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356 records from EconBiz based on author Name
1. Watts next : securing Europe's energy and competitiveness where the EU's energy policy should go now
abstractRussia’s invasion of Ukraine was a wake-up call for Europe regarding its unhealthy levels of dependence on the energy and metals fronts, and the associated threats this posed to its competitiveness. Meanwhile, the need to decarbonize the economy has become ever more pressing. Soon after the invasion, a raft of measures were adopted, some useful, some less so. This Policy Brief examines the lessons learned and, most importantly, looks ahead. EU policy reactions focused primarily on reducing the impact on the economy, balancing energy supply and demand, and diversifying its energy sources. Less attention was paid to reducing energy demand, cutting red tape and improving monitoring tools to assess policy effectiveness. What is now needed is further integration of European electricity markets and gas networks, a fundamental redesign of power grids to make them suitable for renewable electricity sources, timely planning for the decommissioning or repurposing of gas grids, beefing up the capacity to anticipate crises through the creation of a foresight office, and improving communication to facilitate understanding and acceptance of policy measures. Equally, better policy coordination is needed to instil a more pan-European approach instead of today’s more nationalist patchwork, as well as to weed out harmful incentives and to introduce Europe-wide standardized products and trading platforms for long-term markets. Finally, a stronger push for a more circular economy could help not only on the environmental or climate fronts, but also to ease dependence on limited sources of metals critical to the green transition.
Gonand, Frédéric; Linares, Pedro; Löschel, Andreas; Newbery, David M. G.; Pittel, Karen; Saavedra, Julio; Zachmann, Georg;2024
Type: Graue Literatur; Non-commercial literature;
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Link Link 2. Key ost-crisis challenges and lessons for EU energy policy
abstractOnly by decarbonizing its economy and reducing energy and raw-material dependencies can the EU safeguard its competitiveness in the global markets. Postponing policies to decarbonize the energy system will increase long-run welfare losses. Decarbonization offers great potential for improving energy security, if pursued systematically. EU energy policy must be better coordinated and provide long-run price signals. To strengthen resilience, systematic risk assessments and improved data infrastructure are essential.
Gonand, Frédéric; Linares, Pedro; Löschel, Andreas; Newbery, David M. G.; Pittel, Karen; Saavedra, Julio; Zachmann, Georg;2024
Type: Aufsatz in Zeitschrift; Article in journal;
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Link Link 3. Non-firm vs priority access : o the long run average and marginal costs of renewables in Australia
Simshauser, Paul; Newbery, David M. G.;2024
Type: Aufsatz in Zeitschrift; Article in journal;
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Link 4. Electricity market design : views from European economists
Ambec, Stefan; Banal-Estañol, Albert; Cantillon, Estelle; Crampes, Claude; Creti, Anna; Decarolis, Francesco; Fabra, Natalia; Gerlagh, Reyer; Kneuhoff, Karsten; Landais, Camille; Liski, Matti; Llobet, Gerard; Newbery, David M. G.; Polo, Michele; Reguant, Mar; Schwenen, Sebastian; Vehviläinen, Iivo;2023
Type: Aufsatzsammlung; Beiträge
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Link 5. High Renewable Electricity Penetration : Marginal Curtailment and Market Failure Under “Subsidy-Free” Entry
abstractAmbitious plans to decarbonise electricity will require high levels of variable renewable electricity (VRE). At high VRE penetration, the surplus that cannot be exported must be curtailed. Marginal curtailment is 3-4+ times average curtailment for wind, higher for solar PV, but even in efficiently designed markets, price signals for VRE investment are given by average not marginal curtailment, creating a “tragedy of the commons” that requires a corrective charge to restore efficiency. The paper sets out an analytical model calibrated to Ireland in 2026, showing the source of this distortion. It shows that the globally efficient learning subsidy roughly offsets the corrective charge needed to deliver the efficient level of renewables penetration caused by its lack of inertia, and estimates their magnitude
Newbery, David M. G.;2023
Availability: Link Link
6. Estimating the target-consistent carbon price for electricity
Newbery, David M. G.;2025
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link
7. Designing efficient renewable electricity support schemes
Newbery, David M. G.;2021
Type: Graue Literatur; Non-commercial literature;
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Link 8. Wind, water and wires: evaluating joint wind and interconnector capacity expansions in hydro-rich regions
Newbery, David M. G.;2022
Type: Graue Literatur; Non-commercial literature;
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Link 9. Wind, Water and Wires : Evaluating Joint Wind and Interconnector Capacity Expansions in Hydro-Rich Regions
abstractCountries or regions with a high share of storage hydro and good renewables resources may be able to interconnect to less well-endowed neighbours. To maximise joint benefits, coordinating interconnector and renewables investment is desirable. Suitable long-term contracts ensure that beneficiaries pay and jointly cover the highly dispersed costs and benefits. The article develops a simple model calibrated for Tasmania that demonstrates how this can be quantified and various counterfactuals tested. The key to the simplification is that the value of water is both stable over time and the key driver of outcomes. The economic attraction of proposed wind and interconnector investment depends sensitively on the value placed on CO 2 reductions
Newbery, David M. G.;2022
Availability: Link Link
10. Watts next: Securing Europe's energy and competitiveness where the EU's energy policy should go now
Gonand, Frédéric; Linares, Pedro; Löschel, Andreas; Newbery, David M. G.; Pittel, Karen; Saavedra, Julio; Zachmann, Georg;2024
Type: Research Report;
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