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CenSES annual report 2014

23

change mitigation results as an alternative to a single global

carbon market. Each region can in principle design and intro-

duce their own policies independently of each other. Provid-

ed these regional policies are su ciently strong and correctly

timed, a set of independent regional policies seems to give

The results indicate that the fossil production can be phase

out with modest impacts on the transmission grid (the

Carbon Neutral scenario). About 57 GW internal transmission

capacities in the Nordic region and 5 GW capacities between

the Nordic region and Continental Europe are used as

starting point for the analyses (2012 level). The pro table

increases are internally in the Nordic region (GW): Carbon

Neutral: 5, Purely RES: 18.1, European Battery: 10.8 and

European Hub: 18.9. The pro table increases between the

Nordic region and Continental Europe are (GW): European

Battery: 12.2, European Hub: 19.2. Regional and distribution

grids are not included in the analyses.

Figure 1. The NORSTRAT scenarios

Figure 2. Pro table investments in transmission grids

almost as large emissions reductions as a global carbon mar-

ket but at a somewhat higher socio-economic cost (10-15 per

cent higher). This may therefore be a feasible approach in the

absence of a single global agreement and should be consid-

ered for future global climate negotiations.

Sysendammen (Photo Vegard Martinsen)