Renewable electricity generation target setting in developing countries: Modeling, policy, and analysis
| Autor: | Anthony Afful-Dadzie, Bright Ansah Owusu, Nii Asafoatse Abbey, Iddrisu Awudu, Eric Afful-Dadzie |
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| Rok vydání: | 2020 |
| Předmět: |
Mains electricity
Cost–benefit analysis Renewable Energy Sustainability and the Environment business.industry Geography Planning and Development 0211 other engineering and technologies Developing country 02 engineering and technology 010501 environmental sciences Management Monitoring Policy and Law Environmental economics Investment (macroeconomics) 01 natural sciences Renewable energy Electricity generation Target setting 021108 energy business Cost of electricity by source 0105 earth and related environmental sciences |
| Zdroj: | Energy for Sustainable Development. 59:83-96 |
| ISSN: | 0973-0826 |
| Popis: | Many countries have set renewable energy targets in their electricity supply mix to encourage investments in renewable energy technologies. In developing countries, however, many of such targets are either abandoned or fall far short of the target date, primarily due to issues of financing, cost of electricity, and level of unmet demand. This paper presents a Generation Expansion Planning model that can be used to assess such issues when setting a renewable electricity generation target. In particular, the model can be used by developing countries to set renewable electricity generation targets that are in line with their financial ability and thus, stand a higher chance of being achieved. Additionally, the analysis offered can inform developing countries of the cost and benefits of a renewable electricity generation target policy. The usefulness of the model is demonstrated using Ghana as a case. The results indicate that Ghana will need a budget of not less than 1% of its GDP for generation capacity investment if it desires to achieve its 10% renewable electricity generation target by 2030 while keeping unmet demand at reasonable levels. If Ghana however enforces the target at its current capacity investment levels, it risks raising unmet demand levels by an average of 4% per year and cost of electricity provision by about US$224 million annually between 2019 and 2030 when compared to the absence of a renewable electricity generation target. |
| Databáze: | OpenAIRE |
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