Journal Article

Energy Systems Analysis and Modelling towards Decarbonisation

Fragkos, Panagiotis, Siskos, Pelopidas

2022

Overview

Introduction The Paris Agreement establishes a process to combine Nationally Determined Contributions with the long-term goal of limiting global warming to well below 2 °C and even to 1.5 °C. Responding to this challenge, national and regional low-emission strategies are prepared by both EU and non-EU countries, outlining clean energy transition pathways. The authors identify the scope of the required investment in generation capacity and the amount of electricity production from BECCS necessary to meet the greenhouse gas (GHG) emission reduction targets in the EU, examining the technology’s impact on the overall system costs and marginal abatement costs (MACs). [...]an automated scheduling framework enabled by smart contract is established for reliable coordination between wind farms and multiple energy markets. [...]based on the findings of the empirical study, this paper puts forward policy recommendations for the construction of China’s carbon disclosure system.

• Publisher: MDPI AG
• Subject: Alternative energy sources / Automation / Carbon dioxide / Carbon sequestration / Coronaviruses / Costs / COVID-19 / Disclosure / Economic development / Efficiency / Electric vehicles / Electricity / Emissions / Energy industry / Environmental policy / GDP / Greenhouse gases / Gross Domestic Product / Industrial plant emissions / Infrastructure / n/a / Paris Agreement / Power plants / Renewable resources / Scheduling / Wind farms