|Project name:||ReFlex - Energy Investment Strategies and long term Emission Reduction Needs|
Karl Steininger (Wegener Zentrum)
|Project team:|| Andreas Türk|
|Partners:||Energy Economics Group, EEG (Vienna University of Technology)|
Institute for Water, Energy and Sustainability (Joanneum Research)
Centre for Economic and Innovation Research (Joanneum Research)
|Duration:||Oct. 2009 - Jan.2011|
The objective of this project is to provide a model-supported analysis of the extent to which Austria should achieve its 34 percent renewable energy goal though increasing domestic energy efficiency and renewable energy or through buying renewable energy (RES) certificates that may become available through the flexibility mechanisms. The modeling exercise will take into consideration not only direct costs but also macroeconomic impacts and indirect costs of the trading options. This will enable a comprehensive evaluation of the political choices. In addition, the impacts, design and necessary conditions for implementation of the flexibility mechanisms will be examined, thereby contributing to current European research in this field. The engagement of an expert advisory group will ensure that this project is embedded in European-wide research. The results will be discussed with those engaged in Austrian energy and climate policy through a stakeholder process.