Promoting electricity from renewable energy sources -- lessons learned from the EU, U.S. and Japan

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The promotion of electricity generated from Renewable Energy Sources (RES) has recently gained high priority in the energy policy strategies of many countries in response to concerns about global climate change, energy security and other reasons. This chapter compares and contrasts the experience of a number of countries in Europe, states in the US as well as Japan in promoting RES, identifying what appear to be the most successful policy measures. Clearly, a wide range of policy instruments have been tried and are in place in different parts of the world to promote renewable energy technologies. The design and performance ... continued below

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Haas, Reinhard; Meyer, Niels I.; Held, Anne; Finon, Dominique; Lorenzoni, Arturo; Wiser, Ryan et al. June 1, 2007.

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Description

The promotion of electricity generated from Renewable Energy Sources (RES) has recently gained high priority in the energy policy strategies of many countries in response to concerns about global climate change, energy security and other reasons. This chapter compares and contrasts the experience of a number of countries in Europe, states in the US as well as Japan in promoting RES, identifying what appear to be the most successful policy measures. Clearly, a wide range of policy instruments have been tried and are in place in different parts of the world to promote renewable energy technologies. The design and performance of these schemes varies from place to place, requiring further research to determine their effectiveness in delivering the desired results. The main conclusions that can be drawn from the present analysis are: (1) Generally speaking, promotional schemes that are properly designed within a stable framework and offer long-term investment continuity produce better results. Credibility and continuity reduce risks thus leading to lower profit requirements by investors. (2) Despite their significant growth in absolute terms in a number of key markets, the near-term prognosis for renewables is one of modest success if measured in terms of the percentage of the total energy provided by renewables on a world-wide basis. This is a significant challenge, suggesting that renewables have to grow at an even faster pace if we expect them to contribute on a significant scale to the world's energy mix.

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  • Report No.: LBNL-218E
  • Grant Number: DE-AC02-05CH11231
  • Office of Scientific & Technical Information Report Number: 939485
  • Archival Resource Key: ark:/67531/metadc897024

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  • June 1, 2007

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  • Sept. 27, 2016, 1:39 a.m.

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  • Jan. 4, 2017, 5:45 p.m.

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Haas, Reinhard; Meyer, Niels I.; Held, Anne; Finon, Dominique; Lorenzoni, Arturo; Wiser, Ryan et al. Promoting electricity from renewable energy sources -- lessons learned from the EU, U.S. and Japan, book, June 1, 2007; Berkeley, California. (digital.library.unt.edu/ark:/67531/metadc897024/: accessed August 23, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.