Arbeitspapier
Substituting clean for dirty energy: A bottom-up analysis
We fit CES and VES production functions to data from a numerical bottom-up optimization model of electricity supply with clean and dirty inputs. This approach allows for studying high shares of clean energy not observable today and for isolating mechanisms that impact the elasticity of substitution between clean and dirty energy. Central results show that (i) dirty inputs are not essential for production. As long as some energy storage is available, the elasticity of substitution between clean and dirty inputs is above unity; (ii) no single clean technology is indispensable, but a balanced mix facilitates substitution; (iii) substitution is harder for higher shares of clean energy. Finally, we demonstrate how changing availability of generation and storage technologies can be implemented in macroeconomic models.
- Sprache
-
Englisch
- Erschienen in
-
Series: DIW Discussion Papers ; No. 1885
- Klassifikation
-
Wirtschaft
Environment and Growth
Alternative Energy Sources
Energy and the Macroeconomy
Environmental Economics: Technological Innovation
- Thema
-
elasticity of substitution
clean and dirty energy
electricity production
decarbonization
green growth
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Stöckl, Fabian
Zerrahn, Alexander
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsches Institut für Wirtschaftsforschung (DIW)
- (wo)
-
Berlin
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Stöckl, Fabian
- Zerrahn, Alexander
- Deutsches Institut für Wirtschaftsforschung (DIW)
Entstanden
- 2020
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