How renewable energy promotion impacts the Portuguese economy?

Patrícia Fortes, Júlia Seixas, Sara Proença

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

2 Citations (Scopus)

Abstract

The promotion of renewable energy sources (RES) has been applied by policy makers to mitigate climate change and boost economic growth and employment. However, these positive impacts of RES deployment are controversial as some studies indicate that such positive effects may not occur. This study contributes to this discussion by investigating the impact of RES expansion on the Portuguese economy. The HYBTEP and HyBGEM hybrid models are used to evaluate the impact of doubling the 2010 share of RES in final energy consumption and electricity production by 2030. Results show that the positive relation between RES promotion, economic growth and employment is not straightforward, revealing in some cases negative effects, which are dependent of the policy instruments and financial mechanisms considered. It should however be underlined that this exercise considers Portugal as independent of international context, namely in terms of international trade prices, which are assumed constant for all the scenarios.

Original languageEnglish
Title of host publication2015 12th International Conference on the European Energy Market, EEM 2015
PublisherIEEE Computer Society
Volume2015-August
ISBN (Electronic)9781467366915
DOIs
Publication statusPublished - 20 Aug 2015
Event12th International Conference on the European Energy Market, EEM 2015 - Lisbon, Portugal
Duration: 19 May 201522 May 2015

Conference

Conference12th International Conference on the European Energy Market, EEM 2015
Country/TerritoryPortugal
CityLisbon
Period19/05/1522/05/15

Keywords

  • hybrid technological economic modelling
  • Portugal
  • renewable energy sources
  • renewable subsidies
  • renewable targets

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