Have fossil fuels been substituted by renewables? An empirical assessment for 10 European countries

Detalhes bibliográficos
Autor(a) principal: Marques, António Cardoso
Data de Publicação: 2018
Outros Autores: Fuinhas, José Alberto, Pereira, Diogo André
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.6/6747
Resumo: The electricity mix worldwide has become diversified mainly by exploiting endogenous and green resources. This trend has been spurred on so as to reduce both carbon dioxide emissions and external energy dependency. One would expect the larger penetration of renewable energies to provoke a substitution effect of fossil fuels by renewable sources, in the electricity generation mix. However, this effect is far from evident in the literature. This paper thus contributes to clarifying whether the effect exists and, if so, the characteristics of the effect by source. Three approaches, generation, capacity and demand, were analysed jointly to accomplish the main aim of this study. An autoregressive distributed lag model was estimated using the Driscoll and Kraay estimator with fixed effects, to analyse ten European countries in a time-span from 1990 until 2014. The paper provides evidence for the substitution effect in solar PV and hydropower, but not in wind power sources. Indeed, the generation approach highlights the necessity for flexible and controllable electricity production from natural gas and hydropower to back up renewable sources. Moreover, the results prove that peaks of electricity have been na obstacle to the accommodation of intermittent renewable sources.
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spelling Have fossil fuels been substituted by renewables? An empirical assessment for 10 European countriesRenewable energyFossil fuel dependencyPeak loadCross-border marketsElectricity consumptionThe electricity mix worldwide has become diversified mainly by exploiting endogenous and green resources. This trend has been spurred on so as to reduce both carbon dioxide emissions and external energy dependency. One would expect the larger penetration of renewable energies to provoke a substitution effect of fossil fuels by renewable sources, in the electricity generation mix. However, this effect is far from evident in the literature. This paper thus contributes to clarifying whether the effect exists and, if so, the characteristics of the effect by source. Three approaches, generation, capacity and demand, were analysed jointly to accomplish the main aim of this study. An autoregressive distributed lag model was estimated using the Driscoll and Kraay estimator with fixed effects, to analyse ten European countries in a time-span from 1990 until 2014. The paper provides evidence for the substitution effect in solar PV and hydropower, but not in wind power sources. Indeed, the generation approach highlights the necessity for flexible and controllable electricity production from natural gas and hydropower to back up renewable sources. Moreover, the results prove that peaks of electricity have been na obstacle to the accommodation of intermittent renewable sources.uBibliorumMarques, António CardosoFuinhas, José AlbertoPereira, Diogo André2019-01-09T16:41:57Z20182018-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.6/6747eng10.1016/j.enpol.2018.02.021metadata only accessinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-12-15T09:45:30Zoai:ubibliorum.ubi.pt:10400.6/6747Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T00:47:23.789828Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Have fossil fuels been substituted by renewables? An empirical assessment for 10 European countries
title Have fossil fuels been substituted by renewables? An empirical assessment for 10 European countries
spellingShingle Have fossil fuels been substituted by renewables? An empirical assessment for 10 European countries
Marques, António Cardoso
Renewable energy
Fossil fuel dependency
Peak load
Cross-border markets
Electricity consumption
title_short Have fossil fuels been substituted by renewables? An empirical assessment for 10 European countries
title_full Have fossil fuels been substituted by renewables? An empirical assessment for 10 European countries
title_fullStr Have fossil fuels been substituted by renewables? An empirical assessment for 10 European countries
title_full_unstemmed Have fossil fuels been substituted by renewables? An empirical assessment for 10 European countries
title_sort Have fossil fuels been substituted by renewables? An empirical assessment for 10 European countries
author Marques, António Cardoso
author_facet Marques, António Cardoso
Fuinhas, José Alberto
Pereira, Diogo André
author_role author
author2 Fuinhas, José Alberto
Pereira, Diogo André
author2_role author
author
dc.contributor.none.fl_str_mv uBibliorum
dc.contributor.author.fl_str_mv Marques, António Cardoso
Fuinhas, José Alberto
Pereira, Diogo André
dc.subject.por.fl_str_mv Renewable energy
Fossil fuel dependency
Peak load
Cross-border markets
Electricity consumption
topic Renewable energy
Fossil fuel dependency
Peak load
Cross-border markets
Electricity consumption
description The electricity mix worldwide has become diversified mainly by exploiting endogenous and green resources. This trend has been spurred on so as to reduce both carbon dioxide emissions and external energy dependency. One would expect the larger penetration of renewable energies to provoke a substitution effect of fossil fuels by renewable sources, in the electricity generation mix. However, this effect is far from evident in the literature. This paper thus contributes to clarifying whether the effect exists and, if so, the characteristics of the effect by source. Three approaches, generation, capacity and demand, were analysed jointly to accomplish the main aim of this study. An autoregressive distributed lag model was estimated using the Driscoll and Kraay estimator with fixed effects, to analyse ten European countries in a time-span from 1990 until 2014. The paper provides evidence for the substitution effect in solar PV and hydropower, but not in wind power sources. Indeed, the generation approach highlights the necessity for flexible and controllable electricity production from natural gas and hydropower to back up renewable sources. Moreover, the results prove that peaks of electricity have been na obstacle to the accommodation of intermittent renewable sources.
publishDate 2018
dc.date.none.fl_str_mv 2018
2018-01-01T00:00:00Z
2019-01-09T16:41:57Z
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dc.relation.none.fl_str_mv 10.1016/j.enpol.2018.02.021
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reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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