Renewable energy plays an important role in contributing to the transition toward low-carbon development growth, in enhancing technology diversification and hedging against fuel price volatility, in strengthening economic growth, and in facilitating access to electricity. The global trends indicate a growing commitment to renewable energy development from developed and developing countries in both the introduction of specific policy levers and investment flows. Developing countries have now a long history of designing and implementing specific policy and regulatory instruments to promote renewable energy. Today, feed-in tariff policies are being implemented in about 25 developing countries and quantity based instruments, most notably auction mechanisms, are increasingly being adopted by upper middle income countries. This paper summarizes the results of a recent review of the emerging experience with the design and implementation of price and quota based instruments to promote renewable energy in a sample of six representative developing countries and transition economies. The paper discusses the importance of a tailor-made approach to policy design and identifies the basic elements that have proven instrumental to policy effectiveness, including adequate tariff levels, long term policy or contractual commitments, mandatory access to the grid and incremental cost pass-through. Ultimately, a low carbon development growth in the developing world depends on the availability of resources to finance the solutions that exhibit incremental costs. Policies introduced to support renewable energy development should be designed and introduced in combination with strategies that clearly identify sources of finance and establish a sustainable incremental cost recovery mechanism (for example, using concessional financial flows from developed countries to leverage private financing, strengthening the performance of utilities and distribution companies, or allowing the partial pass-through of incremental costs to consumer tariffs with a differentiated burden sharing that protects the poor). Without question, policy makers will have to ensure that the design of different policy mechanisms and the policy mix per se deliver renewable energy targets with the lowest possible incremental costs and volume of subsidies.

Master Limited Partnerships (MLPs) and Real Estate Investment Trusts (REITs) are two proposed investment vehicles that have the potential to lower the high cost of capital for renewable energy assets -- a critical factor in the U.S. Department of Energy's goal for renewable energy to achieve grid-parity with traditional sources of electric generation. Due to current U.S. federal income tax laws, regulations, and administrative interpretations, REITs and MLPs cannot finance a significant portion of the cost of renewable energy assets. Topics discussed in this compilation include the opportunities and potential complications for renewable energy with the master limited partnerships and real estate investment trusts; the technical qualifications for treating photovoltaic assets as real property by real estate investment trusts; master limited partnerships parity act; and master limited partnerships as an option for the renewable energy industry.

Global investment in renewable energy has grown sharply in the past five years as countries strive to meet growing energy demands, reduce carbon dioxide emissions, and strengthen energy security. Given that a broad group of services are indispensable to the development and functioning of renewable energy projects, the rapid expansion in renewable energy investment and installed capacity world-wide implies a similarly vibrant global market for renewable energy services. This book offers estimates of the U.S. and global markets for trade and investment in services essential to energy production in the solar, wind, small hydropower, and geothermal sectors, as well as discusses trade barriers affecting these services. The book also describes federal programs that provide grants, loans, loan guarantees, and other direct or indirect incentives for energy efficiency, energy conservation, and renewable energy.

This book aims to provide a friendly and comprehensive tool in the study of the key issues of Renewable Energy Systems, in order to gain a deeper insight in this broad field through thematic investigations, and, finally, to become able to design competitive innovations and intelligent applications of Renewable Energy Systems in the domestic, agricultural and industrial sectors. This work is a collaborative attempt to elaborate useful technical information from many countries around the world concerning the efficient and effective use and management of Renewable Energy Systems, either autonomous or hybrids, and to deliver theoretical and experimental analysis in Renewable Energy Systems issues, with numerous exercises, extended problems and case studies, simulation models and algorithms, which radically contribute to comprehensive learning, innovative design and engineering applications.

During his 25 January 2011 State of the Union speech, President Obama proposed a Clean Energy Standard (CES) policy framework that would result in 80% of U.S. electricity generation coming from "clean energy" sources by 2035. "Clean energy," as described by President Obama, would include renewables, nuclear power and partial credits for clean coal and efficient natural gas. This book examines the design elements of previous CES proposals, summarizes the Administration's CES policy framework, provides state-level baseline CES compliance analysis, and presents several policy options that Congress might consider as part of a CES debate.

