The Economic and Policy Setting of Renewable Energy: Where Do Things Stand?
| dc.creator | Darmstadter, Joel | |
| dc.date | 2017-04-01T17:20:52Z | |
| dc.date.accessioned | 2026-07-09T02:59:48Z | |
| dc.description | This paper looks at the status and prospects of renewables-with particular emphasis on windpower-in the electric power sector. Although renewables account for a steadily rising share of electricity generation in various countries, their role remains small in absolute terms. In part, this is because of technological progress of and successful competition from fossil-fueled generation-notably, combined cycle gas turbines. While diminishing, subsidies continue to be indispensable to the use of renewables in most places. Viability of renewables-based electricity is undermined by the cost of externalities for which fossil energy combustion is only partially charged. A number of countries (and states in the U.S.) have launched obligatory requirements for renewables-based electricity in the years ahead. This so-called "renewable portfolio standard," while technology-forcing, offers an opportunity for an economically efficient way of promoting greater market penetration of renewables. | |
| dc.identifier | doi:10.22004/ag.econ.10777 | |
| dc.identifier | https://ageconsearch.umn.edu/record/10777/files/dp030064.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/10777 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/524449 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/10777 | |
| dc.title | The Economic and Policy Setting of Renewable Energy: Where Do Things Stand? | |
| dc.type | Text |