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2583. Sustainable Energy Transitions: Addressing Variable Renewable Energy Challenges with the AD-MERGE Integrated Assessment Model
Invited abstract in session WA-22: Renewable Energy Challenges, stream Energy Management.
Wednesday, 8:30-10:00Room: 81 (building: 116)
Authors (first author is the speaker)
| 1. | Kamyar Amirmoeini
|
| Decision Sciences, GERAD, HEC Montreal | |
| 2. | Olivier Bahn
|
| GERAD and Decision Sciences, HEC Montréal | |
| 3. | Kelly de Bruin
|
| cere, Umeå University | |
| 4. | Hamed Kouchaki-Penchah
|
| GERAD and Decision Sciences, HEC Montréal | |
| 5. | Pierre-Olivier Pineau
|
| HEC Montréal |
Abstract
In response to rising climate change challenges, the evolution of Integrated Assessment Models (IAMs) has been essential for a sustainable future. IAMs integrate environmental, technological, and socio-economic insights, to provide insight to sustainable planning. The recent significant cost reductions in Variable Renewable Energy (VRE) technologies have enhanced their adoption. However, VREs introduce complexities in modeling concerning system flexibility and grid stability. This study aims to assess the interplay between technological advances, grid integration, and market dynamics of VREs—elements fundamental to the decarbonization of the power sector. To achieve this aim, we incorporate a wider spectrum of power generation technologies into the AD-MERGE IAM, including updated options for hydro, fossil fuels, and nuclear, with a special focus on refining the integration and dynamics of VREs. Additionally, more energy storage solutions are introduced to enhance the model’s technological representation. The improved storage options can enable the mitigation of the variability of VREs, ensuring a more reliable and stable energy supply. By evaluating the impacts of these advancements within the Shared Socioeconomic Pathway 2 scenario, our research addresses VRE integration challenges, seeks to overcome intermittency, and supports decarbonization targets.
Keywords
- Energy Policy and Planning
- OR in Energy
- Environmental Management
Status: accepted
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