Energy fund for integrated energy resource management

We modify the previous scenario of an energy fund by spending the revenues not only on energy efficiency projects on the demand side but also on supply-side measures. These activities would propagate the utilization of renewable energy resources. A typical example would be the use of biomass in high efficiency technologies, e.g. by converting biomass to gas which is used in cogeneration technologies together with heat pumps. These policies would save imported fossil fuels and would increase the efficiency of energy supply.

Our simulations indicate that this integrated resource management scenario will generate between 20,000 and 40,000 new jobs over the first five years. The impact of the policy is mainly the substitution of imported energy by domestic renewable resources. Thus the substitution of energy flows is smaller than in the previous scenario.

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