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Applying endogenous learning models in energy system optimization

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arxiv 2106.06373 v1 pith:BVIW3BZ6 submitted 2021-06-11 econ.GN q-fin.EC

classification econ.GNq-fin.EC
keywords energylearningsystemmodelsaccuratecosteffectsendogenous
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Conventional energy production based on fossil fuels causes emissions which contribute to global warming. Accurate energy system models are required for a cost-optimal transition to a zero-emission energy system, an endeavor that requires an accurate modeling of cost reductions due to technological learning effects. In this review, we summarize common methodologies for modeling technological learning and associated cost reductions. The focus is on learning effects in hydrogen production technologies due to their importance in a low-carbon energy system, as well as the application of endogenous learning in energy system models. Finally, we present an overview of the learning rates of relevant low-carbon technologies required to model future energy systems.

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