Abstract
The main objective of this work has been to examine the future deployment of renewable power from a normative point of view. A particular focus has been put on identifying particular properties characterizing the cost-optimal transition towards a renewable power system, analyzing the key drivers behind this transition with a particular focus on technological cost reductions, and investigating the implications of uncertainty associated with those drivers. Bridging the gap between the two strands of literature of renewable potential, on the one side, and energy system modeling with endogenous technological change, on the other side, counts among the methodological contributions of this book. Moreover, specific considerations for the formulation of models featuring variable learning rates over time have been described and the effect of uncertainty for optimal investment strategies in an environment with bounded increasing returns has been explored.
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© 2014 Springer International Publishing Switzerland
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Wagner, F. (2014). Summary and Outlook. In: Renewables in Future Power Systems. Green Energy and Technology. Springer, Cham. https://doi.org/10.1007/978-3-319-05780-4_8
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DOI: https://doi.org/10.1007/978-3-319-05780-4_8
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-05779-8
Online ISBN: 978-3-319-05780-4
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