Europe’s Energy Transition - 1st Edition - ISBN: 9780128098066, 9780128099032

Europe’s Energy Transition

1st Edition

Insights for Policy Making

Authors: Manuel Welsch
eBook ISBN: 9780128099032
Paperback ISBN: 9780128098066
Imprint: Academic Press
Published Date: 19th April 2017
Page Count: 354
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Description

Europe’s Energy Transition: Insights for Policy Making looks at the availability and cost of accessing energy and how it significantly affects economic growth and competitiveness in global markets.

The results in this book, from a European Commission (EC) financed project by INSIGHT_E, provide an overview of the most recent analyses, focusing on energy markets and their implications for society. Designed to inform European policymaking, elements of this book will be integrated into upcoming EC policies, giving readers invaluable insights into the cost and availability of energy, the effect of price increases affecting vulnerable consumer groups, and current topics of interest to the EC and ongoing energy debate.

INSIGHT_E provides decision-makers with unbiased policy advice and insights on the latest developments, including an assessment of their potential impact.

Key Features

  • Presents answers to strategic questions posed by the European Commission
  • Coherently assesses the energy transition, from policies to energy supply, markets, system requirements, and consumer needs
  • Informed the EC "Clean Energy for All Europeans" package from end of 2016, e.g., regarding aspects of energy poverty
  • Endorsed by thought leaders from within and outside of Europe, including utilities, energy agencies, research institutes, journal editors, think tanks, and the European Commission

Readership

Energy engineers, transmission system operators, industry manufacturers, research Institutes, energy agencies, regulators, Institutions of the European Union

Table of Contents

Section I: Introduction

Chapter 1. Europe’s Energy Transition

  • Abstract
  • Electricity Generation
  • Heating and Cooling
  • Transport

Chapter 2. Insights for Policy Making—About this Book

  • Abstract
  • 2.1 In Close Dialogue With the European Commission
  • 2.2 Audience of this Book
  • 2.3 Outline of this Book

Chapter 3. INSIGHT_E—A Think Tank Informing the European Commission

  • Abstract
  • 3.1 The Need for Multidisciplinary Energy Policy Advice
  • 3.2 Delivering Policy Advice—The Outputs of INSIGHT_E
  • 3.3 The INSIGHT_E Observatory of the Energy Transition
  • 3.4 Background on INSIGHT_E

Section II: Europe’s Energy Policy Landscape

Chapter 4. Introduction: Europe as a Consuming Region

  • Abstract

Chapter 5. The European Union on the Global Scene—A Snapshot

  • Abstract
  • 5.1 Primary Energy Sources and Interactions With Global Markets
  • 5.2 Energy Dependency—A Key Concern
  • 5.3 Diversified Electricity Generation Compared to Other Regions
  • 5.4 Final Energy Consumption in the European Union

Chapter 6. European Energy Policy Objectives

  • Abstract
  • 6.1 Reforming European Energy Markets and Coordination
  • 6.2 Energy Policy Goals to 2020 and 2050
  • 6.3 Conclusion: Europe in Need of Further Reform
  • References

Chapter 7. A Market-Based European Energy Policy

  • Abstract
  • 7.1 Towards an Internal Energy Market
  • 7.2 Level of Progress in Market Integration
  • 7.3 The Role of Electricity Capacity Remuneration Schemes in European Energy Policy
  • 7.4 The EU Emission Trading Scheme—Steering Investments in Low-Carbon Technologies
  • 7.5 Energy Prices in Europe
  • References

Chapter 8. Conclusions

  • Abstract

Section III: Energy Supply: A Changing Environment

Chapter 9. Introduction

  • Abstract

Chapter 10. Decarbonizing the EU Energy System

  • Abstract
  • 10.1 Introduction
  • 10.2 Carbon Budget and Unburnable Carbon
  • 10.3 Unburnable Fossil Fuel Reserves
  • 10.4 Implications for EU Member States
  • 10.5 Implications for European Energy Industries and Financial Markets
  • 10.6 Is Carbon Pricing Contributing to Staying Within our Carbon Budget?
  • 10.7 What Could Carbon Pricing Achieve in the Future?
  • 10.8 What Have Other Policy Instruments Achieved?
  • 10.9 What Could Other Policy Instruments Achieve in the Future?
  • 10.10 The Need for a Broad Policy Mix
  • References

