The impact of climate change on the electricity market: A review

Mideksa, Torben K.; Kallbekken, Steffen

doi:10.1016/j.enpol.2010.02.035

Cited by 255 publications

(107 citation statements)

References 14 publications

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“…The HDD and CDD refer to the sum of positive or negative deviations in the actual temperature from the base temperature over a given period of time. The base temperature is defined as the temperature level where there is no need for either heating or cooling (Mideksa and Kallbekken, 2010). Following Isaac and van Vuuren (2009), we used 18°C as the base temperature, although this criterion differs by region and over different periods of time.…”

Section: Methodsmentioning

confidence: 99%

“…On the demand side, the building sector is highly sensitive to climate change, where energy is used for numerous purposes such as heating, cooling, cooking and lighting. Space heating and cooling account for a large proportion of overall energy use, and the associated energy demand is also affected by climate change (Mideksa and Kallbekken, 2010).…”

Section: Introductionmentioning

confidence: 99%

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Quantifying the economic impact of changes in energy demand for space heating and cooling systems under varying climatic scenarios

et al. 2016

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The building sector is highly sensitive to climate change, where energy is used for numerous purposes such as heating, cooling, cooking and lighting. Space heating and cooling account for a large proportion of overall energy use, and the associated energy demand is also affected by climate change. Here, we project the economic impact of changes in energy demand for space heating and cooling under multiple climatic conditions. We use an economic model coupled with an end-use technology model to explicitly represent the investment costs for air-conditioning technologies, which influence the macroeconomy. We conclude that the negative effects on the economy from increases in the use of space cooling are sufficiently large to neutralize the positive impacts from reductions in space heating usage under climate change, which results in significant economic loss. The economic loss under the highest emissions scenario (RCP8.5) would correspond to a −0.34% (−0.39% to −0.18%) change in global gross domestic product (GDP) in 2100 compared with GDP without any climate change, while the impact under the lowest emissions scenario (RCP2.6) would result in a −0.03% (−0.07% to −0.01%) change in global GDP in 2100. The economic losses are mainly generated by incremental technological costs and not by changes in energy demand itself. The amount of economic loss can vary substantially based on assumptions of technological costs, population and income. To reduce the negative impacts of climate change measures for reducing the costs of air conditioning will be an important consideration for the building sector in the future.

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Section: Methodsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Quantifying the economic impact of changes in energy demand for space heating and cooling systems under varying climatic scenarios

et al. 2016

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“…However, awareness of the climate vulnerability and adaptation needs of the energy sector is increasing (Mideksa and Kallbekken, 2010;Ebinger and Vergara, 2011;Schaeffer et al, 2012). Several classes of possible impacts of climate change on energy demand and production have been noted: (i) changes in cooling efficiency of thermal and nuclear power generation, resulting in modified availability and efficiency of plants (Linnerud et al, 2011;Rübbelke and Vögele, 2011); (ii) changes in seasonal river flows and in their variability, affecting hydropower potential and generation (Lehner et al, 2005;Hamududu and Killingtveit, 2012); (iii) changes in productivity of crops for bio-energy (Haberl et al, 2011); (iv) vulnerability of energy-related infrastructure to extreme events and sea level rise (Craig, 2011); and finally, changes in space heating and cooling requirements, the focus of the current paper.…”