As demand for energy increases, many communities are seeking ways to meet this demand with clean, safe, reliable energy from renewable sources such as sun and wind. Fortunately, many of the key technologies that can unlock the power of these renewable resources are available on the market today. While the U.S. Department of Energy (DOE) continues to fund research and development (R&D) to improve solar technologies, DOE is also focusing on accelerating a robust nationwide market for the currently available technologies. Advances in solar technology, an increase in federal and state tax incentives, and creative new financing models have made solar projects including community solar projects, more financially feasible. This book focuses on the availability of solar power for communities along with a guidance for local stockholders. (Imprint: Nova)

Pressing economic, energy security, and environmental concerns are driving rapid growth in global investments in renewable energy, energy efficiency, and other clean energy technologies. The U.S. government has an unparalleled opportunity to join forces with the private sector, international institutions, and other countries to accelerate this global clean energy market transformation and capture vital domestic benefits. This book examines how U.S. international clean energy leadership can produce enormous benefits domestically and internationally.

Conflict Resolution of the Boruca Hydro-Energy Project is a case study that aims to profile best practices for sustainable development, indigenous human rights, and conflict resolution. In 2003, a joint project was developed between the United Nations University of Peace and the International Peace and Conflict Resolution program at Arcadia University to study the Boruca hydroelectrical conflict in Costa Rica. The aim was to bring together theory and practice and to reveal the link between peace and conflict resolution and sustainable development. Through partnerships with the Kan Tan Ecological Project and the indigenous communities in the region, and field studies to the Inter-American Court of Human Rights and local Civil Society Organizations, faculty and students utilized the mediation framework to identify the needs and interests of the primary conflict stakeholders. Conflict Resolution of the Boruca Hydro-Energy Project represents the culmination of this fieldwork and tests the mediation framework as suitable model for the resolution of environmental conflicts in Latin America. The Boruca project, proposed in the 1970s by the state-run corporation Instituto Costarricense De Electridad (ICE), will build a dam in the Boruca Canyon, changing the flow of the Terraba River and creating an artificial lake of 25.000 hectares. The largest of its kind in Central America, this project will generate approximately 1,500 megawatts and increase Costa Rica's energy production capability by as much as 50%. For ICE, not only will the project satisfy national electrical demand, it will also stimulate economic growth, assist in the development of new technological corridors and new tourism projects, increase employment opportunities, and improve the quality of life for indigenous peoples living in Boruca area. For the indigenous population, however, the project represents a violation of their fundamental human rights since it will force the relocation of 2,000 to 3,000 indigenous peoples, flood areas of archeological and cultural significance to them, and affect their livelihood due to the resulting changes in the biodiversity. They also fear the social and environmental impacts of more tourism in the area. The increasingly dysfunctional communication between the Boruca people and ICE over the past 30 years has led to a breakdown of trust and a stalling of the project's development. Conflict Resolution of the Boruca Hydro-Energy Project follows these conflicts and the process by which the government-owned utility tried to find common ground between all stakeholders. Ultimately, it tests the mediation framework as an appropriate approach to the resolution of development conflicts, exploring the transferability of this approach to other countries in Latin America. This case study provides unique insights into Latin American environmental and development politics and will be of interest to any student, faculty, or policymaker looking to assess the mediation framework.

The financial challenges facing clean energy installations

The path to the widespread adoption of renewable energy is littered with major technological legal, political, and financial challenges. "Investing in the Renewable Power Market" is a reality check for the mass roll out of green energy and its financial dominance of the world energy market, focusing on real energy costs and global energy needs over the next decade. If green energy is to be truly successful, the market must be properly understood, so that dreams of a green future do not lead to actual energy nightmares.

The first book to cover the major investing challenges and monetary constraints placed on electric power companies as they race to meet their green energy requirements, "Investing in the Renewable Power Market" explains how generating electricity is totally different from other energy enterprises in that it is highly regulated and its product cannot be stored. This combination greatly affects the finances of renewable power and influences how investors should navigate the energy market. To help the reader better understand the current state of the alternative energy industry, the book: Details the challenges facing green energy, such as the fact that it is priced compared to natural gas, which is currently at an all-time lowAnalyzes real energy costs and the global demand for energy over the next decadeDescribes why, in the short term, investment opportunities with renewable power will be with financial and operational restructurings

The green energy market is currently facing enormous challenges, but "Investing in the Renewable Power Market" explains the real costs of energy, the future of the energy market, and how to profit in both the long and short term.

