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Green electricity investment in Europe: Development scenarios for generation and transmission investments

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  • von Hirschhausen, Christian

Abstract

This study analyzes issues related to green, i.e. low-carbon electricity investment in Europe. While traditionally the focus of attention was on green transmission lines, it has become clear in the course of this study that even though high-voltage electricity transmission is an important element of the decarbonization, there is no green transmission as such. Rather, transmission is greened by decisions on the upstream energy mix; in an extreme view, transmission investment is but a residual from generation decisions, because the choice of the generation portfolio, and its location, directly implies which transmission infrastructure is required. Therefore, green investment necessarily entails an integrated vision of generation and transmission (as well as storage, demand-side flexibility, etc., which for the sake of simplicity we consider to be part of generation). Both require a specific approach to investment since purely market-based competition will not bring about the energy mix that Europe has opted for, e.g. a low carbon energy mix, sketched out in its Energy Roadmap 2050. ...

Suggested Citation

  • von Hirschhausen, Christian, 2012. "Green electricity investment in Europe: Development scenarios for generation and transmission investments," EIB Working Papers 2012/04, European Investment Bank (EIB).
    • Handle: RePEc:zbw:eibwps:201204
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    File URL: https://www.econstor.eu/bitstream/10419/88100/1/772226199.pdf
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    References listed on IDEAS

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    1. Andreas Schröder & Friedrich Kunz & Jan Meiss & Roman Mendelevitch & Christian von Hirschhausen, 2013. "Current and Prospective Costs of Electricity Generation until 2050," Data Documentation 68, DIW Berlin, German Institute for Economic Research.
    2. Juan Rosellón, Ingo Vogelsang, and Hannes Weigt, 2012. "Long-run Cost Functions for Electricity Transmission," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1).
    3. Olmos, Luis & Pérez-Arriaga, Ignacio J., 2009. "A comprehensive approach for computation and implementation of efficient electricity transmission network charges," Energy Policy, Elsevier, vol. 37(12), pages 5285-5295, December.
    4. Buti,Marco & Deroose,Servaas & Gaspar,Vitor & Martins,João Nogueira (ed.), 2010. "The Euro," Cambridge Books, Cambridge University Press, number 9789279098420, October.
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    Cited by:

    1. Egerer, Jonas & Kunz, Friedrich & Hirschhausen, Christian von, 2013. "Development scenarios for the North and Baltic Seas Grid – A welfare economic analysis," Utilities Policy, Elsevier, vol. 27(C), pages 123-134.

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    More about this item

    JEL classification:

    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities

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