Resilience to Climate Impacts and Spatial Propagation in the Power Industry

Rita De Siano (), Valerio Leone Sciabolazza and Alessandro Sapio
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Rita De Siano: Parthenope University of Naples
Alessandro Sapio: Parthenope University of Naples

Chapter Chapter 6 in Regional Resilience to Climate and Environmental Shocks, 2020, pp 89-109 from Springer

Abstract: Abstract This chapter reviews applications of spatial econometrics that are relevant for understanding the resilience of the electricity industry to climate-related impacts. Two domains of spatial econometric applications are considered, namely, wholesale power demand and the residential uptake of photovoltaic panels. The results so far published on power demand are interpreted in light of a novel theoretical framework, wherein the resistance of the electricity market is parametrized on the spatial correlation coefficient. The literature review on photovoltaic panel adoption is preceded by the illustration of the theoretical insights behind the role of space in technology diffusion. Implications for the resilience of the industry to shocks are drawn.

Keywords: Resilience; Resistance; Power market; Spatial econometrics; Electricity demand; Technology adoption; Photovoltaic panels (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sbrchp:978-3-030-54588-8_6

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DOI: 10.1007/978-3-030-54588-8_6

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