https://pure.au.dk/portal/en/publications/d4b87bf5-6a53-4433-bbc6-995e52ef3db8 https://doi.org/10.1016/j.eneco.2023.106821 http://www.scopus.com/inward/record.url?scp=85169879537&partnerID=8YFLogxK |
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ftuniaarhuspubl:oai:pure.atira.dk:publications/d4b87bf5-6a53-4433-bbc6-995e52ef3db8 2024-04-21T08:07:47+00:00 Climate, wind energy, and CO 2 emissions from energy production in Denmark Carlini, Federico Christensen, Bent Jesper Datta Gupta, Nabanita Santucci de Magistris, Paolo 2023-09 https://pure.au.dk/portal/en/publications/d4b87bf5-6a53-4433-bbc6-995e52ef3db8 https://doi.org/10.1016/j.eneco.2023.106821 http://www.scopus.com/inward/record.url?scp=85169879537&partnerID=8YFLogxK eng eng https://pure.au.dk/portal/en/publications/d4b87bf5-6a53-4433-bbc6-995e52ef3db8 info:eu-repo/semantics/openAccess Carlini , F , Christensen , B J , Datta Gupta , N & Santucci de Magistris , P 2023 , ' Climate, wind energy, and CO 2 emissions from energy production in Denmark ' , Energy Economics , vol. 125 , 106821 . https://doi.org/10.1016/j.eneco.2023.106821 Climate CO emissions Demand Fractional cointegration article 2023 ftuniaarhuspubl https://doi.org/10.1016/j.eneco.2023.106821 2024-03-28T00:41:09Z The dynamic relation between CO 2 emissions and wind energy in Denmark is analyzed using a fractional cointegration approach, extended to accommodate covariates. The impact of climate and forces of demand on the potential of wind power production for emissions abatement is investigated. Emissions decline as temperature increases. Wind power production increases with precipitation and North Atlantic oscillations. Aggregate output matters for emissions in a manner consistent with an environmental Kuznets curve (EKC). Accounting for a seasonal trend, our main estimate of marginal CO 2 emissions avoided (MEA) per MWh of wind energy produced is 0.16 tonnes, based on impulse responses. This estimate of the abatement potential of wind power is lower than values reported in the literature, but statistically significant, and robust to including climate and EKC variables. MEA is reduced by about one third by treating electricity prices as endogenous, and by one quarter by including emissions from combustion of biomass. However, formal exogeneity tests indicate that the main MEA estimate is not inflated due to left-out general equilibrium effects. Without covariates, estimated MEA is 0.07, and insignificant. Article in Journal/Newspaper North Atlantic Aarhus University: Research Energy Economics 125 106821 |
institution |
Open Polar |
collection |
Aarhus University: Research |
op_collection_id |
ftuniaarhuspubl |
language |
English |
topic |
Climate CO emissions Demand Fractional cointegration |
spellingShingle |
Climate CO emissions Demand Fractional cointegration Carlini, Federico Christensen, Bent Jesper Datta Gupta, Nabanita Santucci de Magistris, Paolo Climate, wind energy, and CO 2 emissions from energy production in Denmark |
topic_facet |
Climate CO emissions Demand Fractional cointegration |
description |
The dynamic relation between CO 2 emissions and wind energy in Denmark is analyzed using a fractional cointegration approach, extended to accommodate covariates. The impact of climate and forces of demand on the potential of wind power production for emissions abatement is investigated. Emissions decline as temperature increases. Wind power production increases with precipitation and North Atlantic oscillations. Aggregate output matters for emissions in a manner consistent with an environmental Kuznets curve (EKC). Accounting for a seasonal trend, our main estimate of marginal CO 2 emissions avoided (MEA) per MWh of wind energy produced is 0.16 tonnes, based on impulse responses. This estimate of the abatement potential of wind power is lower than values reported in the literature, but statistically significant, and robust to including climate and EKC variables. MEA is reduced by about one third by treating electricity prices as endogenous, and by one quarter by including emissions from combustion of biomass. However, formal exogeneity tests indicate that the main MEA estimate is not inflated due to left-out general equilibrium effects. Without covariates, estimated MEA is 0.07, and insignificant. |
format |
Article in Journal/Newspaper |
author |
Carlini, Federico Christensen, Bent Jesper Datta Gupta, Nabanita Santucci de Magistris, Paolo |
author_facet |
Carlini, Federico Christensen, Bent Jesper Datta Gupta, Nabanita Santucci de Magistris, Paolo |
author_sort |
Carlini, Federico |
title |
Climate, wind energy, and CO 2 emissions from energy production in Denmark |
title_short |
Climate, wind energy, and CO 2 emissions from energy production in Denmark |
title_full |
Climate, wind energy, and CO 2 emissions from energy production in Denmark |
title_fullStr |
Climate, wind energy, and CO 2 emissions from energy production in Denmark |
title_full_unstemmed |
Climate, wind energy, and CO 2 emissions from energy production in Denmark |
title_sort |
climate, wind energy, and co 2 emissions from energy production in denmark |
publishDate |
2023 |
url |
https://pure.au.dk/portal/en/publications/d4b87bf5-6a53-4433-bbc6-995e52ef3db8 https://doi.org/10.1016/j.eneco.2023.106821 http://www.scopus.com/inward/record.url?scp=85169879537&partnerID=8YFLogxK |
genre |
North Atlantic |
genre_facet |
North Atlantic |
op_source |
Carlini , F , Christensen , B J , Datta Gupta , N & Santucci de Magistris , P 2023 , ' Climate, wind energy, and CO 2 emissions from energy production in Denmark ' , Energy Economics , vol. 125 , 106821 . https://doi.org/10.1016/j.eneco.2023.106821 |
op_relation |
https://pure.au.dk/portal/en/publications/d4b87bf5-6a53-4433-bbc6-995e52ef3db8 |
op_rights |
info:eu-repo/semantics/openAccess |
op_doi |
https://doi.org/10.1016/j.eneco.2023.106821 |
container_title |
Energy Economics |
container_volume |
125 |
container_start_page |
106821 |
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1796947844807000064 |