Latin American Energy Markets: Investment Opportunities in Nonconventional Renewables
Latin America is very rich from the point of view of its varied energy resources, with an abundance of hydroelectric generation and large reserves of fossil fuels. At present, although there is a general awareness of climate change issues associated with fossil fuel use, the facts show that economic needs over the short and medium terms are the engine of technology change.
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An Innovative Coalitional Trading Model for a Biomass Power Plant Paired With Green Energy Resources
The role of biomass resources to diminish the dependency on fossil fuels is steadily increasing worldwide. More importantly, governments set goals to boost the share of renewable energy resources in the power sector to face up to global warming issues. In this paper, a coalitional game model for the trading of a Biomass Power Plant (BPP) paired with a concentrating solar power facility and a wind park is proposed.
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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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Integrating Variable Renewables in Europe: Current Status and Recent Extreme Events
In recent months, energy policy in the European Union (EU) has started to focus on the concrete actions required to ensure the realization of a functioning internal energy market in the context of high levels of renewable energy in the post-2020 period. The most important developments include the agreement by the European Council on energy and climate targets for 2030 and the launch of the Energy Union by the European Commission in February 2015. European energy strategy will be strongly based on the development of variable renewables such as wind and PVs.
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