Does Combined Heat and Power Play the Role of a Bridge in Energy Transition? Evidence from a Cross-Country Analysis
In an era of energy transition involving an increase in renewable energy and a reduction in coal-fired power generation and nuclear power generation, the role of combined heat and power (CHP) as a bridging energy is highly emphasized. This article attempts to look empirically into the impact of incr...
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MDPI AG
2019-02-01
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| Series: | Sustainability |
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| Online Access: | https://www.mdpi.com/2071-1050/11/4/1035 |
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doaj-b94dfaf846f140aeab8d954752b90cac2020-11-25T01:01:11ZengMDPI AGSustainability2071-10502019-02-01114103510.3390/su11041035su11041035Does Combined Heat and Power Play the Role of a Bridge in Energy Transition? Evidence from a Cross-Country AnalysisHyo-Jin Kim0Jeong-Joon Yu1Seung-Hoon Yoo2Department of Energy Policy, Graduate School of Energy & Environment, Seoul National University of Science & Technology, 232 Gongreung-Ro, Nowon-Gu, Seoul 01811, KoreaDepartment of Energy Policy, Graduate School of Energy & Environment, Seoul National University of Science & Technology, 232 Gongreung-Ro, Nowon-Gu, Seoul 01811, KoreaDepartment of Energy Policy, Graduate School of Energy & Environment, Seoul National University of Science & Technology, 232 Gongreung-Ro, Nowon-Gu, Seoul 01811, KoreaIn an era of energy transition involving an increase in renewable energy and a reduction in coal-fired power generation and nuclear power generation, the role of combined heat and power (CHP) as a bridging energy is highly emphasized. This article attempts to look empirically into the impact of increasing the share of renewable energy in total electricity generation on CHP share in total electricity generation in a cross-country context. Data from 35 countries during the period 2009⁻2015 were used, and the least absolute deviations estimator was applied to obtain a more robust parameter estimate. The results showed that a 1%p increase in the share of renewable energy significantly increased the CHP share by 0.87%p. Therefore, the hypothesis that CHP serves as bridge energy in the process of energy transition was established.https://www.mdpi.com/2071-1050/11/4/1035combined heat and powerbridge energyrenewable energycross-country analysisrobust estimator |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
Hyo-Jin Kim Jeong-Joon Yu Seung-Hoon Yoo |
| spellingShingle |
Hyo-Jin Kim Jeong-Joon Yu Seung-Hoon Yoo Does Combined Heat and Power Play the Role of a Bridge in Energy Transition? Evidence from a Cross-Country Analysis Sustainability combined heat and power bridge energy renewable energy cross-country analysis robust estimator |
| author_facet |
Hyo-Jin Kim Jeong-Joon Yu Seung-Hoon Yoo |
| author_sort |
Hyo-Jin Kim |
| title |
Does Combined Heat and Power Play the Role of a Bridge in Energy Transition? Evidence from a Cross-Country Analysis |
| title_short |
Does Combined Heat and Power Play the Role of a Bridge in Energy Transition? Evidence from a Cross-Country Analysis |
| title_full |
Does Combined Heat and Power Play the Role of a Bridge in Energy Transition? Evidence from a Cross-Country Analysis |
| title_fullStr |
Does Combined Heat and Power Play the Role of a Bridge in Energy Transition? Evidence from a Cross-Country Analysis |
| title_full_unstemmed |
Does Combined Heat and Power Play the Role of a Bridge in Energy Transition? Evidence from a Cross-Country Analysis |
| title_sort |
does combined heat and power play the role of a bridge in energy transition? evidence from a cross-country analysis |
| publisher |
MDPI AG |
| series |
Sustainability |
| issn |
2071-1050 |
| publishDate |
2019-02-01 |
| description |
In an era of energy transition involving an increase in renewable energy and a reduction in coal-fired power generation and nuclear power generation, the role of combined heat and power (CHP) as a bridging energy is highly emphasized. This article attempts to look empirically into the impact of increasing the share of renewable energy in total electricity generation on CHP share in total electricity generation in a cross-country context. Data from 35 countries during the period 2009⁻2015 were used, and the least absolute deviations estimator was applied to obtain a more robust parameter estimate. The results showed that a 1%p increase in the share of renewable energy significantly increased the CHP share by 0.87%p. Therefore, the hypothesis that CHP serves as bridge energy in the process of energy transition was established. |
| topic |
combined heat and power bridge energy renewable energy cross-country analysis robust estimator |
| url |
https://www.mdpi.com/2071-1050/11/4/1035 |
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