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Article
Energy & Fuels
Spyros Giannelos et al.
Summary: The building sector contributes 40% of global energy-related carbon dioxide emissions. To achieve decarbonization goals, significant resources have been invested in developing technologies like active buildings. This study proposes a machine learning approach, including linear regression, ARIMA, and shallow and deep neural networks, to forecast CO2 emissions until 2050. Forecasts are generated for various regions worldwide, and algorithmic performance is evaluated using sensitivity analysis and diverse metrics.
Article
Economics
Alessandro Antimiani et al.
Summary: The complexity of the EU carbon neutrality policy is addressed by evaluating the impacts of the interaction among different policy instruments. An energy-economic dynamic CGE model based on GTAP utilities is developed for simulating different policy scenarios starting from a business as usual case where the economic impacts related to the COVID-19 pandemic and recovery measures are included. The instruments tested as part of the EU climate strategy are the removal of fossil-fuel consumption subsidies, a carbon pricing mechanism and the public support to clean energy technologies. The modelling approach is based on a revenue recycling mechanism to finance clean energy technologies. We find that the simultaneous implementation of all instruments under the EU climate strategy including the removal of subsidies to fossil fuels and the reuse of revenues to foster the technological transition of the energy system is a win-win solution for a sustainable and decarbonised EU economy.
Article
Green & Sustainable Science & Technology
Lucas Sens et al.
Summary: This paper utilizes the experience curve theory to project the capital expenditures (CAPEX) and levelized cost of electricity (LCOE) for photovoltaic plants, onshore and offshore wind turbines. The results show significant reductions in LCOE for these renewable energy sources compared to fossil fuel power plants.
Article
Green & Sustainable Science & Technology
T. A. Hansen
Summary: Governments have not taken sufficient action to address the climate crisis. This paper examines the resistance from the fossil fuel industry as a key constraint on global efforts to combat climate change. The study finds that the industry is likely to suffer significant economic losses, including stranded assets and reduced profits, as a result of climate stabilization. The devaluation of fossil fuel reserves is estimated to amount to $13-$17 trillion, providing a strong incentive for producers to resist climate stabilization. Strategic demand reduction of fossil fuels is identified as a crucial strategy for overcoming industry resistance.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2022)
Article
Environmental Studies
Yang Yu et al.
Summary: This study examines the time-frequency dynamics of spillovers between oil price shocks and economic performance globally, particularly during the global financial crises and the COVID-19 outbreak. The study reveals a strong interconnectedness between oil prices and economic activities during crises, with the highest total connectedness observed during the COVID-19 outbreak. The results have significant implications for policymakers in understanding the impact of oil price shocks on economic activities.
Article
Computer Science, Artificial Intelligence
Song Ding et al.
Summary: Renewable energy generation (REG) has been developed to address environmental contamination and energy shortage. However, the volatility of REG may threaten grid stability. To accurately predict monthly REG, a data-driven STL-LSTM framework is proposed, which shows superior prediction performance and adaptability.
EXPERT SYSTEMS WITH APPLICATIONS
(2022)
Article
Gunther Glenk et al.
Schmalenbachs Zeitschrift fur Betriebswirtschaftliche Forschung
(2021)
Article
Energy & Fuels
Spyros Giannelos et al.
Summary: Considerable investment may be needed in India's electricity system to accommodate the expected increase in renewables capacity and growing electricity demand. Uncertainty surrounding these aspects could lead to stranded investments and underutilized network assets, making investment decision making challenging for network planners. Deploying energy storage at scale could provide economic benefits and enhance the integration of wind and solar in India's system.
Article
Green & Sustainable Science & Technology
Yue Yao et al.
Summary: Renewable energy has become a more economic source of electricity globally, with capacity factors, installed costs, and learning effects being key drivers of cost reduction. Wind and solar costs are decreasing rapidly, while geothermal, hydropower, and bioenergy costs are more heavily influenced by site-specific characteristics and natural resource diversity.
JOURNAL OF CLEANER PRODUCTION
(2021)
Article
Energy & Fuels
Mengzhu Xiao et al.
Summary: In this article, cost assumptions for solar and wind technologies in global, regional, and national energy scenario studies were systematically compared with actual costs and recent market auction prices. It was found that future energy scenario analyses tend to underestimate the rapid cost declines of renewable technologies, leading to an underestimation of their future role and deployment levels. The recommendation was made to establish an open database for renewable technology costs to enhance the accuracy and transparency of future energy scenarios.
ENERGY STRATEGY REVIEWS
(2021)
Article
Energy & Fuels
Ryan Wiser et al.
Summary: Researchers conducted a survey on wind energy costs, projecting a substantial decrease in costs by 2050. Experts expect onshore and offshore wind costs to decline by 37-49% by 2050, resulting in costs 50% lower than predicted in 2015. This prediction is based on recent cost reductions and expected advancements in the future.
Review
Green & Sustainable Science & Technology
Carsten Croonenbroeck et al.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2019)
Editorial Material
Multidisciplinary Sciences
Nancy M. Haegel et al.
Article
Energy & Fuels
Jungwoo Lee et al.
ENERGY STRATEGY REVIEWS
(2018)
Article
Energy & Fuels
O. Schmidt et al.
Article
Management
J. Doyne Farmer et al.
Article
Economics
Grzegorz Dudek
INTERNATIONAL JOURNAL OF FORECASTING
(2016)
Review
Economics
Edward S. Rubin et al.
Article
Multidisciplinary Sciences
Bela Nagy et al.
Review
Green & Sustainable Science & Technology
Govinda R. Timilsina et al.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2012)
Article
Regional & Urban Planning
Tugrul Daim et al.
Article
Engineering, Multidisciplinary
A McDonald et al.
INTERNATIONAL JOURNAL OF TECHNOLOGY MANAGEMENT
(2002)