India has 150GW of renewable energy potential, about half in the form of small hydropower, biomass, and wind and half in solar, cogeneration, and waste-to-energy. Developing renewable energy can help India increase its energy security, reduce the adverse impacts on the local environment, lower its carbon intensity, contribute to more balanced regional development, and realize its aspirations for leadership in high-technology industries. This study aims to answers critical questions on why renewable energy development is relevant in Indian context, on how much development is economically feasible, and on what needs to be done to realize the potential. The Report is based on data from nearly 180 wind, biomass, and small hydropower projects in 20 states, as well as information from the Ministry of New and Renewable Energy (MNRE) and the Central Electricity Regulatory Commission (CERC). The Report suggests that about 3GW of renewable energy - all from small hydropower is conomically feasible, when the avoided cost of coal-based generation of Rs 3.08/kWh is considered. About 59GW of renewable energy in wind, biomass, and small hydropower is available at less than Rs 5/kWh. The entire cumulative capacity of 68GW in these three technologies can be harnessed at less than Rs 6/kWh. About 62GW-90 percent of cumulative renewable capacity in wind, biomass, and small hydropower-is economically feasible when the environmental premiums on coal are brought into consideration. Realizing the need to bridge this gap, the government has set an ambitious target of installing at least 40GW of additional capacity of renewables in the next 10 years. India has made tremendous strides in establishing overarching policy framework and institutions to bring renewable in the mainstream of energy mix, but significant financial, infrastructure and regulatory barriers to renewable energy development remain which the report sheds light on and suggests possible solutions.

In this groundbreaking book, energy systems modelling expert Dr Gregor Czisch analyses electricity supply options for Europe and its neighbouring regions. He describes how our electricity supply could be structured in an optimally costeffective manner largely based on currently available technologies. Czisch proposes that power plant usage and selection be optimized in a manner that takes full account of the availability and intermittency of renewables. To this end, the author provides a number of solutions entailing a wide range of thoughtprovoking scenarios. Czisch s visionary study shows that a pan-European renewablesbased supergrid using highvoltage DC lines extending into North Africa could supply an area spanning 50 countries with a combined population of 1.1 billion. The author demonstrates that such a supergrid would obviate the need for fossil fuels and nuclear power, and that its costs would be on a par with or perhaps even lower than our current electricity supply system. This book would appeal to students and professionals with an interest in the field or for those working in renewable energy, politicians and other energy decision makers."

Climate change threatens to derail development, even as development pumps ever-greater quantities of carbon dioxide into an atmosphere already polluted with two centuries of Western emissions. The World Bank, with a newly-articulated Strategic Framework on Development and Climate Change, must confront these entangled threats in helping its clients to carve out a sustainable growth path. This evaluation assesses the Bank's experience with key win-win policies in the energy sector.

Today the energy sources used to create electricity differ in many ways, including in their environmental impacts. In the United States, conventional means of electricity generation use fossil or nuclear fuels--forms of power generation that impact human health and the environment through air emissions and other effects. Despite advances in pollution controls over the last 30 years, conventional power generation is still the nation's single largest source of industrial air pollution. Electricity markets are changing, however, offering cleaner ways of producing power and giving many consumers the ability to choose how their power is generated. One of these choices is power from renewable sources that is marketed as green power. Innovative organisations are encouraging the use of these new sources of green power and, at the same time, are reducing their own impact on the environment. In some parts of the United States, the deregulation of electricity has enabled consumers to choose the provider of their electric power and thus to buy green power from their chosen supplier. In regulated markets, too, hundreds of utilities now offer their customers the opportunity to purchase green power through green-pricing" programs. Even in areas where consumers cannot buy green power directly, renewable energy certificates (RECs) are available in every state to allow consumers to support green power. While no form of electric power generation is completely benign, electricity generated from renewable resources such as solar, wind, geothermal, small and low-impact hydro power, and biomass has proved to be environmentally preferable to electricity generated from conventional energy sources such as coal, oil, nuclear, and natural gas. The Guide to Purchasing Green Power focuses on electricity generated from renewable energy resources, both delivered through the grid and generated on-site. By buying green power instead of conventional power, consumers can reduce the environmental impact caused by their use of electricity and fossil fuel. For instance, on average, every kilowatt-hour (kWh) of renewable power avoids the emission of more than one pound of carbon dioxide. Because of the sheer quantities of energy involved, consumers of a large amount of electricity may have an enormous environmental impact. If the typical commercial facility switched to 100 percent renewable power or used RECs to offset emissions, this could amount to thousands of tons of emissions avoided each year. A wide range of organisations have purchased green power: federal, state, and local governments; universities; businesses; nonprofits; and individual consumers. By purchasing green power, these organisations are both helping the environment and meeting their own environmental goals. The many other benefits to buying green power range from financial benefits to public relations and even national security. As of the end of 2003, nearly 1,650 megawatts(MW) of new renewable generating capacity had been added to meet the United States' demand for green power. This capacity is enough to meet the annual electricity needs of more than 500,000 houses. Leading organisations are finding that green power is an effective part of a strategic energy management plan to achieve environmental, financial, and other goals. Successful energy management plans are often a "portfolio analysis" that considers options such as energy efficiency, load management, power purchases, on-site generation, and non-electric (thermal) energy needs. As with any investment portfolio, the best mix of these options depends on the particular situation. Because buying green power is still relatively uncommon in today's energy markets and because these markets offer a wide range of choices, this book provides leading-research for organisations that have decided to buy green power but want help in figuring out how to do it, as well as for organisations that are still considering the merits of buying green power.

