skip to main content


Title: Power sector investment implications of climate impacts on renewable resources in Latin America and the Caribbean
Abstract

Climate change mitigation will require substantial investments in renewables. In addition, climate change will affect future renewable supply and hence, power sector investment requirements. We study the implications of climate impacts on renewables for power sector investments under deep decarbonization using a global integrated assessment model. We focus on Latin American and Caribbean, an under-studied region but of great interest due to its strong role in international climate mitigation and vulnerability to climate change. We find that accounting for climate impacts on renewables results in significant additional investments ($12–114 billion by 2100 across Latin American countries) for a region with weak financial infrastructure. We also demonstrate that accounting for climate impacts only on hydropower—a primary focus of previous studies—significantly underestimates cumulative investments, particularly in scenarios with high intermittent renewable deployment. Our study underscores the importance of comprehensive analyses of climate impacts on renewables for improved energy planning.

 
more » « less
Award ID(s):
1855982
NSF-PAR ID:
10214983
Author(s) / Creator(s):
; ; ; ; ; ; ; ;
Publisher / Repository:
Nature Publishing Group
Date Published:
Journal Name:
Nature Communications
Volume:
12
Issue:
1
ISSN:
2041-1723
Format(s):
Medium: X
Sponsoring Org:
National Science Foundation
More Like this
  1. Climate change impacts the electric power system by affecting both the load and generation. It is paramount to understand this impact in the context of renewable energy as their market share has increased and will continue to grow. This study investigates the impact of climate change on the supply of renewable energy through applying novel metrics of intermittency, power production and storage required by the renewable energy plants as a function of historical climate data variability. Here we focus on and compare two disparate locations, Palma de Mallorca in the Balearic Islands and Cordova, Alaska. The main results of this analysis of wind, solar radiation and precipitation over the 1950–2020 period show that climate change impacts both the total supply available and its variability. Importantly, this impact is found to vary significantly with location. This analysis demonstrates the feasibility of a process to evaluate the local optimal mix of renewables, the changing needs for energy storage as well as the ability to evaluate the impact on grid reliability regarding both penetration of the increasing renewable resources and changes in the variability of the resource. This framework can be used to quantify the impact on both transmission grids and microgrids and can guide possible mitigation paths. 
    more » « less
  2. Climate change is expected to intensify the effects of extreme weather events on power systems and increase the frequency of severe power outages. The large-scale integration of environment-dependent renewables during energy decarbonization could induce increased uncertainty in the supply–demand balance and climate vulnerability of power grids. This Perspective discusses the superimposed risks of climate change, extreme weather events and renewable energy integration, which collectively affect power system resilience. Insights drawn from large-scale spatiotemporal data on historical US power outages induced by tropical cyclones illustrate the vital role of grid inertia and system flexibility in maintaining the balance between supply and demand, thereby preventing catastrophic cascading failures. Alarmingly, the future projections under diverse emission pathways signal that climate hazards — especially tropical cyclones and heatwaves — are intensifying and can cause even greater impacts on the power grids. High-penetration renewable power systems under climate change may face escalating challenges, including more severe infrastructure damage, lower grid inertia and flexibility, and longer post-event recovery. Towards a net-zero future, this Perspective then explores approaches for harnessing the inherent potential of distributed renewables for climate resilience through forming microgrids, aligned with holistic technical solutions such as grid-forming inverters, distributed energy storage, cross-sector interoperability, distributed optimization and climate–energy integrated modelling. 
    more » « less
  3. Abstract

    The Latin America and the Caribbean (LAC) region plays key roles in both meeting global agricultural demands and maintaining carbon sinks due to its abundant land and water resources. In this study we use the Global Change Analysis Model to evaluate the opportunities and challenges posed by two global‐scale drivers: agricultural market integration (i.e., reduction of trade barriers) and land‐based climate mitigation policy. We evaluate their potential individual and combined impacts on agricultural production and trade revenues across LAC's economies through mid‐century, as well as the resulting impacts on agricultural consumers and integrated land‐water‐climate systems across LAC's diverse sub‐regions. Increased global market integration results in increased agricultural production and trade revenues for many LAC economies, driven by their evolving comparative advantages. Climate mitigation measures on CO2and non‐CO2greenhouse gases increase revenues due to increased agricultural prices from land competition and emissions abatement. The combined outcomes from both drivers are complex and sometimes non‐linear, highlighting the importance of understanding the interactions between multiple drivers. Our results show that increased agricultural production and trade opportunities, from either of the two drivers, pose significant trade‐offs that require careful multi‐sectoral planning, such as emissions reduction challenges, potential loss of livestock production when pursuing land‐based climate mitigation strategies, increased consumer expenditures, and changes in land‐use or water withdrawals, resulting in deforestation or water scarcity pressures. There is considerable heterogeneity in economic and environmental outcomes across LAC sub‐regions and agricultural commodities, illustrating the value of considering outcomes at finer scales.

     
    more » « less
  4. Abstract

    Power system resource adequacy (RA), or its ability to continually balance energy supply and demand, underpins human and economic health. How meteorology affects RA and RA failures, particularly with increasing penetrations of renewables, is poorly understood. We characterize large-scale circulation patterns that drive RA failures in the Western U.S. at increasing wind and solar penetrations by integrating power system and synoptic meteorology methods. At up to 60% renewable penetration and across analyzed weather years, three high pressure patterns drive nearly all RA failures. The highest pressure anomaly is the dominant driver, accounting for 20-100% of risk hours and 43-100% of cumulative risk at 60% renewable penetration. The three high pressure patterns exhibit positive surface temperature anomalies, mixed surface solar radiation anomalies, and negative wind speed anomalies across our region, which collectively increase demand and decrease supply. Our characterized meteorological drivers align with meteorology during the California 2020 rolling blackouts, indicating continued vulnerability of power systems to these impactful weather patterns as renewables grow.

     
    more » « less
  5. Abstract

    The UN's Paris Agreement goal of keeping global warming between 1.5 and 2°C is dangerously obsolete and needs to be replaced by a commitment to restore Earth's climate. We now know that continued use of fossil fuels associated with 1.5–2°C scenarios would result in hundreds of millions of pollution deaths and likely trigger multiple tipping elements in the Earth system. Unexpected advances in renewable power production and storage have radically expanded our climate response capacity. The cost of renewable technologies has plummeted at least 30‐year faster than projected, and renewables now dominate energy investment and growth. Thisrenewable revolutioncreates an opportunity and responsibility to raise our climate ambitions. Rather than aiming for climate mitigation—making things less bad—we should commit to climate restoration—a rapid return to Holocene‐like climate conditions where we know humanity and life on Earth can thrive. Based on observed and projected energy system trends, we estimate that the global economy could reach zero emissions by 2040 and potentially return atmospheric CO2to pre‐industrial levels by 2100–2150. However, this would require an intense and sustained rollout of renewable energy and negative emissions technologies on very large scales. We describe these clean electrification scenarios and outline technical and socioeconomic strategies that would increase the likelihood of restoring a Holocene‐like climate in the next 100 years. We invite researchers, policymakers, regulators, educators, and citizens in all countries to share and promote this positive message of climate restoration for human wellbeing and planetary stability.

     
    more » « less