The EU electricity market: Renewables targets, Tradable Green Certificates and electricity trade

Καρακώστα, Ουράνια; Petropoulou, Dimitra

doi:10.1016/j.eneco.2022.106034

Cited by 18 publications

(8 citation statements)

References 16 publications

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“…Zheng et al [147] and Wu et al [148] explore the intricacies of China's tradable green certificate market, focusing on social influence and policy coupling. Karakosta and Petropoulou [149] evaluate how national tradable green certificate systems align with broader EU renewable energy goals. Yu et al [150] and Zhu et al [151] delve into the effectiveness of integrating tradable green certificates with other policy instruments like feed-in tariffs and renewable energy certificates.…”

Section: Cluster 4: the Complex Interplay Of Policies And Incentives ...mentioning

confidence: 99%

Green Certificates Research: Bibliometric Assessment of Current State and Future Directions

Chrysikopoulos,

Chountalas,

Georgakellos

et al. 2024

Sustainability

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In recent years, sustainability initiatives and the prominence of renewables have emerged as pivotal priorities in addressing environmental, ecological, and socioeconomic challenges. Within this context, green certificates—representing proof of electricity generation from renewable sources—have gained substantial recognition, enabling organizations to demonstrate their commitment to clean energy. This study employs a bibliometric analysis to chart the evolution and current state of green certificates research. Drawing from the Scopus database, we sourced bibliographic data, resulting in a refined dataset of 940 documents spanning from 2000 to 2022. Through performance analysis, we systematically evaluated the landscape of green certificates research, assessing publication trends, identifying influential works, spotlighting prolific authors, highlighting leading academic institutions, mapping regional research hotspots, and pinpointing the top publishing journals in the domain. Employing science mapping techniques—such as co-authorship networks, keyword co-occurrence analysis, and bibliographic coupling—we delineated the collaborative patterns and the conceptual and intellectual structure of the field. This was further augmented by content analysis, revealing four salient research themes, emphasizing the consistent and central focus on support mechanisms and policies for renewable energy sources, sustainable renewable technologies and market dynamics, technological innovations and green certificate trading, and renewable energy sources investment strategies. Building on these findings, the paper concludes by outlining practical implications and prospective research avenues. These encompass a detailed understanding of renewable energy support mechanisms, the pivotal role of electricity disclosure in enhancing transparency, and the transformative potential of emergent technologies, such as artificial intelligence and blockchain, in the green certificate trading landscape. The research also emphasizes the fundamental role of guarantees of origin in advancing sustainability goals, the dynamic discourse on green hydrogen certification standards, and the intricate dynamics of trading mechanisms in shaping investment strategies.

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Section: Cluster 4: the Complex Interplay Of Policies And Incentives ...mentioning

confidence: 99%

Green Certificates Research: Bibliometric Assessment of Current State and Future Directions

Chrysikopoulos,

Chountalas,

Georgakellos

et al. 2024

Sustainability

View full text Add to dashboard Cite

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“…The Cournot duopoly game can reflect the monopolistic control of two firms over the market, where two firms supply homogeneous goods and maximize their respective profits by selecting appropriate production strategies [51]. This method can eliminate the interference of heterogeneous firms, making the conclusions universal and easy to generalize to scenarios with more oligarchs, and has been widely used in complex agents' decision-making problems [52,53]. Consider a Cournot duopoly industry consisting of two firms that produce homogeneous products.…”

Section: The Basic Modelmentioning

confidence: 99%

Optimal Green Technology Choice for Firms under an Emission Trading Scheme: End-of-Pipe vs. Cleaner Production

Yuan,

Jin,

Zhang

2023

Sustainability

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Green technology innovation helps to improve both economic and environmental performance simultaneously. How to invest in green technology innovation under emission trading policy is a current issue worthy of attention. However, existing research has not delved into the choices of different green technology innovation models, namely cleaner production technology and end-of-pipe technology, available to firms and governments under the joint implementation of other policies. Thus, this paper studies the optimal model of green technology innovation under emission trading policy and emission tax policy by constructing a two-stage game model suitable for complex decision analysis. The results show that regardless of the value of emission trading price, the optimal green technology innovation choice of the firms is cleaner production technology. Furthermore, the results show that neither conflict nor consistency always exists between governments’ and firms’ choices. When the emission trading price is high, the choice of governments and firms is in conflict; when the emission trading price is low, the choice of the two is consistent, both prefer cleaner production. This study not only enriches the existing research in theory but also provides support for governments to guide the choice of firms and achieve a win–win situation in practice.

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“…The allocated emission quota is calculated in (15), which is proportional to the electric load. The actual carbon emission of the system is calculated in (16), i.e., each carbon emission source contributes proportionally to its output. In our optimization model, the carbon emission mainly comes from the purchased electricity M t grid , the CCHP unit (the gas turbine (ge), waste heat boiler (whb), and the absorption chiller (hc)) M t cchp , and the gas boiler M t gb .…”

Section: Carbon Emission Rightmentioning

confidence: 99%

“…However, the above optimal dispatching models cannot provide direct economic incentives for IES operators to maximally accommodate REG and reduce carbon emission. The market mechanisms of tradable green certificates (TGCs) [16][17][18] and carbon emission right trading [19][20][21] are designed to address this problem, but little research on the optimal operation of the IES has been conducted with both trading schemes considered.…”

Section: Introductionmentioning

confidence: 99%

Multi-Time Period Optimal Dispatch Strategy for Integrated Energy System Considering Renewable Energy Generation Accommodation

Chen¹,

Lai

Chen³

et al. 2022

Energies

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With the target of carbon peaking and carbon neutrality, renewable energy generation (REG) develops rapidly. The increasing penetration of REG brings along the problems of fluctuation in power flow and the possible abandonment of wind and photovoltaics (PV) generation. In this context, the so-called integrated energy system (IES) becomes a promising solution to the accommodation of REG thanks to energy storage systems and coupling devices inside. In this paper, the optimal operation model of an IES is first presented, with the schemes of green certificate trading and carbon emission right trading included to provide economic incentives for accommodating REG. Next, in order to address the problem of uncertainty in REG, the devices in the IES are divided into three types based on regulation flexibility, and a multi-time period optimal dispatching scheme is proposed, including day-ahead optimal scheduling, rolling optimal dispatching, and real-time control strategy. Finally, it is demonstrated by simulation results of a numerical example that the proposed method not only promotes the accommodation capability for REG but can also cope well with contingencies.

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The EU electricity market: Renewables targets, Tradable Green Certificates and electricity trade

Cited by 18 publications

References 16 publications

Green Certificates Research: Bibliometric Assessment of Current State and Future Directions

Green Certificates Research: Bibliometric Assessment of Current State and Future Directions

Optimal Green Technology Choice for Firms under an Emission Trading Scheme: End-of-Pipe vs. Cleaner Production

Multi-Time Period Optimal Dispatch Strategy for Integrated Energy System Considering Renewable Energy Generation Accommodation

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