Hardback
Handbook on the Economics of Renewable Energy
Renewable energy technologies produce many measurable benefits, such as a clear reduction in greenhouse gas emissions. However, it is also apparent that these methods of energy production come with costs. Discussing renewable energy developments within an economic context, this pertinent Handbook provides a comprehensive view of the present and future dimensions of renewable energy use.
More Information
Critical Acclaim
Contributors
Contents
More Information
Renewable energy technologies produce many measurable benefits, such as a clear reduction in greenhouse gas emissions. However, it is also apparent that these methods of energy production come with costs. Discussing renewable energy developments within an economic context, this pertinent Handbook provides a comprehensive view of the present and future dimensions of renewable energy use.
Divided into six authoritative parts, the Handbook employs economic evaluation to provide an analysis of the benefits and costs of renewable energy, allowing authors to extrapolate potential policy changes. Chapters address the conceptual, methodological and empirical dimensions of renewable energy, providing a broad coverage of key topics while maintaining a clear policy-oriented philosophy.
With a structured application of energy economics to renewable energy issues, this enlightening Handbook will be beneficial for environmental and energy policy makers. It will also be an interesting read for academics within such fields as policy regulation, energy economics and environmental economics.
Divided into six authoritative parts, the Handbook employs economic evaluation to provide an analysis of the benefits and costs of renewable energy, allowing authors to extrapolate potential policy changes. Chapters address the conceptual, methodological and empirical dimensions of renewable energy, providing a broad coverage of key topics while maintaining a clear policy-oriented philosophy.
With a structured application of energy economics to renewable energy issues, this enlightening Handbook will be beneficial for environmental and energy policy makers. It will also be an interesting read for academics within such fields as policy regulation, energy economics and environmental economics.
Critical Acclaim
‘The global need for aggressive deployment of renewable energy is self-evident. This book, a fabulous compilation from the world’s leading thinkers, provides crucial insights to manage the clean energy transition.’
– Ryan Wiser, Lawrence Berkeley National Laboratory, US
‘Just as the energy and climate crisis trigger a burst of policy initiatives on renewables, 52 researchers that have shaped the economic and policy analysis for renewables over the last two decades review the methodological and empirical foundation. A valuable overview and timely reminder of relevant lessons, for example on framework conditions such as targets and policy stability.’
– Karsten Neuhoff, German Institute for Economic Research (DIW Berlin) and Technische Universität Berlin, Germany
– Ryan Wiser, Lawrence Berkeley National Laboratory, US
‘Just as the energy and climate crisis trigger a burst of policy initiatives on renewables, 52 researchers that have shaped the economic and policy analysis for renewables over the last two decades review the methodological and empirical foundation. A valuable overview and timely reminder of relevant lessons, for example on framework conditions such as targets and policy stability.’
– Karsten Neuhoff, German Institute for Economic Research (DIW Berlin) and Technische Universität Berlin, Germany
Contributors
