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    Renewable Forms of Energy

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    SECU Luis López
    The document discusses two articles that analyze renewable energy from different perspectives. The first article critically reviews Germany's renewable energy policies and subsidies, arguing they have failed to ensure cost-effective renewable energy introduction. The second article addresses how internalizing external fossil fuel costs could make some renewable technologies financially competitive with coal, and discusses policy to hasten this transition.

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    Renewable Forms of Energy

    Uploaded by

    SECU Luis López
    17 views2 pages
    The document discusses two articles that analyze renewable energy from different perspectives. The first article critically reviews Germany's renewable energy policies and subsidies, arguing they have failed to ensure cost-effective renewable energy introduction. The second article addresses how internalizing external fossil fuel costs could make some renewable technologies financially competitive with coal, and discusses policy to hasten this transition.

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    Renewable forms of energy

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    Renewable forms of energy

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    The document discusses two articles that analyze renewable energy from different perspectives. The first article critically reviews Germany's renewable energy policies and subsidies, arguing they have failed to ensure cost-effective renewable energy introduction. The second article addresses how internalizing external fossil fuel costs could make some renewable technologies financially competitive with coal, and discusses policy to hasten this transition.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    17 views2 pages

    Renewable Forms of Energy

    Uploaded by

    SECU Luis López
    The document discusses two articles that analyze renewable energy from different perspectives. The first article critically reviews Germany's renewable energy policies and subsidies, arguing they have failed to ensure cost-effective renewable energy introduction. The second article addresses how internalizing external fossil fuel costs could make some renewable technologies financially competitive with coal, and discusses policy to hasten this transition.

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    Against

    Economic impacts from the promotion of renewable energy technologies: The German
    experience

    Author links open overlay panelManuelFrondel1NolanRitterChristoph M.Schmidt1ColinVance2

    https://doi.org/10.1016/j.enpol.2010.03.029Get rights and content

    Abstract

    The allure of an environmentally benign, abundant, and cost-effective energy source has led an
    increasing number of industrialized countries to back public financing of renewable energies.
    Germany’s experience with renewable energy promotion is often cited as a model to be replicated
    elsewhere, being based on a combination of far-reaching energy and environmental laws that
    stretch back nearly two decades. This paper critically reviews the centerpiece of this effort, the
    Renewable Energy Sources Act (EEG), focusing on its costs and the associated implications for job
    creation and climate protection. We argue that German renewable energy policy, and in particular
    the adopted feed-in tariff scheme, has failed to harness the market incentives needed to ensure a
    viable and cost-effective introduction of renewable energies into the country’s energy portfolio. To
    the contrary, the government’s support mechanisms have in many respects subverted these
    incentives, resulting in massive expenditures that show little long-term promise for stimulating the
    economy, protecting the environment, or increasing energy security.

    Renewable energy: Externality costs as market barriers

    Anthony D.Owen

    https://doi.org/10.1016/j.enpol.2005.11.017

    Abstract

    This paper addresses the impact of environmentally based market failure constraints on the
    adoption of renewable energy technologies through the quantification in financial terms of the
    externalities of electric power generation, for a range of alternative commercial and almost-
    commercial technologies. It is shown that estimates of damage costs resulting from combustion of
    fossil fuels, if internalised into the price of the resulting output of electricity, could lead to a
    number of renewable technologies being financially competitive with generation from coal plants.
    However, combined cycle natural gas technology would have a significant financial advantage over
    both coal and renewables under current technology options and market conditions. On the basis
    of cost projections made under the assumption of mature technologies and the existence of
    economies of scale, renewable technologies would possess a significant social cost advantage if
    the externalities of power production were to be “internalised”. Incorporating environmental
    externalities explicitly into the electricity tariff today would serve to hasten this transition process.
    Favor
    Transforming the energy sector: the evolution of technological systems in renewable energy
    technology

    Staffan Jacobsson Anna Bergek

    Industrial and Corporate Change, Volume 13, Issue 5, 1 October 2004, Pages 815–849,
    https://doi.org/10.1093/icc/dth032

    Published: 01 October 2004

    Abstract

    This paper analyses the development and diffusion of technologies that utilize renewable energy
    sources in Germany, Sweden and the Netherlands. The analysis enlarges the life cycle model of
    industry evolution to one where the focus is on the formation and evolution of new technological
    systems. Particular focus is on explaining success and failures in shifting from a formative phase
    into one characterized by positive feedbacks. A set of challenges is identified for policy makers
    attempting to influence the process of transforming the energy sector.

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