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Kuik, O. & Fuss, S. (2011). Renewables in the energy market: A financial-technological analysis considering risk and policy options. In: Financial Aspects in Energy: A European Perspective. Eds. Dorsman, A, Westerman, W, Karan, MB, & Arslan, O, Heidelberg: Springer. 10.1007/978-3-642-19709-3_3.
Full text not available from this repository.Abstract
This chapter introduces the most relevant renewable technologies from the European perspective, and provides an analysis of their risk profiles and their advantages and disadvantages in the energy mix. The regulatory frameworks for stimulating investments in renewable energy at both the EU level and in the different member states provide a heterogeneous set of incentives and add an additional source of (policy) uncertainty to potential investors. The analysis starts out with policy at the EU level, and gives examples of how the European policy goals are sought to be realized at the country level. The Spanish experiences with solar feed-in tariffs, for instance, should provide a lesson to the British, for example, who are thinking about heavy subsidies directed at renewables to increase their share in the UK energy mix. A thorough review of these issues from a financial theory perspective provides insights for current and future policymaking.
| Item Type: | Book Section |
|---|---|
| Uncontrolled Keywords: | Energy policy; Portfolio selection; Renewables; Risk and uncertainty; Real options |
| Research Programs: | Ecosystems Services and Management (ESM) Forestry (FOR) |
| Bibliographic Reference: | In: A Dorsman, W Westerman, MB Karan, O Arslan (eds); Financial Aspects in Energy: A European Perspective; Springer, Heidelberg, Germany pp.33-50 |
| Related URLs: | |
| Depositing User: | IIASA Import |
| Date Deposited: | 15 Jan 2016 08:45 |
| Last Modified: | 27 Aug 2021 17:39 |
| URI: | https://pure.iiasa.ac.at/9692 |
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