Contributors: Javier Eduardo Afonso Arévalo, Vasilios Anatolitis, Iñaki Arto, Santacruz Banacloche, Joan Batalla-Bejerano, Barbara Breitschopf, Natàlia Caldés, Fernando Callejas-Albiñana, Ignacio Cazcarro, José Pablo Chaves, Daniel Davi-Arderius, Fernando de Llano Paz, Pablo del Río, Haris Doukas, Gonzalo Escribano, Ana Rosa Gamarra, Leticia García-Martínez, Timo Gerres, Tomás Gómez, Florian Hasengst, Anne Held, Guillermo Iglesias Gómez, Markus Jansen, Eleni Kanellou, Christoph P. Kiefer, Tae-Hyeong Kwon, Lara Lázaro Touza, Yolanda Lechón, Yannis Maniatis, Robin Mann, Francisco Martín, Pere Mir-Artigues, Julen Montilla, Julia Panny, Cristina Peñasco, Cristina Pizarro-Irizar, Consolación Quintana-Rojo, Mario Ragwitz, Michael Rath, Gustav Resch, Michel Rivier, Álvaro Sánchez, Franziska Schöniger, Frank Sensfuß, Maximilian Sporleder, Demet Suna, Miguel-Ángel Tarancón, Manuel Tomás, Gerhard Totschnig, Elisa Trujillo-Baute, Ifigenia Tsakalogianni, Jenny Winkler
Contents
Contents:
1 Introduction to the Handbook on the Economics of Renewable Energy 1
Pablo del Río and Mario Ragwitz
PART I SETTING THE SCENE: THEORETICAL/METHODOLOGICAL GUIDELINES ON THE ECONOMICS OF RENEWABLE ENERGY
2 Costs and benefits of the energy transition 11
Barbara Breitschopf, Julia Panny and Anne Held
3 Energy system modelling of renewable energy and related energy infrastructure needs 41
Gustav Resch, Franziska Schöniger, Florian Hasengst, Demet Suna, Gerhard Totschnig and Frank Sensfuß
4 Econometric modeling of renewable energy deployment 77
Consolación Quintana-Rojo, Miguel-Ángel Tarancón and Fernando Callejas-Albiñana
PART II FOCUS ON SOCIOECONOMIC BENEFITS
5 Extended input-output tables to analyze the benefits of renewable energy deployment 101
Santacruz Banacloche, Ana Rosa Gamarra, Natàlia Caldés and Yolanda Lechón
6 The socioeconomic benefits of renewable energy projects 118
Ana Rosa Gamarra, Santacruz Banacloche, Natàlia Caldés and Yolanda Lechón
7 Green jobs in the Spanish renewable energy sector: an input-output approach 138
Manuel Tomás, Ignacio Cazcarro, Julen Montilla, Cristina Pizarro-Irizar and Iñaki Arto
PART III FOCUS ON COSTS
8 The grid costs of renewable energy deployment 158
Joan Batalla-Bejerano, Daniel Davi-Arderius and Elisa Trujillo-Baute
9 Guiding the transition: design challenges in decarbonising electricity markets 179
Timo Gerres, José Pablo Chaves,Francisco Martín, Michel Rivier, Álvaro Sánchez and Tomás Gómez
PART IV FOCUS ON THE BOTTOM-UP: SELF-GENERATION AND COLLECTIVE ENERGY ACTIONS
10 An economic approach to photovoltaic microgeneration 206
Pere Mir-Artigues
11 Enhancing energy democracy and tackling energy poverty by fostering the uptake of renewable energy: the case of Greece 231
Eleni Kanellou, Ifigenia Tsakalogianni, Haris Doukas and Yannis Maniatis
PART V FUTURE-LOOKING PERSPECTIVES: GEOPOLITICAL, RISKS/FINANCIAL AND INNOVATION PERSPECTIVES
12 The economic benefits of renewable energies: a geopolitical perspective 251
Gonzalo Escribano and Lara Lázaro Touza
13 Drivers and barriers to renewable electricity technologies: lessons from the technological innovation system approach 284
Pablo del Río and Christoph P. Kiefer
14 Analyzing the suitability and role of modern portfolio theory for renewable energy planning 308
Fernando de Llano Paz, Javier Eduardo Afonso Arévalo and Guillermo Iglesias Gómez
15 A mixed-integer linear programming approach for an optimal-economic design of renewable district heating systems: a case study for a German grid 340
Maximilian Sporleder, Michael Rath, Markus Jansen and Robin Mann
PART VI RENEWABLE ENERGY POLICY
16 The economic analysis of renewable energy policies: a general overview and a historical perspective 365
Christoph P. Kiefer, Pablo del Río, Leticia García-Martínez
17 Renewable energy auctions: an overview 392
Vasilios Anatolitis, Jenny Winkler
