03 Jul 2015

Costs and Benefits of RES in Europe up to 2030

Marijke Welisch / Gustav Resch / Arno Behrens / Monica Alessi

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This Policy Brief follows-up on an earlier DIA-CORE Policy Brief “Assessing costs and benefits of deploying renewables”, of 26 September 2014, which highlighted the complexities in making a comprehensive and appropriate assessment of the costs and benefits resulting from an increased use of renewable energy sources (RES). The present paper uses the tools proposed in the previous Policy Brief to estimate the effects on Member States of reaching the EU-wide RES target of 27% of the EU’s energy consumption by 2030. This allows us to draw some conclusions on the differentiated impacts across member states, and the potential implications for an effort-sharing approach. It also assesses whether a higher ambition level could be beneficial. The paper also takes into account the implications of national policy frameworks and highlights the importance of reforms to reduce the costs of RES adoption.

Marijke Welisch is Junior Researcher and Gustav Resch is Senior Researcher in the Energy Economics Group (EEG) in the Institute of Energy Systems and Electric Drives, Vienna University of Technology. Arno Behrens is Research Fellow and Head of the Energy research unit and Monica Alessi is Programme Manager at CEPS.

The paper is published on the DIA-CORE website and can be downloaded at  http://diacore.eu/results/item/4th-dia-core-policy-brief/ 

Launched in April 2013, DIA-CORE is carried out under the Intelligent Energy Europe programme. Its main objective is to ensure a continuous assessment of the existing policy mechanisms and to establish a fruitful stakeholder dialogue on future policy needs for renewable electricity (RES-E), heating & cooling (RES-H) and transport (RES-T).