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The Economic and Policy Setting of Renewable Energy: Where Do Things Stand? AgEcon
Darmstadter, Joel.
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...
Tipo: Working or Discussion Paper Palavras-chave: Renewable energy; Electricity; Windpower; Externalities; Environmental Economics and Policy; Q21; L94.
Ano: 2003 URL: http://purl.umn.edu/10777
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