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| 1 |
ID:
096148
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2010.
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| Summary/Abstract |
The European Union has yet to determine how exactly to reach its greenhouse gas emissions targets for the future. One potential answer involves large-scale development of concentrated solar power (CSP) in the North African region, transmitting the power to Europe. CSP is a relatively young and little utilized technology and is expensive when compared to other methods of generation. Feasibility studies have shown it is possible to generate enough power from CSP plants in Africa to spearhead the EUs climate goals. However, the costs of such a project are less well known. Currently, CSP must compete with low cost coal-fired electricity plants, severely hindering development. We examine the possible investment costs required for North African CSP levelized electricity cost to equal those of coal-fired plants and the potential subsidy costs needed to encourage growth until the technologies reach price parity. We also examine the sensitivity of investment and subsidies to changes in key factors. We find that estimates of subsidy amounts are reasonable for the EU and that sensitivity to such factors as perceived risk and learning rates would enable policy-makers to positively influence the cost of subsidies and time required for CSP to be competitive with coal.
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| 2 |
ID:
114310
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2012.
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| Summary/Abstract |
Many of the scenarios for decarbonising the European energy system involve the integration of large-scale and decentralised renewable energy sources, such as wind and solar power. However, such integration requires substantial and rapid improvements to the existing transmission grids. Using a mix of qualitative and quantitative methods, we analysed the opinions and views of stakeholders concerning the main barriers and solutions to this problem. The results suggest two conclusions. The first is that primary barriers to the currently needed level of grid expansion are not technical or financial, but the lack of appropriate regulatory frameworks and public acceptance. The second is that major changes are needed in the overall regulatory process, rather than simply minor modifications or improved implementation of existing regulations.
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| 3 |
ID:
111065
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| Publication |
2012.
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| Summary/Abstract |
The world needs to reduce greenhouse gas emissions to prevent climate change, while meeting the energy needs of developed and developing economies. Recent studies suggest that generation of electricity from concentrated solar power in North African countries and its transmission to Europe could provide European and North African partners with low-carbon electricity.The private capital will be likely required to achieve the scale of new investment and yet the North African region experience difficulties with sustaining high levels of foreign direct investment from the private sector. The literature identifies a number of risks as barriers to investment, and we examine these in the particular context of renewable energy development. We conducted three stages of interviews with stakeholders to learn their perceptions of the risks most likely to affect renewable energy projects. Three class of risks-regulatory, political, and force majeure (which includes terrorism)-stand out as being of high concern. Of these, regulatory risks are perceived as being the most consequential, and the most likely to occur. This suggests that attention to building the capacities of North African countries to develop, implement, and enforce sound regulations in a transparent manner could be an important step in promoting renewable energy cooperation with Europe.
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| 4 |
ID:
158277
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| Summary/Abstract |
Europeans are taking the risks presented by climate change seriously, and responding.” Sixth in a series on climate adaptation around the world.
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