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Related papers: European Union gas market development

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The European Union Emission Trading Scheme (EU ETS) is a cornerstone of the EU's strategy to fight climate change and an important device for plummeting greenhouse gas (GHG) emissions in an economically efficient manner. The power industry…

Theoretical Economics · Economics 2021-05-03 Arega Getaneh Abate , Rossana Riccardi , Carlos Ruiz

In this paper, we aim to analyse the impact of hydrogen production decarbonisation and electrification scenarios on the infrastructure development, generation mix, $CO_{2}$ emissions, and system costs of the European power system,…

Optimization and Control · Mathematics 2023-12-12 Germán Morales-España , Ricardo Hernández-Serna , Diego A. Tejada-Arango , Marcel Weeda

The European Union Emissions Trading System (EU ETS), the world's first and largest cap-and-trade carbon market, is a cornerstone of EU climate policy. This study provides a comprehensive empirical analysis of the EU carbon market's…

Applications · Statistics 2026-04-21 Avirup Chakraborty

AggregateEU is a new centralised mechanism that provides a no-commitment platform to trade natural gas in the European Union. Throughout the consultation process, AggregateEU has been mocked as `Tinder of the European gas markets' as it…

General Economics · Economics 2026-04-20 Dávid Csercsik , Borbála Takácsné Tóth , Péter Kotek , László Á. Kóczy , Anne Neumann

Electricity transmission expansion has suffered many delays in Europe in recent decades, despite its significance for integrating renewable electricity into the energy system. A hydrogen network which reuses the existing fossil gas network…

Physics and Society · Physics 2023-07-18 Fabian Neumann , Elisabeth Zeyen , Marta Victoria , Tom Brown

As the European countries strive to meet their ambitious climate goals, renewable hydrogen has emerged to aid in decarbonizing energy-intensive sectors and support the overall energy transition. To ensure that hydrogen production aligns…

As the European countries strive to meet their ambitious climate goals, renewable hydrogen has emerged to aid in decarbonizing energy-intensive sectors and support the overall energy transition. To ensure that hydrogen production aligns…

General Economics · Economics 2025-03-17 E. Hordvei , S. Hummelen , M. Petersen , S. Backe , P. Granado

Enhanced Geothermal Systems (EGS) can provide constant, reliable electricity and heat with minimal emissions, but high drilling costs and uncertain cost reductions leave their future unclear. We explore scenarios for the future adoption of…

Physics and Society · Physics 2025-01-14 Lukas Franken , Elisabeth Zeyen , Orestis Angelidis , Tom Brown , Daniel Friedrich

The emergence of distributed generation and the electrification of demand have opened the possibility for prosumers to participate in electricity markets, receiving economic benefits on their bills and contributing to the reduction of…

Energy policy in Europe has been driven by the three goals of security of supply, economic competitiveness and environmental sustainability, referred to as the energy trilemma. Although there are clear conflicts within the trilemma, member…

Econometrics · Economics 2018-02-22 Anthony D Stephens , David R Walwyn

The design of the future European energy system depends heavily on how Europe balances its domestic hydrogen production against its reliance on imports. This study reveals that neither-extreme full self-sufficiency nor complete reliance on…

Physics and Society · Physics 2025-10-07 Philipp Dunkel , Theresa Klütz , Jochen Linßen , Detlef Stolten

Hydrogen and carbon capture and storage are pivotal to decarbonize the European energy system in a broad range of pathway scenarios. Yet, their timely uptake in different sectors and distribution across countries are affected by supply…

For a given carbon budget over several decades, different transformation rates for the energy system yield starkly different results. Here we consider a budget of 33 GtCO2 for the cumulative carbon dioxide emissions from the European…

Physics and Society · Physics 2020-12-07 Marta Victoria , Kun Zhu , Tom Brown , Gorm B. Andresen , Martin Greiner

The current transition in the European energy sector towards climate neutrality requires detailed and reliable energy system modeling. The quality and relevance of the energy system modeling highly depend on the availability and quality of…

Physics and Society · Physics 2022-01-24 Adam Pluta , Wided Medjroubi , Jan Diettrich , Jan Dasenbrock , Hendrik-Pieter Tetens

Europe is warming at the fastest rate of all continents, experiencing a temperature increase of about 1{\deg}C higher than the corresponding global increase. Aiming to be the first climate-neutral continent by 2050 under the European Green…

Residential demands for space heating and hot water account for 31% of the total European energy demand. Space heating is highly dependent on ambient conditions and susceptible to climate change. We adopt a techno-economic standpoint and…

Systems and Control · Electrical Eng. & Systems 2019-12-18 S. Kozarcanin , R. Hanna , I. Staffell , R. Gross , G. B. Andresen

Social acceptance is a multifaceted consideration when planning future energy systems, yet often challenging to address endogeneously. One key aspect regards the spatial distribution of investments. Here, I evaluate the cost impact and…

Physics and Society · Physics 2021-05-03 Fabian Neumann

Low-carbon electricity is a key enabler in combating climate change. Decarbonising the power sector is now at the centre of global and European policies. As the IPCC highlights, pathways where the power sector rapidly decarbonises by 2030…

Despite hydrogen being central to Europe's decarbonisation strategy, only a small share of renewable hydrogen projects reached final investment decision. A key barrier is uncertainty about how future hydrogen markets will be designed and…

Optimization and Control · Mathematics 2026-03-30 Marco Saretta , Enrica Raheli , Jalal Kazempour

To reach ambitious European CO$_2$ emission reduction targets, most scenarios of future European electricity systems rely on large shares of wind and solar photovoltaic power generation. We interpolate between two concepts for balancing the…

Physics and Society · Physics 2017-06-19 David P. Schlachtberger , Tom Brown , Stefan Schramm , Martin Greiner
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