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Simulation of pathways toward low-carbon electricity generation in the Arctic

Simulation of pathways toward low-carbon electricity generation in the Arctic


Title: Simulation of pathways toward low-carbon electricity generation in the Arctic
Author: Witt, Magnus de
Valfells, Ágúst
Larsen, Joan Nymand
Stefánsson, Hlynur   orcid.org/0000-0001-8689-8074
Date: 2022-11-17
Language: English
Scope:
School: School of Humanities
Department: Department of Engineering
Series: Sustainability; 14()
ISSN: 2071-1050
DOI: https://doi.org/10.3390/su142215311
Subject: Arctic energy resources; Electricity; Arctic; Sustainable energy; Sjálfbærni; Rafmagn; Norðurslóðir
URI: https://hdl.handle.net/20.500.11815/3686

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Citation:

Witt , M D , Valfells , Á , Larsen , J N & Stefánsson , H 2022 , ' Simulation of pathways toward low-carbon electricity generation in the Arctic ' , Sustainability , vol. 14 , 15311 . https://doi.org/10.3390/su142215311

Abstract:

This paper examines the various pathways toward energy transition available to remote Arctic communities. Inhabitants of Arctic communities often face significant cost burdens due to high energy prices. Electricity costs are particularly high, due in part to the predominant use of diesel for electricity generation in over 80% of remote Arctic communities. This study examines the different approaches for integrating renewable energy sources, with a focus on the different strategies that might be implemented to finance the energy transition toward greater use of such renewable sources. The high costs associated with project realization in the remote Arctic present special challenges. This study uses a system dynamics model to evaluate the various financing tools available to facilitate the energy transition. The model results indicate that the integration of renewable energy sources has the potential to yield long-term electricity cost savings for the remote Arctic communities in question.

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