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| Srl | Item |
| 1 |
ID:
166338
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| Summary/Abstract |
Ambitious goals for climate change mitigation and energy security policies are driving deployment of renewable energy sources globally. However, the deployment of renewable energies at scale requires not only public but also private capital, such as foreign direct investment (FDI). Many countries with favourable conditions for renewables, such as the countries of the Middle East and North African (MENA) region, are not attracting sufficient FDI. Risk perceptions of FDI stakeholders are one of the reasons. This paper discusses the de-risking approach as a possible tool to address subjective risk perceptions and assesses with a Computable General Equilibrium (CGE) model macroeconomic feedback-effects of employing a de-risking strategy for FDI into a particular kind of renewable electricity (RES-E) technology, concentrated solar power, in the MENA region. Our results show that the application of a de-risking approach reduces the costs for deployment of CSP, and therefore, also volumes of subsidies that would be needed to make CSP cost competitive with fossil fuel based electricity generation. This, in turn, leads to positive GDP and welfare effects in the MENA region. Our results allow us developing of recommendations for energy policy the implementation of the de-risking approach as a potential consensual option with high political feasibility to reduce climate change mitigation costs.
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| 2 |
ID:
114310
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| Publication |
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:
178822
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| Summary/Abstract |
Climate and energy security policyClimate and model regions of AustriaWillingness to pay for renewable energy sourcesPublic participation and engagementPolycentric governance
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