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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Oslo: Statistics Norway, Research Department
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ftzbwkiel:oai:econstor.eu:10419/192838 2023-12-24T10:12:53+01:00 Phasing out coal and phasing in renewables – good or bad news for arctic gas producers? Lindholt, Lars Glomsrød, Solveig 2017 http://hdl.handle.net/10419/192838 eng eng Oslo: Statistics Norway, Research Department Series: Discussion Papers No. 856 gbv-ppn:883748207 http://hdl.handle.net/10419/192838 RePEc:ssb:dispap:856 http://www.econstor.eu/dspace/Nutzungsbedingungen ddc:330 Q31 Q41 Q58 Arctic Coal market Gas market Electricity market Equilibrium model doc-type:workingPaper 2017 ftzbwkiel 2023-11-27T00:41:53Z 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. Report Arctic EconStor (German National Library of Economics, ZBW) Arctic |
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Open Polar |
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EconStor (German National Library of Economics, ZBW) |
op_collection_id |
ftzbwkiel |
language |
English |
topic |
ddc:330 Q31 Q41 Q58 Arctic Coal market Gas market Electricity market Equilibrium model |
spellingShingle |
ddc:330 Q31 Q41 Q58 Arctic Coal market Gas market Electricity market Equilibrium model Lindholt, Lars Glomsrød, Solveig Phasing out coal and phasing in renewables – good or bad news for arctic gas producers? |
topic_facet |
ddc:330 Q31 Q41 Q58 Arctic Coal market Gas market Electricity market Equilibrium model |
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 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. |
format |
Report |
author |
Lindholt, Lars Glomsrød, Solveig |
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? |
publisher |
Oslo: Statistics Norway, Research Department |
publishDate |
2017 |
url |
http://hdl.handle.net/10419/192838 |
geographic |
Arctic |
geographic_facet |
Arctic |
genre |
Arctic |
genre_facet |
Arctic |
op_relation |
Series: Discussion Papers No. 856 gbv-ppn:883748207 http://hdl.handle.net/10419/192838 RePEc:ssb:dispap:856 |
op_rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
_version_ |
1786177464773378048 |