3 results on '"Priyanshi Somani"'
Search Results
2. No COVID-19 climate silver lining in the US power sector
- Author
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Stephen J. Lee, Priyanshi Somani, Turner Cotterman, Dhruv Suri, and Max Luke
- Subjects
FOS: Computer and information sciences ,Physics - Physics and Society ,Fossil Fuels ,General Economics (econ.GN) ,Coronavirus disease 2019 (COVID-19) ,Power station ,Natural resource economics ,Science ,Climate ,FOS: Physical sciences ,General Physics and Astronomy ,Physics and Society (physics.soc-ph) ,Statistics - Applications ,Energy and society ,General Biochemistry, Genetics and Molecular Biology ,Energy policy ,Article ,FOS: Economics and business ,Electricity ,medicine ,Humans ,Applications (stat.AP) ,Coal ,Energy economics ,Economics - General Economics ,Air Pollutants ,Multidisciplinary ,business.industry ,SARS-CoV-2 ,Fossil fuel ,COVID-19 ,General Chemistry ,Seasonality ,Carbon Dioxide ,medicine.disease ,United States ,Environmental science ,business ,Power Plants - Abstract
Recent studies conclude that the global coronavirus (COVID-19) pandemic decreased power sector CO$_2$ emissions globally and in the United States. In this paper, we analyze the statistical significance of CO2 emissions reductions in the U.S. power sector from March through December 2020. We use Gaussian process (GP) regression to assess whether CO2 emissions reductions would have occurred with reasonable probability in the absence of COVID-19 considering uncertainty due to factors unrelated to the pandemic and adjusting for weather, seasonality, and recent emissions trends. We find that monthly CO2 emissions reductions are only statistically significant in April and May 2020 considering hypothesis tests at 5% significance levels. Separately, we consider the potential impact of COVID-19 on coal-fired power plant retirements through 2022. We find that only a small percentage of U.S. coal power plants are at risk of retirement due to a possible COVID-19-related sustained reduction in electricity demand and prices. We observe and anticipate a return to pre-COVID-19 CO2 emissions in the U.S. power sector., Comment: 13 pages, 6 figures, preprint
- Published
- 2020
3. Reduced renewable energy stability in India following COVID-19: Insights and key policy recommendations
- Author
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Priyanshi Somani, Jai Shekhar, Mahika Arora, Dhruv Suri, and Stephen J. Lee
- Subjects
Consumption (economics) ,Government ,Renewable Energy, Sustainability and the Environment ,business.industry ,Natural resource economics ,020209 energy ,Subsidy ,Energy mix ,02 engineering and technology ,Energy consumption ,Investment (macroeconomics) ,Private sector ,Renewable energy ,0202 electrical engineering, electronic engineering, information engineering ,business - Abstract
The COVID-19 pandemic has dramatically altered global energy consumption, particularly affecting investment in renewable energy projects. In India, strict shelter-in-place orders enforced during March 2020 have since led to a considerable change in public and private sector investments in planned renewable energy installations. In this paper, we attempt to highlight trends in energy consumption and installed renewable energy capacity noted in India during a period concurrent with the shelter-in-place orders. We discuss recent policy measures and additions to installed renewable energy capacity, and propose key policy recommendations that may help the sector adopt a growth trajectory similar to one noted pre-pandemic. This paper is organized into four main parts. In the first section, we draw focus to India's renewable energy policies and pay special emphasis on recent interventions and campaigns targeted towards achieving high growth rates in the sector. We briefly discuss the need for effective public-private partnerships in order to meet these targets. In the second part, we quantitatively characterise the growth of renewables in India. We present an overview of several mechanisms and missions the government has launched in line with their policy to mitigate the environmental impact of India's energy mix. In the third part, we analyse the decrease in electricity demand in India from 24 March to 30 June 2020, a period concurrent with shelter-at-home orders issued by the Government. We also characterise changes in installed renewable energy capacity between March to December 2016–2020 to provide causal evidence of the effect of the pandemic on the growth of renewables. In this section, we also compile and analyse data on state-wise stressed assets across renewable energy generators in the country. Lastly, in the fourth and final portion of this paper, we highlight policy recommendations that may help the sector overcome logistical and financial bottlenecks in the short-term. We do this with the hope of outlining key measures that decision makers may employ to achieve pre-COVID sectoral growth in the long term. Our recommendations cover three different policy instruments: investment subsidies, operational subsidies, and recommendations for DISCOMs.
- Published
- 2020
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