| 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 |
|
| DOI |
10.1016/j.jup.2022.101475 |
| 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. |
| Author Keywords |
European green deal; Energy system model; Nordic electricity market; Climate policy; EU ETS |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Science Citation Index Expanded (SCI-EXPANDED); Social Science Citation Index (SSCI) |
| EID |
WOS:000912508500001 |
| WoS Category |
Energy & Fuels; Environmental Sciences; Environmental Studies |
| Research Area |
Energy & Fuels; Environmental Sciences & Ecology |
| PDF |
https://doi.org/10.1016/j.jup.2022.101475
|