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Analyzing Major Challenges Of Wind And Solar Variability In Power Systems, Falko Ueckerdt, Robert Brecha, Gunnar Luderer
Analyzing Major Challenges Of Wind And Solar Variability In Power Systems, Falko Ueckerdt, Robert Brecha, Gunnar Luderer
Physics Faculty Publications
Ambitious policy targets together with current and projected high growth rates indicate that future power systems will likely show substantially increased generation from renewable energy sources. A large share will come from the variable renewable energy (VRE) sources wind and solar photovoltaics (PV); however, integrating wind and solar causes challenges for existing power systems. In this paper we analyze three major integration challenges related to the structural matching of demand with the supply of wind and solar power: low capacity credit, reduced utilization of dispatchable plants, and over-produced generation. Based on residual load duration curves we define corresponding challenge variables …
Global Fossil Energy Markets And Climate Change Mitigation: An Analysis With Remind, Nico Bauer, Ioanna Mouratiadou, Gunnar Luderer, Lavinia Baumstark, Robert J. Brecha, Ottmar Edenhofer, Elmar Kriegler
Global Fossil Energy Markets And Climate Change Mitigation: An Analysis With Remind, Nico Bauer, Ioanna Mouratiadou, Gunnar Luderer, Lavinia Baumstark, Robert J. Brecha, Ottmar Edenhofer, Elmar Kriegler
Physics Faculty Publications
We analyze the dynamics of global fossil resource markets under different assumptions for the supply of fossil fuel resources, development pathways for energy demand, and climate policy settings. Resource markets, in particular the oil market, are characterized by a large discrepancy between costs of resource extraction and commodity prices on international markets. We explain this observation in terms of (a) the intertemporal scarcity rent, (b) regional price differentials arising from trade and transport costs, (c) heterogeneity and inertia in the extraction sector. These effects are captured by the REMIND model. We use the model to explore economic effects of changes …
The Carbon Rent Economics Of Climate Policy, Matthias Kalkuhl, Robert J. Brecha
The Carbon Rent Economics Of Climate Policy, Matthias Kalkuhl, Robert J. Brecha
Physics Faculty Publications
By reducing the demand for fossil fuels, climate policy can reduce scarcity rents for fossil resource owners. As mitigation policies ultimately aim to limit emissions, a new scarcity for “space” in the atmosphere to deposit emissions is created. The associated scarcity rent, or climate rent (that is, for example, directly visible in permit prices under an emission trading scheme) can be higher or lower than the original fossil resource rent. In this paper, we analyze analytically and numerically the impact of mitigation targets, resource availability, backstop costs, discount rates and demand parameters on fossil resource rents and the climate rent. …
Logistic Curves, Extraction Costs And Peak Oil, Robert J. Brecha
Logistic Curves, Extraction Costs And Peak Oil, Robert J. Brecha
Physics Faculty Publications
Debates about the possibility of a near-term maximum in world oil production have become increasingly prominent over the past decade, with the focus often being on the quantification of geologically available and technologically recoverable amounts of oil in the ground. Economically, the important parameter is not a physical limit to resources in the ground, but whether market price signals and costs of extraction will indicate the efficiency of extracting conventional or nonconventional resources as opposed to making substitutions over time for other fuels and technologies. We present a hybrid approach to the peak-oil question with two models in which the …
Variable Renewable Energy In Modeling Climate Change Mitigation Scenarios, Falko Ueckerdt, Robert J. Brecha, Gunnar Luderer, Patrick Sullivan, Eva Schmid, Nico Bauer, Diana Böttger
Variable Renewable Energy In Modeling Climate Change Mitigation Scenarios, Falko Ueckerdt, Robert J. Brecha, Gunnar Luderer, Patrick Sullivan, Eva Schmid, Nico Bauer, Diana Böttger
Physics Faculty Publications
This paper addresses the issue of how to account for short‐term temporal variability of renewable energy sources and power demand in long‐term climate change mitigation scenarios in energy‐economic models. An approach that captures in a stylized way the major challenges to the integration of variable renewable energy sources into power systems has been developed. As a first application this approach has been introduced to REMIND‐D, a hybrid energy‐economy model of Germany. An approximation of the residual load duration curve is implemented. The approximating function endogenously changes depending on the penetration and mix of variable renewable power. The approach can thus …
Prioritizing Investment In Residential Energy Efficiency And Renewable Energy: A Case Study For The U.S. Midwest, Robert J. Brecha, Austin Mitchell, Kevin P. Hallinan, J. Kelly Kissock
Prioritizing Investment In Residential Energy Efficiency And Renewable Energy: A Case Study For The U.S. Midwest, Robert J. Brecha, Austin Mitchell, Kevin P. Hallinan, J. Kelly Kissock
Physics Faculty Publications
Residential building energy use is an important contributor to greenhouse gas emissions and in the United States represents about 20% of total energy consumption. A number of previous macro-scale studies of residential energy consumption and energy-efficiency improvements are mainly concerned with national or international aggregate potential savings. In this paper we look into the details of how a collection of specific homes in one region might reduce energy consumption and carbon emissions, with particular attention given to some practical limits to what can be achieved by upgrading the existing residential building stock. Using a simple model of residential, single-family home …