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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.
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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.
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- Award ID(s):
- 1855982
- PAR ID:
- 10215001
- Date Published:
- Journal Name:
- Nature Communications
- Volume:
- 12
- Issue:
- 1
- ISSN:
- 2041-1723
- Format(s):
- Medium: X
- Sponsoring Org:
- National Science Foundation
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- Free Publicly Accessible Full Text
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Accepted Manuscript
- Journal Article:
- https://doi.org/10.1038/s41467-021-21502-y
