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dc.contributor.authorConchado, Adelaes-ES
dc.contributor.authorDíaz Anadón, Lauraes-ES
dc.contributor.authorLinares Llamas, Pedroes-ES
dc.contributor.authorLópez-Peña Fernández, Álvaroes-ES
dc.date.accessioned2016-10-18T12:05:31Z
dc.date.available2016-10-18T12:05:31Z
dc.identifier.urihttp://hdl.handle.net/11531/14194
dc.description.abstractes-ES
dc.description.abstractGiven the importance of technological innovation to pursue clean, secure and affordable energy supply at a global scale, policies promoting R&D in energy technologies become crucial. However, the high uncertainty involved in assessing the outcomes of R&D investments greatly complicates the design of these policies. This paper aims to assess part of the benefits that investing in R&D in energy technologies could bring about: particularly, the magnitude of the savings that could be realized in energy systems if R&D investments result in reductions in the cost of energy technologies. The Spanish energy system is used as a case study. Potential savings for the Spanish energy system in 2030 are obtained from introducing data on the effect of R&D investments in future costs of energy technologies (from expert elicitation studies) into a bottom-up partial-equilibrium model of the Spanish energy system. Results show that savings may greatly exceed R&D investments when the cost reduction achieved for a technology makes the technology competitive, but there is a high degree of uncertainty on which technologies will succeed. These results support the argument for considering a portfolio of energy technologies when investing in energy R&D. The authors would like to extend this work by performing an analysis of the optimal energy R&D investment portfolio for a country like Spain, whose investment decisions affect only marginally the future cost of technologies.en-GB
dc.format.mimetypeapplication/pdfes_ES
dc.language.isoen-GBes_ES
dc.rightses_ES
dc.rights.uries_ES
dc.titleBenefits of investing in energy R&D and portfolio optimization: the case of Spaines_ES
dc.typeinfo:eu-repo/semantics/workingPaperes_ES
dc.description.versioninfo:eu-repo/semantics/draftes_ES
dc.rights.accessRightsinfo:eu-repo/semantics/restrictedAccesses_ES
dc.keywordses-ES
dc.keywordsInnovation in energy technologies; R&D investment; assessment of benefits; optimal R&D portfolio.en-GB


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