Rational exuberance for renewable energy: an economic analysis

Rational Exuberance for Renewable Energy is a beyond-the-hype account of the underlying issues that encourage or plague widespread dissemination of renewable energy (RE) technologies.á Renewable energy operates in the real world, andit cannot be assumed that the conventional theories and incentive structures of economics and business do not apply.á The author argues that grants and subsidies could be provided to support research, development and technology improvement efforts, but should not be employed as an instrument of state policy tointervene in specific markets.á It is important to recognize that although investors often demonstrate an appetite for market risk, they find technology risks and policy uncertainty much less appealing. Rational Exuberance for Renewable Energy blends classical economic theory with the everyday realities of theRE industry to identify incentive structures contributing to the success – orotherwise – of project implementation involving renewable sources and appropriate technologies. The book is a compilation of articles that analyze individual RE technologies, and offer multiple perspectives of the RE industry and markets. Rational Exuberance for Renewable Energy is intended for policy makers, advanced students of energy economics and sustainable development, and for potential mainstream investors. Analyzes incentive structures for project implementation involving renewable sources. Includes full details of sources of further information. Addressesthe issues preventing widespread dissemination of RE technologies. INDICE: 1. Infant Industry and Incentive Structures. 2. Renewable Energy Technology: Market Development, Subsidy Policy and the Enlargement of Choice.-á3. Economic Rents and the Power of Scarcity. 4. Revealed Preferences and the Power of Substitutes. 5. Mapping Development Policy on to the Life Cycle. 6. Accounting for the Environmental Externality. 7. Microfinance: Taking RE to the 'Former Poor'. 8. Epilogue: Rational Exuberance for Renewable Energy.

• ISBN: 978-0-85729-211-7
• Editorial: Springer London
• Encuadernacion: Cartoné
• Páginas: 174
• Fecha Publicación: 01/02/2011
• Nº Volúmenes: 1
• Idioma: Inglés