Browsing by Author "Bento, Nuno"
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- Technological Innovations in Decarbonisation Strategies: A Text-Mining Approach to Technological Readiness and PotentialPublication . Costa, Paulo Moisés; Duarte, Antonio; Tomé, Paulo; Bento, Nuno; Fontes, MargaridaThis study presents a novel, multifaceted approach to evaluating decarbonisation technologies by integrating advanced text-mining tools with comprehensive data analysis. The analysis of scientific documents (2011–2021) and mapping 368 technologies from the IEA’s Energy Technology Perspectives identified 41 technology domains, including 20 with the highest relevance and occurrence. Domain readiness was assessed using mean Technology Readiness Levels (TRLs) and linked to six decarbonisation pathways. The “Electrification of uses” pathway ranked highest, demonstrating significant CO2 mitigation potential and high readiness (mean TRL 7.4, with two-thirds of technologies scoring over 7) despite challenges in hard-to-electrify sectors. The findings provide actionable insights for policymakers, highlighting the need for pathway-specific strategies, a deeper understanding of synergies between pathways, and balancing innovation with deployment to accelerate decarbonisation.
- The Impact of Regulation on a Firm's Incentives to Invest in Emergent Smart Grid TechnologiesPublication . Costa, Paulo Moisés; Bento, Nuno; Marques, VítorThis paper analyzes the implementation of new technologies in network industries through the development of a suitable regulatory scheme. The analysis focuses on Smart Grid (SG) technologies which, among others benefits, could save operational costs and reduce the need for further conventional investments in the grid. In spite of the benefits that may result from their implementation, the adoption of SGs by network operators can be hampered by the uncertainties surrounding actual performances. A decision model has been developed to assess the firms' incentives to invest in "smart" technologies under different regulatory schemes. The model also enables testing the impact of uncertainties on the reduction of operational costs, and of conventional investments. Under certain circumstances, it may be justified to support the development and early deployment of emerging innovations that have a high potential to ameliorate the efficiency of the electricity system, but whose adoption faces many uncertainties.
- The Smart Paradox : Stimulate the deployment of Smart grids with effective regulatory instrumentsPublication . Marques, Vítor; Bento, Nuno; Costa, Paulo MoisésThe concept of SG (Smart Grids) encompasses a set of technologies that raise the intelligence of the electrical networks, such as smart meters or instruments of communication, sensing and auto-correction of networks. Nevertheless, the cost is still an important obstacle for the transformation of the current electricity system into a smarter one. Regulation can have an important role in setting up a favorable framework that fosters investments. However, the novelty with SG is the disembodied character of the technology, which may change the incentives of the regulated network companies to invest, affecting the effectiveness of the regulatory instruments (“cost plus” or “price cap”). This paper demonstrates that the solution to this “Smart” paradox requires strong incentive regulation mechanisms able to stimulate the adoption of SG technologies. Moreover, the regulation should not jeopardize conventional investments that are unable to be substituted by SG. Thus, a combination of performance regulation and efficiency obligations may be necessary.