India’s potential for integrating solar and on- and offshore wind power into its energy system
Tianguang Lu,
Peter Sherman,
Xinyu Chen (),
Shi Chen,
Xi Lu and
Michael McElroy ()
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Tianguang Lu: Shandong University
Peter Sherman: Harvard University
Xinyu Chen: Huazhong University of Science and Technology
Shi Chen: Tsinghua University
Xi Lu: Tsinghua University
Michael McElroy: Harvard University
Nature Communications, 2020, vol. 11, issue 1, 1-10
Abstract:
Abstract This paper considers options for a future Indian power economy in which renewables, wind and solar, could meet 80% of anticipated 2040 power demand supplanting the country’s current reliance on coal. Using a cost optimization model, here we show that renewables could provide a source of power cheaper or at least competitive with what could be supplied using fossil-based alternatives. The ancillary advantage would be a significant reduction in India’s future power sector related emissions of CO2. Using a model in which prices for wind turbines and solar PV systems are assumed to continue their current decreasing trend, we conclude that an investment in renewables at a level consistent with meeting 80% of projected 2040 power demand could result in a reduction of 85% in emissions of CO2 relative to what might be expected if the power sector were to continue its current coal dominated trajectory.
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:nat:natcom:v:11:y:2020:i:1:d:10.1038_s41467-020-18318-7
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DOI: 10.1038/s41467-020-18318-7
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