Lighting a Reliable Path to 100% Clean Electricity: Evolving Resource Adequacy Practices for a Decarbonizing Grid
It is the year 2045 in the carbon-neutral southwestern United States. While summer heatwaves have increased in frequency and intensity because of climate change, the region’s abundant solar generation produces tremendous amounts of low-cost energy on hot summer days. This energy not only serves daytime loads but it also charges an enormous fleet of batteries that, aided by wind and geothermal power, discharge overnight to effectively eliminate summertime electric reliability concerns.
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Decarbonization of Electricity Systems in Europe: Market Design Challenges
Driven by climate change concerns, Europe has taken significant initiatives toward the decarbonization of its energy system. The European Commission (EC) has set targets for 2030 to achieve at least 40% reduction in greenhouse gas emissions with respect to the 1990 baseline level and cover at least 32% of the total energy consumption in the European Union (EU) through renewable energy sources, predominantly wind and solar generation.
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