Economic models on renewable energy
The second set of results is on the energy transition, to increase the share of renewable energy in order to mitigate climate change.
Several results deal with the electricity sector, as it is the primary carrier of renewables. For example, one result is about the impact of the German Energiewende on electricity transmission lines.
In addition to electricity, bioenergy has a high potential as an instrument of climate change mitigation. With the project's results, we have now a better understanding of the price transmission between biofuels, fuels, and food commodities. Another key result is that the prices of ethanol and biodiesel are responsive to their production factors.
Finally, as fossil fuels remain in use, the research took them into consideration. Among the results, we have improved models of the prices of oil and electricity, and the general determinants of the price of energy.