Witt, Magnus deValfells, ÁgústLarsen, Joan NymandStefánsson, Hlynur2025-11-142025-11-142022-11-17Witt, M D, Valfells, Á, Larsen, J N & Stefánsson, H 2022, 'Simulation of pathways toward low-carbon electricity generation in the Arctic', Sustainability, vol. 14, no. 22, 15311. https://doi.org/10.3390/su1422153112071-1050675662585f81e08e-7721-4b6f-9f80-87e9130fa603ORCID: /0000-0001-6207-9939/work/12309742085143829841https://hdl.handle.net/20.500.11815/5819Publisher Copyright: © 2022 by the authors.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.3309369eninfo:eu-repo/semantics/openAccessArctic energyenergy financingenergy transitionsustainable energysystem dynamicsComputer Science (miscellaneous)Environmental Science (miscellaneous)Geography, Planning and DevelopmentEnergy Engineering and Power TechnologyHardware and ArchitectureManagement, Monitoring, Policy and LawBuilding and ConstructionComputer Networks and CommunicationsRenewable Energy, Sustainability and the Environment/dk/atira/pure/researchoutput/researchoutputtypes/contributiontojournal/article10.3390/su142215311