In the future, the UK's energy supplies, for both heat and power, will come from much more diverse sources. In many cases, this will mean local energy projects serving a local community or even a single house. What technologies are available? Where and at what scale can they be used? How can they work effectively with our existing energy networks? This book explores these power and heat sources, explains the characteristics of each and examines how they can be used.

A comprehensive textbook that integrates tools from technology, economics, markets, and policy to approach energy issues using a dynamic systems and capital-centric perspective. The global energy system is the vital foundation of modern human industrial society. Traditionally studied through separate disciplines of engineering, economics, environment, or public policy, this system can be fully understood only by using an approach that integrates these tools. This textbook is the first to take a dynamic systems perspective on understanding energy systems, tracking energy from primary resource to final energy services through a long and capital-intensive supply chain bounded by both macroeconomic and natural resource systems. The book begins with a framework for understanding how energy is transformed as it moves through the system with the aid of various types of capital, its movement influenced by a combination of the technical, market, and policy conditions at the time. It then examines the three primary energy subsystems of electricity, transportation, and thermal energy, explaining such relevant topics as systems thinking, cost estimation, capital formation, market design, and policy tools. Finally, the book reintegrates these subsystems and looks at their relation to the economic system and the ecosystem that they inhabit. Practitioners and theorists from any field will benefit from a deeper understanding of both existing dynamic energy system processes and potential tools for intervention.

The rapid growth of wind generation has many implications for power system planning, operation and control. This would have been a considerable challenge for the old nationalised power companies; it has become an even greater challenge in today's liberalised electricity markets. Network development, voltage rise, protection, monitoring and control are connection problems common to all wind power generation. These issues are addressed through an understanding of the basic electrical engineering concepts and wind power technology. When wind power approaches 10 percent of all generation, it impinges on system operation. The underlying principles of system balancing are presented, before considering the impact of many variable generation sources whose outputs are difficult to predict. Wind power forecasting is crucial to successful wind power integration, and basic theory and current practice are considered. Storage can also help but it needs to be low cost and, ideally, based on intelligent use of existing load. Finally, electricity markets are explained and the commercial challenges facing wind power are assessed. The book provides a wide-ranging discussion on all major aspects of wind power integration into electricity supply systems. It requires no specialist knowledge and will appeal to engineers from various disciplines looking for an overview of a technology that is providing a major impetus for sustainable electricity supply in the twenty-first century.

Solarenergie ist die Basis f r eine nachhaltige Wirtschaftsweise. Die Liberalisierung der Elektrizit tsindustrie stellt die Stromerzeugung aus erneuerbaren Energien vor eine gro e Herausforderung. Solarstrom gilt als teuer und nicht wirtschaftlich. Dieses Buch untersucht die konomischen Aspekte von kleinen dezentralen Photovoltaikanlagen, die auch von Konsumenten betrieben werden k nnen. Der Autor entwickelt eine Marktstrategie, die es kleinen kommunalen Energieversorgern erlaubt, mit erneuerbaren Energien in einem zuk nftigen freien Stromwettbewerb zu bestehen. Aktuelle Fallstudien aus Deutschland und den USA illustrieren die Chancen und Herausforderungen f r eine umweltfreundliche Energieversorgung mit Solarstrom. Mit zahlreichen Abbildungen, Tabellen und einem englisch-deutschen W rterverzeichnis.

