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Have fossil fuels been substituted by renewables? An empirical assessment for 10 European countries

dc.contributor.authorMarques, António Cardoso
dc.contributor.authorFuinhas, José Alberto
dc.contributor.authorPereira, Diogo André
dc.date.accessioned2019-01-09T16:41:57Z
dc.date.available2019-01-09T16:41:57Z
dc.date.issued2018
dc.description.abstractThe electricity mix worldwide has become diversified mainly by exploiting endogenous and green resources. This trend has been spurred on so as to reduce both carbon dioxide emissions and external energy dependency. One would expect the larger penetration of renewable energies to provoke a substitution effect of fossil fuels by renewable sources, in the electricity generation mix. However, this effect is far from evident in the literature. This paper thus contributes to clarifying whether the effect exists and, if so, the characteristics of the effect by source. Three approaches, generation, capacity and demand, were analysed jointly to accomplish the main aim of this study. An autoregressive distributed lag model was estimated using the Driscoll and Kraay estimator with fixed effects, to analyse ten European countries in a time-span from 1990 until 2014. The paper provides evidence for the substitution effect in solar PV and hydropower, but not in wind power sources. Indeed, the generation approach highlights the necessity for flexible and controllable electricity production from natural gas and hydropower to back up renewable sources. Moreover, the results prove that peaks of electricity have been na obstacle to the accommodation of intermittent renewable sources.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.doi10.1016/j.enpol.2018.02.021pt_PT
dc.identifier.urihttp://hdl.handle.net/10400.6/6747
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.subjectRenewable energypt_PT
dc.subjectFossil fuel dependencypt_PT
dc.subjectPeak loadpt_PT
dc.subjectCross-border marketspt_PT
dc.subjectElectricity consumptionpt_PT
dc.titleHave fossil fuels been substituted by renewables? An empirical assessment for 10 European countriespt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage265pt_PT
oaire.citation.startPage257pt_PT
oaire.citation.volume116pt_PT
person.familyNameMarques
person.familyNameFuinhas
person.familyNamePereira
person.givenNameAntónio Cardoso
person.givenNameJosé Alberto
person.givenNameDiogo Santos
person.identifier1880954
person.identifierR-000-7ZC
person.identifier.ciencia-idBE19-EAEF-30CF
person.identifier.ciencia-id7817-FFB9-9DC0
person.identifier.ciencia-idD010-3E7B-D4E0
person.identifier.orcid0000-0002-9906-3874
person.identifier.orcid0000-0002-6937-5420
person.identifier.orcid0000-0001-8290-5505
person.identifier.ridD-2235-2011
person.identifier.ridP-1603-2017
person.identifier.ridF-9545-2019
person.identifier.scopus-author-id36169680100
person.identifier.scopus-author-id36168979700
person.identifier.scopus-author-id57201406792
rcaap.embargofctCopyright cedido à editora no momento da publicaçãopt_PT
rcaap.rightsclosedAccesspt_PT
rcaap.typearticlept_PT
relation.isAuthorOfPublication0dfb8b49-b2ad-4a47-8478-a3ac0a8c639f
relation.isAuthorOfPublication3261ccf1-fcd4-48ad-bf1d-a8834c5f17ad
relation.isAuthorOfPublicationbee5990f-42ce-414b-91cc-98c389f5a768
relation.isAuthorOfPublication.latestForDiscovery3261ccf1-fcd4-48ad-bf1d-a8834c5f17ad

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