| Title | Impacts of green deal policies on the Nordic power market |
|---|---|
| ID_Doc | 62838 |
| Authors | Nagel, NO; Böhringer, C; Rosendahl, KE; Bolkesjo, TF |
| Title | Impacts of green deal policies on the Nordic power market |
| Year | 2023 |
| Published | |
| Abstract | This study analyzes how the Green Deal affects the Nordic electricity and district heat market, considering carbon pricing alone and in combination with policy measures such as a coal phaseout, a renewable target, or an electrification strategy. Our findings show that the Green Deal targets significantly increase CO2 prices and power price variability. The Green Deal has a minor impact on Nordic electricity production, while a switch to increased power-to-heat is observed in the district heating sector. However, if the EU ETS is supplemented with other policies, generation mix, producer revenues, and CO2- and power prices are significantly impacted. |
| https://doi.org/10.1016/j.jup.2022.101475 |
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