Abstract
Future rates of cost reduction, fossil fuel prices, the global carbon bound and other key factors impacting renewable power development are highly uncertain. For this reason, uncertainty is introduced to the previously deterministic CORE model by means of a stochastic program. After the discussions of objective, approach and current state of research, the required amendments to the model’s formulation are described in section 7.2. Results are then presented in section 7.3 for uncertain learning rates, carbon bound, fossil fuel prices, renewable potentials as well as uncertainty in several parameters simultaneously. The chapter concludes with a summary of findings and implications.
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Wagner, F. (2014). Implications of Uncertainty for Renewable Power Deployment. In: Renewables in Future Power Systems. Green Energy and Technology. Springer, Cham. https://doi.org/10.1007/978-3-319-05780-4_7
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DOI: https://doi.org/10.1007/978-3-319-05780-4_7
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-05779-8
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