Foreword by Lord Browne of MadingleyReviews of the First Edition:'The entire text is quite readable and can be moved through with relative ease. This reviewer heartily recommends that, regardless of your background, you read this book to really get a grasp of the cutting-edge of climate finance.'LSE Review of BooksRenewable Energy Finance (Second Edition) describes in rich detail current best practices and evolving trends in clean energy investing. With contributions by some of the world's leading experts in energy finance, the book documents how investors are spending over $300 billion each year on financing renewable energy and positioning themselves in a growing global investment market. This second edition documents, with practical examples, the ways in which investors have funded over $2.6 trillion in solar, wind, and other renewable energy projects over the past decade. The book will be a go-to reference manual for understanding the factors that shape risk and return in renewable energy, the world's fastest growing industrial sector. The book is suitable for executives new to the field, as well as advanced business students.Edited by Dr Charles Donovan, Principal Teaching Fellow at Imperial College Business School and formerly Head of Structuring and Valuation for Global Power at BP, the book will give readers a unique insiders' perspective on how renewable energy deals actually get done.

Foreword by Lord Browne of MadingleyReviews of the First Edition:'The entire text is quite readable and can be moved through with relative ease. This reviewer heartily recommends that, regardless of your background, you read this book to really get a grasp of the cutting-edge of climate finance.'LSE Review of BooksRenewable Energy Finance (Second Edition) describes in rich detail current best practices and evolving trends in clean energy investing. With contributions by some of the world's leading experts in energy finance, the book documents how investors are spending over $300 billion each year on financing renewable energy and positioning themselves in a growing global investment market. This second edition documents, with practical examples, the ways in which investors have funded over $2.6 trillion in solar, wind, and other renewable energy projects over the past decade. The book will be a go-to reference manual for understanding the factors that shape risk and return in renewable energy, the world's fastest growing industrial sector. The book is suitable for executives new to the field, as well as advanced business students.Edited by Dr Charles Donovan, Principal Teaching Fellow at Imperial College Business School and formerly Head of Structuring and Valuation for Global Power at BP, the book will give readers a unique insiders' perspective on how renewable energy deals actually get done.

The important role of metals, their oxides and catalytically-interactive supports in contemporary investigations related to rational construction of next-generation devices as alternative energy sources and hi-tech electronics is ambitiously presented throughout this book. The topics involve: Carbonaceous and non-typical platinum-based nanostructured electrode materials as promising candidates for anodic reactions in low-temperature fuel cells. Ruthenium oxide as electroactive material, presented through its innovative synthesis routes involving microwave heating and ultrasonic spray pyrolysis, with the focus on its performances as an electrochemical supercapacitor, but also as a part of multicomponent electrode coating in electrocatalysis of chlorine and oxygen evolution. Alkaline water electrolysis as the simplest method for hydrogen production especially when using renewable energy sources, offering the advantage of simplicity and environmentally clean technology with zero emission of greenhouse gases. New frontiers in electroconductive composite materials and biopolymers combined with noble metal nanoparticles that can be used in nanoelectronics and medical nanotechnologies. The possibilities for the operational improvement of an aluminum-air battery presented through alternative modifications of an Al-anode by alloying with magnesium and electromagnetic bulk structure homogenization. The improvements of copper-based materials as well as the research toward sustainable production of copper itself as an important component for further development of electronic devices.

