Artikel
Modeling the low-carbon transition of the European energy system - A quantitative assessment of the stranded assets problem
In this paper, multiple pathways for the European energy system until 2050 are computed, focusing on one of the major challenges of the low-carbon transition: the issue of unused capacities and stranded assets. Three different scenarios are analyzed, utilizing the Global Energy System Model (GENeSYS-MOD) for calculations. A major feature is the introduction of limited foresight and imperfect planning to the multi-sectoral approach of the model. A swift transition towards renewable energy sources is needed in order to ensure the goal of staying below 2 °C is maintained. This leads to the underutilization of current fossil-fueled plant capacities, an effect compounded by the prioritization of short-term goals over long-term targets. In the worst case, capacities with a combined value of up to 200 billion € corresponding to 260 GW total capacity may end up stranded by 2035, with significant shares in the coal and gas sectors. Contrary, in the baseline scenario featuring perfect foresight, this amount can by reduced by as much as 75%. Thus, the need for strong, clear signals from policy makers arises in order to combat the threat of short-sighted planning and investment losses.
- Language
-
Englisch
- Bibliographic citation
-
Journal: Energy Strategy Reviews ; ISSN: 2211-467X ; Volume: 26 ; Year: 2019 ; Pages: 1-15 ; Amsterdam: Elsevier
- Classification
-
Wirtschaft
- Subject
-
Decarbonization
Energy policy
Energy system modeling
Energy transition
GENeSYS-MOD
Renewables
Stranded assets
- Event
-
Geistige Schöpfung
- (who)
-
Löffler, Konstantin
Burandt, Thorsten
Hainsch, Karlo
Oei, Pao-Yu
- Event
-
Veröffentlichung
- (who)
-
Elsevier
- (where)
-
Amsterdam
- (when)
-
2019
- DOI
-
doi:10.1016/j.esr.2019.100422
- Handle
- Last update
-
10.03.2025, 11:46 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Löffler, Konstantin
- Burandt, Thorsten
- Hainsch, Karlo
- Oei, Pao-Yu
- Elsevier
Time of origin
- 2019
Other Objects (12)
Modeling the low-carbon transition of the European energy system - A quantitative assessment of the stranded assets problem
Modeling the low-carbon transition of the European energy system - A quantitative assessment of the stranded assets problem
Die Irrungen und Wirrungen der deutschen Klimapolitik: Keine Kohle für die Kohle
Prospects for steam coal exporters in the era of climate policies: a case study of Colombia
The political economy of coal in Poland: Drivers and barriers for a shift away from fossil fuels
The political economy of coal in Poland: Drivers and barriers for a shift away from fossil fuels
The political economy of coal in Poland : Drivers and barriers for a shift away from fossil fuels
Quantifying effects of the global low-carbon transition : model-based analyses of upcoming challenges and opportunities
The impact of policy measures on future power generation portfolio and infrastructure : A combined electricity and CCTS investment and dispatch model (ELCO)
The impact of policy measures on future power generation portfolio and infrastructure: A combined electricity and CCTS investment and dispatch model (ELCO)
The death valley of coal – Modelling COVID-19 recovery scenarios for steam coal markets
European Scenarios of CO2 Infrastructure Investment until 2050
Modeling the low-carbon transition of the European energy system - A quantitative assessment of the stranded assets problem
Modeling the low-carbon transition of the European energy system - A quantitative assessment of the stranded assets problem
Die Irrungen und Wirrungen der deutschen Klimapolitik: Keine Kohle für die Kohle
Prospects for steam coal exporters in the era of climate policies: a case study of Colombia
The political economy of coal in Poland: Drivers and barriers for a shift away from fossil fuels
The political economy of coal in Poland: Drivers and barriers for a shift away from fossil fuels
The political economy of coal in Poland : Drivers and barriers for a shift away from fossil fuels
Quantifying effects of the global low-carbon transition : model-based analyses of upcoming challenges and opportunities
The impact of policy measures on future power generation portfolio and infrastructure : A combined electricity and CCTS investment and dispatch model (ELCO)
The impact of policy measures on future power generation portfolio and infrastructure: A combined electricity and CCTS investment and dispatch model (ELCO)
The death valley of coal – Modelling COVID-19 recovery scenarios for steam coal markets
European Scenarios of CO2 Infrastructure Investment until 2050
Modeling the low-carbon transition of the European energy system - A quantitative assessment of the stranded assets problem
Modeling the low-carbon transition of the European energy system - A quantitative assessment of the stranded assets problem
Die Irrungen und Wirrungen der deutschen Klimapolitik: Keine Kohle für die Kohle
Prospects for steam coal exporters in the era of climate policies: a case study of Colombia
The political economy of coal in Poland: Drivers and barriers for a shift away from fossil fuels
The political economy of coal in Poland: Drivers and barriers for a shift away from fossil fuels
The political economy of coal in Poland : Drivers and barriers for a shift away from fossil fuels
Quantifying effects of the global low-carbon transition : model-based analyses of upcoming challenges and opportunities
The impact of policy measures on future power generation portfolio and infrastructure : A combined electricity and CCTS investment and dispatch model (ELCO)
The impact of policy measures on future power generation portfolio and infrastructure: A combined electricity and CCTS investment and dispatch model (ELCO)
The death valley of coal – Modelling COVID-19 recovery scenarios for steam coal markets