Transforming Türkiye's Power System: an Assessment of Economic, Social, and External Impacts of an Energy Transition by 2030

dc.authorscopusid 55222012500
dc.authorscopusid 26321121200
dc.authorscopusid 55682897300
dc.authorscopusid 44661941300
dc.authorscopusid 58809595400
dc.authorscopusid 6602826996
dc.contributor.author Acar,S.
dc.contributor.author Yeldan, Alp Erinç
dc.contributor.author Kat,B.
dc.contributor.author Rogner,M.
dc.contributor.author Saygin,D.
dc.contributor.author Taranto,Y.
dc.contributor.author Yeldan,A.E.
dc.contributor.other Economics
dc.date.accessioned 2024-06-23T21:38:47Z
dc.date.available 2024-06-23T21:38:47Z
dc.date.issued 2023
dc.department Kadir Has University en_US
dc.department-temp Acar S., Bogazici University, Hisar Kampus, Bebek, Istanbul, Turkey; Kat B., Middle East Technical University, Üniversiteler Mahallesi, Dumlupınar Bulvarı No: 1, Cankaya, Ankara, Turkey; Rogner M., Agora Energiewende, Anna-Louisa-Karsch-Str. 2, Berlin, 10178, Germany; Saygin D., SHURA Energy Transition Center, Bankalar Cad. Minerva Han, No: 2, Karakoy, Istanbul, Turkey, Faculty of Engineering and Natural Sciences, Sabanci University, Orta Mah. Tuzla, Istanbul, Turkey; Taranto Y., SHURA Energy Transition Center, Bankalar Cad. Minerva Han, No: 2, Karakoy, Istanbul, Turkey, Faculty of Engineering and Natural Sciences, Sabanci University, Orta Mah. Tuzla, Istanbul, Turkey; Yeldan A.E., Kadir Has University, Kadir Has Cad., Cibali, Istanbul, Turkey en_US
dc.description.abstract Türkiye has the long-term goal of transforming its power system to one that is cleaner, more secure and more affordable. According to this paper's scenario analyses, low-cost renewables can supply 55% of Türkiye's total electricity demand. Coupled with the electrification of end-use sectors, energy efficiency can reduce total power demand by 10% compared to a business as usual scenario by 2030. The paper assesses the social, economic, and environmental impacts of this transformation by soft linking a power system model with an applied computable general equilibrium model, using an updated input and output dataset, and employing a novel analysis of job creation and fossil fuel externalities. The power system transformation significantly improves social welfare with net socioeconomic benefits estimated at 1% of GDP by 2030. Positive impacts include a reduction in human health and climate change externalities by a third, which are further enhanced by wage income growth that is driven by higher skilled and better paid jobs. A carbon tax emerges as a critical instrument to realize these benefits whilst reducing the power sector's emissions to 2030. The assessment should be expanded with more ambitious clean energy technology deployment for the entire energy system to operationalize Türkiye's Paris-aligned 2053 net-zero emission target and just transition policies. © 2023 en_US
dc.description.sponsorship Bogazici University; Hector Politt; Ministry for Economy Affairs and Climate Action; Philipp Godron; Ankara Universitesi; European Environment Agency, EEA; Ministry of Environment, MOE; Agora Energiewende en_US
dc.identifier.citationcount 1
dc.identifier.doi 10.1016/j.cles.2023.100064
dc.identifier.issn 2772-7831
dc.identifier.scopus 2-s2.0-85182151565
dc.identifier.uri https://doi.org/10.1016/j.cles.2023.100064
dc.identifier.uri https://hdl.handle.net/20.500.12469/5829
dc.identifier.volume 4 en_US
dc.language.iso en en_US
dc.publisher Elsevier B.V. en_US
dc.relation.ispartof Cleaner Energy Systems en_US
dc.relation.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı en_US
dc.rights info:eu-repo/semantics/openAccess en_US
dc.scopus.citedbyCount 8
dc.subject Computable general equilibrium model en_US
dc.subject Energy transition en_US
dc.subject Social and economic impacts en_US
dc.subject Transition benefits en_US
dc.title Transforming Türkiye's Power System: an Assessment of Economic, Social, and External Impacts of an Energy Transition by 2030 en_US
dc.type Article en_US
dspace.entity.type Publication
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