Verdolini Elena, Vona Francesco, Popp David

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This paper discusses the role of fossil-based power generation technologies in supporting renewable energy investments. It studies the deployment of these two technologies conditional on all other drivers in 26 OECD countries between 1990 and 2013. It shows that a 1% percent increase in the share of fast-reacting fossil generation capacity is associated with a 0.88% percent increase in renewable in the long run. The analysis points to the substantial indirect costs of renewable energy integration and highlights the complementarity of investments in different generation technologies for a successful decarbonization process.