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Title:
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Cost effects of international trade in meeting EU renewable electricity targets
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Author(s):
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Published by:
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Publication date:
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ECN
Policy Studies
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1-12-2005
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ECN report number:
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Document type:
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ECN-RX--05-158
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Article (scientific)
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Number of pages:
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0
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Published in: Energy Policy (Elsevier), , 2006, Vol.34, p.352-364.
Abstract:
The European market for renewable electricity received a major stimulus
from the adoption of the Directive on the Promotion of Renewable Electricity.
The Directive specifies the indicative targets for electricity supply
from renewable energy sources (RES-E) to be reached in European Union
(EU) Member States in the year 2010. It also requires Member States
to certify the origin of their renewable electricity production. This
article presents a first EU-wide quantitative evaluation of the effects
of meeting the targets, using an EU-wide system for tradable green certificates
(TGC). We calculate the equilibrium price of green certificates and
identify which countries are likely to export or import certificates.
Cost advantages of participating in such an EU-wide trading scheme are
determined for each of the Member States. Moreover, we identify which
choice of technologies results in meeting targets at least costs. Results
are obtained from a model that quantifies the effects of achieving the
RES-E targets in the EU with and without trade. The article provides
a brief insight in this model a
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