Introducing Uncertain Learning in an Energy System Model: A Pilot Study Using GENIE
Artikel i vetenskaplig tidskrift, 2002
Model results emphasize the importance of early learning investments in emerging energy technologies. The optimal hedging strategy calculated by GENIE involves significant early investments in both solar PV and fuel cells. An early commitment to emerging technologies is not only a good investment plan when high learning rates are expected, but also an efficient hedging strategy when future learning rates are uncertain. A sensitivity analysis also shows that this investment strategy is surprisingly robust even if high future learning rates are regarded to be improbable.
Energy systems modeling
endogenous technical change
Chalmers, Energi och miljö, Fysisk resursteori
International Journal of Global Energy Issues
0954-7118 (ISSN) 1741-5128 (eISSN)Vol. 18 253-265