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plutus: An R package to calculate electricity investments and stranded assets from the Global Change Analysis Model (GCAM)

Journal Article · · Journal of Open Source Software
DOI:https://doi.org/10.21105/joss.03212· OSTI ID:1925229
 [1];  [2];  [3];  [2];  [1];  [2];  [2];  [2];  [4];  [2]
  1. University of Maryland, College Park, MD (United States)
  2. Pacific Northwest National Laboratory (PNNL), Richland, WA (United States). Joint Global Change Research Institute
  3. University of Maryland, College Park, MD (United States); Pacific Northwest National Laboratory (PNNL), Richland, WA (United States). Joint Global Change Research Institute
  4. Pacific Northwest National Laboratory (PNNL), Richland, WA (United States). Joint Global Change Research Institute; University of Maryland, College Park, MD (United States)
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plutus is an R package that post-processes outputs from the Global Change Analysis Model (GCAM) to calculate the power sector capital investment costs and stranded asset costs associated with GCAM projections of electricity generation by technology. GCAM is a market equilibrium model used to examine the dynamics of the coupled human-Earth system and the response of this system to global change, including socioeconomics, technology, climate, and policy. GCAM tracks electricity generation by technology and vintage over 32 geopolitical regions throughout the lifetime of each generating technology. plutus extends GCAM functionality by (1) estimating the foregone economic value of prematurely retired power plants as a result of economic-induced retirements compared to scheduled lifetimes; and (2) estimating the new installations and capital investments driven by future changes in economic, energy, agriculture, and land-use systems in GCAM.
Research Organization:
Pacific Northwest National Laboratory (PNNL), Richland, WA (United States)
Sponsoring Organization:
National Science Foundation (NSF); USDOE Office of Science (SC)
Grant/Contract Number:
AC05-76RL01830
OSTI ID:
1925229
Report Number(s):
PNNL-SA-162209
Journal Information:
Journal of Open Source Software, Journal Name: Journal of Open Source Software Journal Issue: 65 Vol. 6; ISSN 2475-9066
Publisher:
Open Source Initiative - NumFOCUSCopyright Statement
Country of Publication:
United States
Language:
English

References (9)

US energy system transitions under cumulative emissions budgets journal February 2020
Climate impacts on hydropower and consequences for global electricity supply investment needs journal December 2017
Power sector investment implications of climate impacts on renewable resources in Latin America and the Caribbean journal February 2021
Impacts of long-term temperature change and variability on electricity investments journal March 2021
Measuring progress from nationally determined contributions to mid-century strategies journal November 2017
Energy investment needs for fulfilling the Paris Agreement and achieving the Sustainable Development Goals journal June 2018
Stranded asset implications of the Paris Agreement in Latin America and the Caribbean journal April 2020
GCAM v5.1: representing the linkages between energy, water, land, climate, and economic systems journal January 2019
Metis – A Tool to Harmonize and Analyze Multi-Sectoral Data and Linkages at Variable Spatial Scales journal January 2020

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Related Subjects

97 MATHEMATICS AND COMPUTING