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Market value of renewables Decreasing market value of variable renewables is a result of policy, not variability

The decline in average revenue seen in some recent literature is due to an implicit policy assumption that technologies are forced into the system, whether it be with subsidies or quotas. If instead the driving policy is a carbon dioxide cap or tax, wind and solar shares can rise without cannibalising their own market revenue, even at penetrations of wind and solar above 80%.

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A conversation about electricity grid modelling, demand-side management, storage and how to secure energy supply during extreme climatic events. Renewable systems benefit from cross-border transmissions, which help each country minimize storage costs and specialize in their best renewable resources.

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Assessing the economic impacts of climate change.

The most discussed assessments are flawed. They focus on central tendencies and do not account for fat-tailed uncertainties. Some possible impacts are too large and the risk function cannot be defined properly.

The results of this work is inconsistent with the qualitative knowledge of climate scientists.

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Understanding the effect of carbon pricing and subsidies on the market value of renewables.

A low market value does not necessarily indicate a problem with the integration of variable sources of energy.

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