Chapter 11. Gas Security of Supply in the European Union

  • Abstract
  • 11.1 Introduction
  • 11.2 The EU’s Gas Infrastructure
  • 11.3 The External Dimension of the EU’s Approach
  • 11.4 Shale Gas Prospects for Europe
  • 11.5 Costs, Resources, and Technologies Required for the Exploitation of Shale Gas
  • 11.6 Assessment of the Environmental Risks of Shale Gas Extraction and Transportation
  • 11.7 Ensuring Europe’s Security of Gas Supply in the Future
  • References

Chapter 12. Biofuels for Aviation: Policy Goals and Costs

  • Abstract
  • 12.1 Introduction
  • 12.2 European Policy Context
  • 12.3 Ambition to 2050
  • 12.4 Long-Term Passenger Forecasts
  • 12.5 Technical Improvements
  • 12.6 Air Traffic Management
  • 12.7 Cost of Biojet Fuels
  • 12.8 Feedstocks
  • 12.9 Scenario Analysis
  • 12.10 Conclusion
  • References

Chapter 13. Conclusions and Outlook

  • Abstract

Section IV: Impact of Renewable Energies on Market Operation and Design

Chapter 14. Introduction

  • Abstract
  • References

Chapter 15. Curtailment: An Option for Cost-Efficient Integration of Variable Renewable Generation?

  • Abstract
  • 15.1 Introduction
  • 15.2 Status Quo in Selected Member States
  • 15.3 Future Prospects
  • References

Chapter 16. Impact on Electricity Markets: Merit Order Effect of Renewable Energies

  • Abstract
  • 16.1 Introduction
  • 16.2 Review of Ex Post Analyses of the Merit Order Effect
  • 16.3 Ex Ante Analysis of Merit Order Effect—Methodology
  • 16.4 Comments and Discussions
  • References

Chapter 17. Market Design Options for Promoting Low-Carbon Technologies

  • Abstract
  • 17.1 Introduction
  • 17.2 Is There a “Missing-Money-Problem” for Low-Carbon Technologies?
  • 17.3 Possible Market Designs
  • 17.4 Assessment of the Market Designs Presented
  • 17.5 Final Remarks
  • References

Chapter 18. Case Study: Design Options for the German Electricity Market

  • Abstract
  • 18.1 Introduction
  • 18.2 Modeling Design Options for the German Electricity Market
  • 18.3 Main Results of the Market Design Analysis
  • 18.4 Policy Recommendations
  • References

Chapter 19. Conclusions and Outlook

  • Abstract

Section V: Reliable and Flexible Energy Systems

Chapter 20. Introduction

  • Abstract
  • References

Chapter 21. Need for Flexibility and Potential Solutions

  • Abstract
  • 21.1 Traditional Energy System Requirements: A Focus on Times Before Market Liberalization
  • 21.2 Increasing Penetration of Variable Renewables in the EU
  • 21.3 Technology Options to Provide Flexibility
  • 21.4 Case Studies
  • 21.5 Future Need for Flexibility
  • 21.6 Concluding Thoughts
  • References

Chapter 22. Storage Solutions and Their Value

  • Abstract
  • 22.1 Generation
  • 22.2 Storage Solutions
  • 22.3 Pumped Hydro Storage
  • 22.4 Other Storage Technologies
  • 22.5 Value of Storage
  • 22.6 Facilitating Storage Deployment
  • 22.7 Main Challenges Ahead
  • References

Chapter 23. The Role of Fuel Cells and Hydrogen in Stationary Applications

  • Abstract
  • 23.1 FCH Technologies and Pathways
  • 23.2 Merit Assessment of Stationary FCH Technologies and Pathways
  • 23.3 Energy System Perspective
  • 23.4 Conclusions and Policy Recommendations
  • References

Chapter 24. Need for Reliability and Measuring Its Cost

  • Abstract
  • 24.1 Characterizing Interruptions
  • 24.2 Composition of Costs
  • 24.3 Quantifying Costs
  • 24.4 Isolated and Vulnerable: Case Study of Cyprus (2011)
  • 24.5 Timing Matters: Case Study of Italy (2003)
  • 24.6 Integrating Renewables Through Smarter Grids: Tradeoffs and Synergies
  • 24.7 Services, not kWh: Expanding the Approach
  • References

Chapter 25. Conclusions

  • Abstract

Section VI: Society and Consumer Demands

Chapter 26. Introduction

  • Abstract

Chapter 27. Self-Consumption of Electricity from Renewable Sources

  • Abstract
  • 27.1 Introduction
  • 27.2 Benefits
  • 27.3 Challenges of Self-Consumption and Policy Options
  • 27.4 Sharing Grid Costs, Levies, and Taxes
  • 27.5 Conclusions
  • References

