Renewable Energy Incentives and Co2 Abatement in Italy

33 Pages Posted: 14 Mar 2015

See all articles by Claudio Marcantonini

Claudio Marcantonini

European University Institute - Robert Schuman Centre for Advanced Studies (RSCAS)

Vanessa Valero

Loughborough University

Date Written: March 1, 2015

Abstract

In order to combat global warming, Italy has committed to clear environmental goals by reducing its CO2 emissions. To this purpose, it has notably encouraged renewable energy development through a variety of support schemes, ranging from green certificates to feed-in and premium tariffs. As a result, during the last years, the production of electricity from renewable energy sources, especially from wind and solar energy, has experienced a considerable surge. In this paper we estimate the cost of reducing CO2 emissions in the power sector by deploying wind and solar energy in Italy from 2008 to 2011. The results show that, for the period analyzed, the average costs for wind are in the order of 150 €/tCO2, while for solar are much higher, above 1000 €/tCO2. This is because solar energy generators receive much higher remunerations per MWh of generated electricity than wind energy generators. These costs are about twice as high as in Germany. This is due to the difference between the incentive schemes and the power system in the two countries.

Keywords: Abatement Cost, Renewable Energy, Wind Energy, Solar Energy, Italy

Suggested Citation

Marcantonini, Claudio and Valero, Vanessa, Renewable Energy Incentives and Co2 Abatement in Italy (March 1, 2015). Robert Schuman Centre for Advanced Studies Research Paper No. RSCAS 2015/20, Available at SSRN: https://ssrn.com/abstract=2577844 or http://dx.doi.org/10.2139/ssrn.2577844

Claudio Marcantonini (Contact Author)

European University Institute - Robert Schuman Centre for Advanced Studies (RSCAS) ( email )

Villa La Fonte, via delle Fontanelle 18
50016 San Domenico di Fiesole
Florence, Florence 50014
Italy

Vanessa Valero

Loughborough University ( email )

Ashby Road
Nottingham NG1 4BU
Great Britain

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