TY - GEN A1 - Genge, Lucien A1 - Scheller, Fabian A1 - Müsgens, Felix T1 - Supply costs of green chemical energy carriers at the European border: A meta-analysis T2 - International Journal of Hydrogen Energy N2 - Importing green chemical energy carriers is crucial for meeting European climate targets. However, estimating the costs of supplying these energy carriers to Europe remains challenging, leading to a wide range of reported supply-cost estimates. This study analyzes the estimated supply costs of green chemical energy carriers at the European border using a dataset of 1050 data points from 30 studies. The results reveal significant variations in supply costs, with a projected four-fold difference in 2030 and a five-fold difference in 2050 across all energy carriers. The main drivers of cost differences are varying production costs, particularly influenced by the weighted average costs of capital and capital expenditures of renewable energy sources, electrolyzers, and carrier-specific conversion processes. Transport costs also contribute to variations, mainly influenced by the choice of energy carrier and the weighted average costs of capital. To optimize cost-efficiency and sustainability in the chemical energy carrier sector, this paper recommends prioritizing transparency and sensitivity analyses of key input parameters, classifying energy carriers based on technological and economic status, and encouraging research and development to reduce production costs. KW - Green chemical energy carriers KW - Hydrogen derivates KW - Hydrogen supply costs KW - Hydrogen production costs KW - Hydrogen transportation costs KW - Meta-analysis Y1 - 2023 U6 - https://doi.org/10.1016/j.ijhydene.2023.06.180 SN - 0360-3199 VL - 48 IS - 98 SP - 38766 EP - 38781 ER - TY - GEN A1 - Möbius, Thomas A1 - Riepin, Iegor A1 - Müsgens, Felix A1 - van der Weijde, Adriaan H. T1 - Risk aversion and flexibility options in electricity markets T2 - Energy Economics N2 - Investments in electricity transmission and generation capacity must be made despite significant uncertainty about the future developments. The sources of this uncertainty include, among others, the future levels and spatiotemporal distribution of electricity demand, fuel costs and future energy policy. In recent years, these uncertainties have increased due to the ongoing evolution of supply- and demand-side technologies and rapid policy changes designed to encourage a transition to low-carbon energy systems. Because transmission and generation investments have long lead times and are difficult to reverse, they are subject to a considerable – and arguably growing – amount of risk. KW - Flexibility KW - Storage KW - Demand response KW - Generation and transmission KW - expansion KW - Investment KW - Risk aversion KW - Stochastic programming Y1 - 2023 SN - 0140-9883 SN - 1873-6181 VL - 126 ER - TY - GEN A1 - Hoffmann, Christin A1 - Ziemann, Niklas A1 - Penske, Franziska A1 - Müsgens, Felix T1 - The value of secure electricity supply for increasing acceptance of green hydrogen - First experimental evidence from the virtual reality lab T2 - 19th International Conference on the European Energy Market (EEM), 06-08 June 2023, Lappeenranta, Finland N2 - To unlock the high potential of green hydrogen in reaching the ambitious 1.5 °C goal declared by the Paris Agreement, enormous (public) investments are needed. Social acceptance of these investments is required in order to implement hydrogen technologies as fast and efficiently as possible. This study investigates which benefits associated with green hydrogen foster its social acceptance. Using a between-subject design, we implement two different treatments. Both treatments have in common that the participants experience the transformation into a hydrogen economy in a virtual reality scenario. In "Info Security of Supply", we provide the participants information about the benefits of green hydrogen regarding the security of energy supply and climate protection. In Control, we inform them only about the benefits of climate protection. Subsequently, the participants decide about the financial support of a hydrogen project. Our preliminary results show a higher support if the focus is solely on the positive impact of green hydrogen for climate protection. Y1 - 2023 UR - https://ieeexplore.ieee.org/abstract/document/10161844 SN - 979-8-3503-1258-4 SN - 979-8-3503-2452-5 U6 - https://doi.org/10.1109/EEM58374.2023.10161844 SN - 2165-4093 ER - TY - GEN A1 - Hoffmann, Christin A1 - Jalbout, Eddy A1 - Villanueva, Monica A1 - Batz Liñeiro, Taimyra A1 - Müsgens, Felix T1 - Positive and Negative Externalities from Renewable and Conventional Power Plants in the Backyard: The Value of Participation T2 - SSRN eLibrary N2 - We quantify the net external effects of conventional and renewable electricity generators by analyzing housing prices in their vicinity. Using a Differences-in-Differences approach, we find that (1) wind turbines reduce prices significantly, (2) solar fields have no significant impact, and (3) conventional plants over 1 km away show positive net effects. We set out to explain this result by disentangling the positive local external effects of energy generation, which we measure in terms of local purchasing power and tax revenues. Our results show that the commissioning of conventional power stations results in a significant increase in both purchasing power and business tax income in the vicinity. We thus conclude that significant financial participation of the local public in the development of renewable energy projects, especially wind turbines, could be key to increasing their acceptance and accelerating their expansion. KW - Renewable energy KW - Conventional power plants KW - Hedonic valuation KW - Difference-in-Differences KW - Wind turbines KW - Solar fields KW - Financial participation KW - Acceptance Y1 - 2022 U6 - https://doi.org/10.2139/ssrn.4203184 SN - 1556-5068 SP - 1 EP - 33 ER - TY - GEN A1 - Batz Liñeiro, Taimyra A1 - Müsgens, Felix T1 - Evaluating the German onshore wind auction programme: An analysis based on individual bids T2 - Energy Policy N2 - Auctions are a highly demanded policy instrument for the promotion of renewable energy sources. Their flexible structure makes them adaptable to country-specific conditions and needs. However, their success depends greatly on how those needs are operationalised in the design elements. Disaggregating data from the German onshore wind auction programme into individual projects, we evaluated the contribution of auctions to the achievement of their primary (deployment at competitive prices) and secondary (diversity) objectives and have highlighted design elements that affect the policy's success or failure. We have shown that, in the German case, the auction scheme is unable to promote wind deployment at competitive prices, and that the design elements used to promote the secondary objectives not only fall short at achieving their intended goals, but create incentives for large actors to game the system. KW - Renewable energy KW - Auction KW - Wind KW - Onshore KW - Community energy KW - companies KW - Germany Y1 - 2023 U6 - https://doi.org/10.1016/j.enpol.2022.113317 SN - 1873-6777 SN - 0301-4215 VL - 172 ER - TY - GEN A1 - Hoffmann, Christin A1 - Byrukuri Gangadhar, Shanmukha Srinivas A1 - Müsgens, Felix T1 - Smells Like Green Energy - Quasi-Experimental Evidence on the Impact of Bioenergy Production on Residential Property Values T2 - SSRN eLibrary N2 - Residents' acceptance of bioenergy is a prerequisite for its fast and efficient development but is ambiguously discussed in practice and research. We interpret a causal impact of bioenergy plant commissioning on housing prices in their vicinity as the average net external effects for residents. We utilize bioenergy plant construction data in Germany between 2007 and 2022 as a quasi-experiment with naturally occurring control groups in their vicinity and apply recently improved difference-in-difference estimation procedures to analyze instantaneous and heterogeneous treatment effects. We find a significant and negative impact on housing prices if plants use gaseous biofuel, generate electricity on-site, and are medium-sized. The magnitude of the effect is comparable to those for solar fields. In contrast, we find no impact for small and large bioenergy plants and those that use solid or liquid biofuels. KW - Bioenergy KW - Local acceptance KW - differences-in-differences KW - Hedonic pricing Y1 - 2024 U6 - https://doi.org/10.2139/ssrn.4760312 SN - 1556-5068 SP - 1 EP - 26 ER - TY - GEN A1 - Hoffmann, Christin A1 - Thommes, Kirsten T1 - Clear Roads and Dirty Air? Indirect effects of reduced private traffic congestion on emissions from heavy traffic T2 - Journal of Cleaner Production Y1 - 2022 U6 - https://doi.org/10.1016/j.jclepro.2022.135053 SN - 0959-6526 VL - 381,2 ER - TY - GEN A1 - Shahzad, Umer A1 - Tiwari, Sunil A1 - Si Mohammed, Kamel A1 - Zenchenko, Svetlana T1 - Asymmetric nexus between renewable energy, economic progress, and ecological issues: Testing the LCC hypothesis in the context of sustainability perspective T2 - Gondwana Research N2 - This paper examines the load capacity curve hypothesis by the tourism and renewable energy from top tourism economies in the World. We employ the data from 2000 to 2020 and applied the panel GMM and panel quantile regression to arrive at our empirical findings. The results of the two models demonstrate the non-validity of the Load Capability Curve (LCC) hypothesis and the significant role of touristic arrival (TRA) and greener energy consumption (GEC) on the load capacity factor (LCP) by contrasting the ecological footprint per capita and bio-capacity. Furthermore, renewable and clean energy is recommended to address air pollution and climatic vulnerability. Thus, the empirical results of the current study provide acumens for policymakers of top tourism economies to consume green innovation technologies to counterbalance the environmental and socio-economic issues induced by the tourism sector without halting economic growth and sustainable tourism development. The study discusses policy-related implications for sustainable development. Y1 - 2023 UR - https://www.sciencedirect.com/science/article/pii/S1342937X23001995 U6 - https://doi.org/10.1016/j.gr.2023.07.008 SN - 1342-937X VL - 129(2024) SP - 465 EP - 475 ER - TY - GEN A1 - Hoffmann, Christin A1 - Thommes, Kirsten T1 - Can leaders motivate employees' energy-efficient behavior with thoughtful communication? T2 - Journal of Environmental Economics and Management N2 - We study the effect of an employer’s communication concerning energy-efficient behavior on a firm’s employees’ behavioral responses. The management aims to enhance energy-efficient behavior performance by irregularly sending online messages to remote employees. We break down each message, analyzing the positive or negative emotions conveyed, collective or individual orientation, and ease of language. Comparing employees’ daily energy efficiency after receiving a message to their daily performance without a previous message, we find that messages generally result in an immediate increase in efficiency. Messages conveying negative emotions and those making a distinction between the manager and the employees have a smaller effect than messages conveying positive emotions and emphasizing a collective orientation that includes both the management and employees. Additionally, shorter messages are more likely to induce improved efficiency. Sending messages significantly impacts driver performance for up to six days after the message, resulting in economically relevant cost reductions. KW - Energyefficiency KW - Energy Economics KW - Employee Motivation KW - Communication KW - Natural Language Processing Tools Y1 - 2024 UR - https://www.sciencedirect.com/science/article/pii/S0095069624000640?via%3Dihub U6 - https://doi.org/10.1016/j.jeem.2024.102990 SN - 0095-0696 VL - 125 SP - 1 EP - 24 ER -