On the dynamics of competing energy sources
| Autor: | Amos Zemel, Yacov Tsur |
|---|---|
| Rok vydání: | 2011 |
| Předmět: |
Engineering
Operations research business.industry Natural resource economics Fossil fuel fossil and solar energy optimal processes characteristic curves price thresholds environmental regulation. Resource /Energy Economics and Policy Investment (macroeconomics) Solar energy Energy accounting Renewable energy Control and Systems Engineering Energy intensity fossil and solar energy characteristic curves price thresholds environmental regulation Environmental Economics and Policy Research and Development/Tech Change/Emerging Technologies Research Methods/ Statistical Methods Resource /Energy Economics and Policy Energy supply Electrical and Electronic Engineering business Energy source Physics::Atmospheric and Oceanic Physics |
| Zdroj: | Automatica. 47:1357-1365 |
| ISSN: | 0005-1098 |
| DOI: | 10.1016/j.automatica.2011.02.016 |
| Popis: | We characterize the dynamics of energy markets in which energy is derived from polluting (fossil) and clean (solar) resources. The analysis is based on geometric optimal control considerations. An important feature of solar energy technologies is that their cost of supply is predominantly due to upfront investment in capital infrastructure (rather than to actual supply rate) and this feature has important implications for the market allocation outcome. In particular, it gives rise to a threshold behavior in that solar energy is adopted only when the price of fossil energy exceeds a certain threshold. Under this condition solar technologies will (eventually) dominate energy supply by driving fossil energy altogether out of the energy sector. A tax on fossil energy can have a substantial impact since it changes the threshold price. A quantity restriction (e.g., a cap on fossil energy) allows for the coexistence of clean and polluting energy technologies also in the long run, and its effect on the use of fossil energy is more moderate. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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