18 The role of design elements in instrument mixes: the case of auctions and renewable portfolio standards in South Korea 420
Tae-Hyeong Kwon and Pablo del Río
19 Climate-related development aid for renewable energy projects: an analysis of its trends and role in fostering the low carbon transition in official development aid recipients 442
Cristina Peñasco
20 Conclusion to the Handbook on the Economics of Renewable Energy 471
Pablo del Río and Mario Ragwitz
Index 475
1 Introduction to the Handbook on the Economics of Renewable Energy 1
Pablo del Río and Mario Ragwitz
PART I SETTING THE SCENE: THEORETICAL/METHODOLOGICAL GUIDELINES ON THE ECONOMICS OF RENEWABLE ENERGY
2 Costs and benefits of the energy transition 11
Barbara Breitschopf, Julia Panny and Anne Held
3 Energy system modelling of renewable energy and related energy infrastructure needs 41
Gustav Resch, Franziska Schöniger, Florian Hasengst, Demet Suna, Gerhard Totschnig and Frank Sensfuß
4 Econometric modeling of renewable energy deployment 77
Consolación Quintana-Rojo, Miguel-Ángel Tarancón and Fernando Callejas-Albiñana
PART II FOCUS ON SOCIOECONOMIC BENEFITS
5 Extended input-output tables to analyze the benefits of renewable energy deployment 101
Santacruz Banacloche, Ana Rosa Gamarra, Natàlia Caldés and Yolanda Lechón
6 The socioeconomic benefits of renewable energy projects 118
Ana Rosa Gamarra, Santacruz Banacloche, Natàlia Caldés and Yolanda Lechón
7 Green jobs in the Spanish renewable energy sector: an input-output approach 138
Manuel Tomás, Ignacio Cazcarro, Julen Montilla, Cristina Pizarro-Irizar and Iñaki Arto
PART III FOCUS ON COSTS
8 The grid costs of renewable energy deployment 158
Joan Batalla-Bejerano, Daniel Davi-Arderius and Elisa Trujillo-Baute
9 Guiding the transition: design challenges in decarbonising electricity markets 179
Timo Gerres, José Pablo Chaves,Francisco Martín, Michel Rivier, Álvaro Sánchez and Tomás Gómez
PART IV FOCUS ON THE BOTTOM-UP: SELF-GENERATION AND COLLECTIVE ENERGY ACTIONS
10 An economic approach to photovoltaic microgeneration 206
Pere Mir-Artigues
11 Enhancing energy democracy and tackling energy poverty by fostering the uptake of renewable energy: the case of Greece 231
Eleni Kanellou, Ifigenia Tsakalogianni, Haris Doukas and Yannis Maniatis
PART V FUTURE-LOOKING PERSPECTIVES: GEOPOLITICAL, RISKS/FINANCIAL AND INNOVATION PERSPECTIVES
12 The economic benefits of renewable energies: a geopolitical perspective 251
Gonzalo Escribano and Lara Lázaro Touza
13 Drivers and barriers to renewable electricity technologies: lessons from the technological innovation system approach 284
Pablo del Río and Christoph P. Kiefer
14 Analyzing the suitability and role of modern portfolio theory for renewable energy planning 308
Fernando de Llano Paz, Javier Eduardo Afonso Arévalo and Guillermo Iglesias Gómez
15 A mixed-integer linear programming approach for an optimal-economic design of renewable district heating systems: a case study for a German grid 340
Maximilian Sporleder, Michael Rath, Markus Jansen and Robin Mann
PART VI RENEWABLE ENERGY POLICY
16 The economic analysis of renewable energy policies: a general overview and a historical perspective 365
Christoph P. Kiefer, Pablo del Río, Leticia García-Martínez
17 Renewable energy auctions: an overview 392
Vasilios Anatolitis, Jenny Winkler
18 The role of design elements in instrument mixes: the case of auctions and renewable portfolio standards in South Korea 420
Tae-Hyeong Kwon and Pablo del Río
19 Climate-related development aid for renewable energy projects: an analysis of its trends and role in fostering the low carbon transition in official development aid recipients 442
Cristina Peñasco
20 Conclusion to the Handbook on the Economics of Renewable Energy 471
Pablo del Río and Mario Ragwitz
Index 475