Climate change is perhaps among the most serious challenges that humankind has ever faced and perhaps the greatest market failure the world has ever seen. At the same time, clean unutilised energy resources around the world are available that could help remedy climate and environmental problems while also improving peoples lives. It is likely that most of the increased demand for energy in the future will be in the developing and emerging world. This is also where most unutilised clean energy sources are located. The challenge of climate change requires strong comprehensive and firm action from the international community. Clean energy projects tend to be large, capital intensive and long term. They require long term commitment from all the players involved as well as mutual trust. International financial institutions (IFIs), including the World Bank Group and regional development banks can play a key role in promoting the use of clean energy sources by facilitating clean energy investment in developing and emerging markets. This book focuses on those challenges, mainly using geothermal energy projects as examples, but also by providing an example of a large hydropower project to illustrate how the funding and risk mitigation instruments of IFIs, as well as national agencies such as export credit agencies (ECA)s, have been used to mobilise funds in a difficult investment environment. The book is divided into eleven chapters. Chapter One discusses the current global investment regime and the absence of an international organisation for investments comparable to the World Trade Organization that focuses on cross border trade. Chapter Two examines the World Bank Group and its emphasis on loans instead of guarantees for capital mobilisation. Chapter Three discusses international financial institutions, including regional development banks and their risk mitigation instruments. Chapter Four focuses on how IFIs can make more use of their instruments to support cross border clean energy projects in developing and emerging economies. Chapter Five assesses the effectiveness of the risk mitigation instruments used by the World Bank Group. Chapter Six analyses the upfront development costs associated with geothermal development and geothermal projects. Chapter Seven analyses the costs and benefits of deploying public-private partnerships for clean energy projects. Chapter Eight focuses on contested multilateralism and the recent establishment of new international financial institutions under Chinese leadership, i.e. the Asian Infrastructure Investment Bank and the New Development (BRICS) Bank. Chapter Nine examines Iceland with its geothermal cluster as well as how developing and emerging countries could learn from Icelands experience. Chapter Ten analyses selected cross border clean energy projects, including geothermal and hydropower, and shows how various funding and risk mitigation instruments have been used in practice. Chapter Eleven stresses the urgency for global action to address the climate crisis facing humankind. Finally, the concluding chapter shows how international financial institutions can be key instruments for successful global climate solutions. The book draws on the authors experience in three continents (Africa, Asia and Europe) as a staff member of the World Bank Group.

Renewable energy is gaining currency around the globe, but China and the United States are central to its development. They are the world's top-two countries in terms of energy consumption, net oil imports, and carbon emissions, as well as gross domestic product (GDP) and manufacturing. Their large territories harbor some of the best sites to generate renewable energy. If the United States and China cooperateand competeeffectively, renewable energy can contribute to economic growth, energy security, and climate change mitigation. The past two years saw important developments, including a bilateral agreement to phase down hydrofluorocarbon emissions and a joint announcement to reduce greenhouse gas emissions. China is often touted for its rapid adoption of renewable energy technologies. Long-term industry plans and new legislation suggest Beijing will maintain this policy direction, in line with its overall expansion of energy production capacity. In the United States, by contrast, renewable energy is a divisive issue. There are disagreements about how, if at all, the government should support alternative energy sources when natural gas is abundant, emissions are declining, and energy demand is slowing. This book assesses recent developments in China's wind and solar industries and the implications for the United States. It builds on the Commission's past work on U.S.-China energy issues, including the April 2014 hearing on bilateral clean energy cooperation. The research also draws on Congressional testimonies, academic papers, industry and media reports, and statistical data. The report's main themes and findings are outlined below.

In the United States, growing awareness of greenhouse gas (GHG) emissions and the possible implications for global climate change have combined with recent high energy prices and economic uncertainty to rekindle interest in renewable energy. Renewable energy technologies generate electricity from resources such as the sun, wind, or biomass, with essentially no net GHG emissions. President Obama has declared a goal for the United States to become the world's leading exporter of renewable energy technologies, setting out policy objectives for the development of related "green jobs". This book discusses what "green job" are, and provides highlights on challenges of targeted training programs for emerging industries.

Today, the energy sources used to create electricity differ in many ways, including in their environmental impacts. In the United States, electricity is most often generated using fossil or nuclear fuels -- forms of power generation that can have detrimental effects on human health and the environment through air emissions and other problems. Despite advances in pollution controls over the last 30 years, this conventional power generation is still the nation's single largest source of industrial air pollution and is a major contributor to greenhouse gas emissions. Electricity markets now offer cleaner ways of producing power, however, and give many consumers the ability to choose how their power is generated. One of these choices is power from renewable sources, or "green power". This book is a guide to purchasing green power and a summary of federal renewable energy and energy efficiency programs.