BFGG_EARE_BlindManuscript_R2.pdf (1.48 MB)
The zonal and seasonal CO2 marginal emissions factors for the Italian power market
journal contribution
posted on 2021-08-17, 16:00 authored by Filippo Beltrami, Fulvio Fontini, Monica GiuliettiMonica Giulietti, Luigi GrossiThis paper estimates the seasonal and zonal CO2 marginal emissions factors (MEFs) from
electricity production in the Italian electricity system. The inclusion of the zonal configuration
of the Italian wholesale power market leads to a complete measurement of marginal emission
factors which takes into account the heterogeneous distribution of RES power plants, their
penetration rate and their variability within the zonal power generation mix. This article relies
on a flexible econometric approach that includes the fractional cointegration methodology to
incorporate the typical features of long-memory processes into the estimation of MEFs. We find
high variability in annual MEFs estimated at the zonal level. Sardinia reports the highest MEF
(0.7189 tCO2/MWh), followed by the Center South (0.7022 tCO2/MWh), the Center North
(0.4236 tCO2/MWh), the North (0.2018 tCO2/MWh) and Sicily (0.146 tCO2/MWh). The
seasonal analysis also shows a large variability of MEFs in each zone across time. The heterogeneity of results leads us to recommend that policymakers consider the zonal configuration of
the power market and the large seasonal variability related to carbon emissions and electricity
generation when designing incentives for Renewable Energy Sources (RES) expansion and for
achieving emission reduction targets.
Funding
Energy Transactions for Non-Traditional Services (EnTraNTS)
Engineering and Physical Sciences Research Council
Find out more...History
School
- Business and Economics
Department
- Economics
Published in
Environmental and Resource EconomicsVolume
83Issue
2Pages
381 - 411Publisher
Springer (part of Springer Nature)Version
- AM (Accepted Manuscript)
Rights holder
© The AuthorsPublisher statement
This is a post-peer-review, pre-copyedit version of an article published in Environmental and Resource Economics. The final authenticated version is available online at: https://doi.org/10.1007/s10640-021-00567-9.Acceptance date
2021-04-29Publication date
2021-06-01Copyright date
2021ISSN
0924-6460eISSN
1573-1502Publisher version
Language
- en