Modelling Energy Transition in Germany: An Analysis through Ordinary Differential Equations and System Dynamics

Autor:	Andrea Savio, Luigi De Giovanni, Mariangela Guidolin
Jazyk:	angličtina
Rok vydání:	2022
Předmět:	energy transition multivariate diffusion model system dynamics simulation renewable energy decarbonization Science (General) Q1-390 Mathematics QA1-939
Zdroj:	Forecasting, Vol 4, Iss 2, Pp 438-455 (2022)
Druh dokumentu:	article
ISSN:	2571-9394
DOI:	10.3390/forecast4020025
Popis:	This paper proposes the application of a multivariate diffusion model, based on ordinary differential equations, to investigate the energy transition in Germany. Specifically, the model is able to analyze the dynamic interdependencies between coal, gas and renewables in the energy market. A system dynamics representation of the model is also performed, allowing a deeper understanding of the system and the set-up of suitable strategic interventions through a simulation exercise. Such simulation provides a useful indication of how renewable energy consumption may be stimulated as a result of well-specified policies.
Databáze:	Directory of Open Access Journals
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