Have fossil fuels been substituted by renewables? An empirical assessment for 10 European countries
Autor(a) principal: | |
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Data de Publicação: | 2018 |
Outros Autores: | , |
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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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 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.6/6747 |
url |
http://hdl.handle.net/10400.6/6747 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
10.1016/j.enpol.2018.02.021 |
dc.rights.driver.fl_str_mv |
metadata only access info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
metadata only access |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799136369110417408 |