Defining the value of bioenergy system services for accelerating the integration of bioenergy into a low-carbon economy
IEA Bioenergy TCP’s Task 44 Flexible Bioenergy and System Integration aims at creating a clear picture of status of and opportunities for flexible bioenergy. Particularly important roles that bioenergy can play in the global energy and climate system include 1) enabling increased share of variable renewable energy in the electricity mix through provision of flexibility (namely, Flexible Bioenergy), 2) accelerating the uptake of hydrogen, and 3) generating negative emissions and carbon-neutral products. These energy and climate system services provided by bioenergy support the transition towards a low-carbon energy system and economy.
Valorization of these system services requires quantification of their (economic) value for the system. Being able to quantify and having a value assigned for these system services will help to design better public policies for accelerating the integration and deployment of bioenergy concepts. For this, Task 44 develops a valorisation framework and looks into the questions, inter alia, on how to define the value, which indicators should be used, and what are the relations between the different services.
Considerations on the topic were presented at the 31st European Biomass Conference and Exhibition in an oral presentation.