| ID | 177106 |
| Title Proper | Fuel switching as an option for medium-term emission reduction - a model-based analysis of reactions to price signals and regulatory action in German industry |
| Language | ENG |
| Author | Rehfeldt, Matthias |
| Summary / Abstract (Note) | The German federal government has set a target for German industry to reduce its GHG emissions by 49%–51% by 2030 compared to 1990. Fuel switching to electricity and biomass is a potential measure to meet this target. In this article, we simulate the contribution of fuel switching by applying economic incentives and regulatory measures. The policy instruments of a CO2 price and technology-specific subsidies are applied with varying intensity. In addition, we simulate accelerated stock replacement and a ban on new fossil-based steam generation systems. Results show that combining fuel switching and energy efficiency could achieve emission reductions of 50% by 2030 compared to 1990 only combined with considerable economic pressure (up to 300 €/tCO2) and financial support for electricity-based process heating. |
| `In' analytical Note | Energy Policy Vol.147; Dec 2020 : p.111889 |
| Journal Source | Energy Policy 2020-12 147 |
| Key Words | Industry ; Energy Transition ; Fuel Switching ; CO2 Price ; Simulation Model |