Development and evaluation of long-term scenarios for a feasible European climate and energy policy until 2030, study for the German Federal Ministry for Economic Affairs and Energy
Within this study commissioned by the German Federal Ministry for Economic Affairs and Energy (Bundesministerium für Wirtschaft und Energie - BMWi), new calculations were conducted with the PRIMES model, the same instrument as used for the EU Commission’s 2030 impact assessments underlying both the 2030 energy and climate Communication of January 2014 as well as the Energy Efficiency Communication of July 2014. The analysed scenario include three targets namely GHG emission reduction, renewables and energy efficiency target. For reasons of comparability it is based on the same assumptions as regards the impact assessments of the 2030 energy and climate communication and the energy efficiency communication with two exemptions:
- within the area of renewable energy and energy efficiency lower financing risks which lead to lower cost of capital were assumed due to the assumptions that lower risks apply in the case of specific targets and a specific framework with focussed measures for renewables and energy efficiency,
- the market stability reserve (MSR) for the EU-Emissions Trading Scheme (ETS) was modelled.
