Title:
A Pathway Towards the Development of EU Energy Sector: Unconventional Gas or Biofuels?
Author(s):
Gyparis, I.G., Sidiras, D.K.
Document(s):
Paper
Poster
Abstract:
A four-variable model was designed to assess the viability of the decarbonization of the European energy mix. The variables of the microeconomic model were energy: technologies, policies, markets, and user preferences. This study aims at encapsulating various aspects of the energy transition and providing relevant conclusions in a clearly defined, logical and consistent way. Unconventional gas and biofuels were chosen as case studies to clearly understand the forces of the model. Most of the emission reductions achieved have been accomplished via new environmental regimes that promote the growth of renewable energy sources. The new environmental policies have created supply shocks to energy markets - both positive and negative depending on the type of resource that was promoted. Energy technologies influence the changes in the energy sector however their role is not as decisive as in the past. Based on the analysis conducted it is highly unlikely the forthcoming years to achieve a zero-carbon European energy mix because of market barriers and areas that significant emission reductions are difficult to be achieved.
Keywords:
biofuel, energy, unconventional gas, electricity prices
Topic:
Bioeconomy Sustainability, Impacts and Policies
Subtopic:
Biomass strategies and policies towards a bioeconomy
Event:
28th European Biomass Conference and Exhibition
Session:
4AV.1.15
Pages:
780 - 785
ISBN:
978-88-89407-20-2
Paper DOI:
10.5071/28thEUBCE2020-4AV.1.15
Price:
FREE