Chapter 28. DC Power Production and Consumption in Households

  • Abstract
  • 28.1 Introduction
  • 28.2 DC Networks
  • 28.3 Policy Recommendations
  • References

Chapter 29. District Heating in Europe: Opportunities for Energy Savings, Business, and Jobs

  • Abstract
  • 29.1 Introduction
  • 29.2 Current Situation
  • 29.3 Demand Side
  • 29.4 District Heating Networks
  • 29.5 Supply Side
  • 29.6 Business Models and Jobs
  • 29.7 Policy Recommendations and Outlook
  • References

Chapter 30. Energy Poverty Across the EU: Analysis of Policies and Measures

  • Abstract
  • 30.1 Introduction
  • 30.2 Energy Poverty in Europe: Understanding of the Problem and Policy Response
  • 30.3 Assessing Member State Responses: Defining the Issues
  • 30.4 Assessing Member State Responses: Policies and Measures
  • 30.5 Developing a Comprehensive and Coordinated European Response
  • 30.6 Conclusions
  • References

Chapter 31. Conclusions

  • Abstract

Society and Consumer Demands—Abbreviations, Acronyms, and Initialisms

Section VII: Europe’s Energy Transition: Challenges and Insights for Policy Making

Chapter 32. Introduction

  • Reference

Chapter 33. Key Challenges Ahead

  • Abstract
  • 33.1 System Decarbonization
  • 33.2 Secure, Reliable, and Competitive Energy Markets
  • 33.3 Affordability for Consumers
  • References

Chapter 34. Developing the Policy Package

  • Abstract
  • 34.1 Emission Reduction Targets and the EU ETS
  • 34.2 Delivering a Higher Market Share of Renewable Energy
  • 34.3 Addressing Energy Poverty and Protecting Vulnerable Consumers
  • References

Chapter 35. Research Priorities

  • Abstract
  • References

Details

No. of pages:
354
Language:
English
Copyright:
© Academic Press 2017
Published:
Imprint:
Academic Press
eBook ISBN:
9780128099032
Paperback ISBN:
9780128098066

About the Author

Reviews

"The world has embarked on an unprecedented energy transition. Energy efficiency and renewable energy play a key role in this transition and Europe is leading the way. It is an unchartered journey, yet foresight is required what path to follow and which framework to put in place to enable such transition. New technologies, market designs and business models are needed. This book provides an excellent cutting-edge science based perspective on various aspects of the energy transition. It helps decision makers to better understand the relation between the physical economy and markets, consumer needs and technology innovation. Billions are at stake in financial terms, this book is a worthwhile investment to make sure the right decisions are taken." --Dr. Dolf Gielen, Director of the IRENA Innovation and Technology Centre in Bonn, International Renewable Energy Agency

"A key driving force has gained remarkable momentum in the discussion on energy system transformation: sustainability. The objective to combat climate change is putting environmental considerations higher on the agenda than ever before. In fact, it is already widely believed that integration of sustainability issues will be critical to the future commercial success in the energy business. Thus, European utilities are forced to change their business models, factoring in the shift from traditional mostly fossil-based and centralized power generation to a more renewable and increasingly de-central production landscape. As a result, their traditional long-term investment planning has become even more dependent on regulatory design. More joint-up thinking between industry and policy makers will be required in order to address current deficiencies originating from the patchwork of energy policies across Europe. Holistic analyses as endeavored by this book are key to establish the required knowledge amongst stakeholders as common basis to develop the regulatory framework that allows pursuing European sustainability targets in an effective and efficient way." --Dr. Andreas Schuler, Chief Risk Officer, Vice President Risk Management, Vattenfall

"This book represents a unique, value added contribution to the ongoing issues related to the transformation of the EU power system. Insights, thoughtful analysis, informed by solid analytics combine to offer decision makers, analysts, academics and business leaders rich information to chart a pathway forward." --Dr. Doug Arent, Executive Director, Joint Institute for Strategic Energy Analysis (JISEA) at the National Renewable Energy Laboratory (NREL)

"The energy system is undergoing a deep, structural, and pervasive transformation, posing a number of challenges to our business models, regulatory frameworks, and behavioural patterns. For Europe, this does present very distinctive challenges, notably due to the EU’s unique complexity of multi-layer governance. By dissecting the very nature of this double complexity – the energy transition phenomenon and the EU’s policy framework – "Europe’s Energy Transition: Insights for Policy Making" responded to such a call for a comprehensive approach and provides a precious set of instruments for policy makers, researchers, and analysts at every governance level." --Dr. Fabian Zuleeg, Chief Executive and Chief Economist, European Policy Centre