Section: Introductionmentioning

confidence: 99%

Worldwide impacts of climate change on energy for heating and cooling

Labriet¹,

Joshi

Vielle

et al. 2013

Mitig Adapt Strateg Glob Change

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The energy sector is not only a major contributor to greenhouse gases, it is also vulnerable to climate change and will have to adapt to future climate conditions. The objective of this study is to analyze the impacts of changes in future temperatures on the heating and cooling services of buildings and the resulting energy and macro-economic effects at global and regional levels. For this purpose, the techno-economic TIAM-WORLD (TIMES Integrated Assessment Model) and the general equilibrium GEMINI-E3 (General Equilibrium Model of International-National Interactions between Economy, Energy and Environment) models are coupled with a climate model, PLASIM-ENTS (Planet-Simulator -Efficient Numerical Terrestrial Scheme). The key results are as follows. At the global level, the climate feedback induced by adaptation of the energy system to heating and cooling is found to be insignificant, partly because heating and cooling-induced changes compensate and partly because they represent a limited share of total final energy consumption. However, significant changes are observed at regional levels, more particularly in terms of additional power capacity required to satisfy additional cooling services, resulting in increases in electricity prices. In terms of macro-economic impacts, welfare gains and losses are associated more with changes in energy exports and imports than with changes in energy consumption for heating and cooling. The rebound effect appears to be non-negligible.To conclude, the coupling of models of different nature was successful and showed that the energy and economic impacts of climate change on heating and cooling remain small at the global level, but changes in energy needs will be visible at more local scale.

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“…The Energy sector is expected to be impacted by climate change on both the supply side and the demand side, although it is acknowledged that the impact of climate policy is likely to be greater than changes in mean temperature, for example (Mideksa and Kallbekken 2010). Impacts on the supply side are likely to be regionally specific (Mideksa and Kallbekken 2010).…”

Section: Secondary Sectormentioning

confidence: 99%

“…Impacts on the supply side are likely to be regionally specific (Mideksa and Kallbekken 2010). The availability of renewable resources is also affected by climate change, and the trend may be positive or negative.…”

Section: Secondary Sectormentioning

confidence: 99%

Socio-economic Impacts—Urban Complexes

Deppisch

Juhola

Janßen

et al. 2015

Regional Climate Studies

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This chapter examines observed and potential future climate change impacts on socioeconomic fields concerning urban complexes in the Baltic Sea basin. This is based on the literature review that focused mainly on English publications on climate change impacts, but included some publications in other languages on adaptation. In the Baltic Sea basin, there appears to be an imbalance between cities and towns that have been well studied with reference to climate change impacts, and cities or even regions for which there is hardly any published literature. For those publications that do exist, most concern the impact of a specific climate change effect (temperature rise, extreme events, sea-level rise) on a particular socioeconomic field of an urban complex. The results of the literature review indicate that urban complexes in the Baltic Sea catchment are likely to experience climate change impacts within wide-ranging contexts: from urban services and technical infrastructure, to buildings and settlement structures and to the urban economy or population. Impacts will differ depending on the location of the urban complex: northern versus southern and coastal versus inland. IntroductionThis chapter examines observed and potential future climate change impacts on socio-economic fields concerning urban complexes. Urban complexes are human-dominated settlements with relatively higher population density than rural settlements. The term comprises cities and towns. Urban complexes are further characterised by high concentrations of buildings and built-up areas with consequent soil sealing, high concentrations of people and infrastructure as well as specific economic and cultural roles and activities. These factors render urban complexes particularly vulnerable to climate change impacts (Hunt and Watkiss 2011). As every urban complex is characterised by a specific mix of social, ecological and economic interdependencies and its own settlement and building structure, it is difficult to generalise on scientific findings concerning urban complexes. Moreover, in the Baltic Sea basin, there seems to be an imbalance between cities and towns that have been well studied with reference to climate change impacts, and cities or even regions for which there is hardly any published literature. For those publications that do exist, most concern the impact of a specific climate change effect (temperature rise, extreme events, sea-level rise) on a particular socioeconomic field of an urban complex. Systematic case studies are available but are mostly on the impacts of climate on human health (Analitis et al.

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The impact of climate change on the electricity market: A review

Cited by 255 publications

References 14 publications

Quantifying the economic impact of changes in energy demand for space heating and cooling systems under varying climatic scenarios

Quantifying the economic impact of changes in energy demand for space heating and cooling systems under varying climatic scenarios

Worldwide impacts of climate change on energy for heating and cooling

Socio-economic Impacts—Urban Complexes

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