Transition Towards Renewable Energy Supply—A System Dynamics Approach

Bo Hu (), Armin Leopold () and Stefan Pickl ()
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Bo Hu: Universität der Bundeswehr Munich
Armin Leopold: Universität der Bundeswehr Munich
Stefan Pickl: Universität der Bundeswehr Munich

A chapter in Green Growth and Sustainable Development, 2013, pp 217-226 from Springer

Abstract: Abstract A System Dynamics model depicts the development of the energy market in an aggregated form and is used to compare different possible pathways of the impeding energy transition. Our preliminary simulations show that a concept presented by the German Advisory Council on Environment (SRU) will only achieve about 31% GHG mitigation in 2025 compared to 1990, despite the high costs due to planned huge storage capacity. A more effective GHG mitigation of about 40% can be achieved at a lower cost by making use of higher wind and photovoltaic capacities in combination with the capability to produce synthetic natural gas (SNG) using excess electricity from wind and solar energy.

Keywords: Electricity Supply; System Dynamics Model; Emission Permit; Renewable Electricity; Excess Electricity (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:dymchp:978-3-642-34354-4_10

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DOI: 10.1007/978-3-642-34354-4_10

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