Enabling Environment is as real as it gets. The global commons are jointly owned and their inhabitants are jointly obligated to ensure their preservation. In the face of protracted negotiations, convoluted documentation, discord, and incessant bickering among scientists, activists, pressure groups of various hues, politicians and negotiators, very often the people on the ground are ignored or taken for granted. In the meantime, life meanders along. It is these 'everyday individuals' who make consumption-related choices on their lifestyles, travel or on preferring certain products or services over others. Enabling Environment puts the individual front and center.

Ecosystem services need to be recognized, appropriately priced and the costs allocated to the agents concerned. Enabling Environment is about defining economic and non-economic incentive structures and utilizing them to arrive at pro-environmental outcomes. This collection of articles illustrates the use of existing social, economic and regulatory structures, and the financial architecture and instruments, suitably modified or extended, to help internalize the environmental externality.

This book is a compilation of case studies from different countries and covers contemporary technologies including electric vehicles and solar thermal power plants. The book highlights the real-world situations facing individual projects and highlights the strengths and weaknesses of the underlying business propositions. It also sheds light on the factors that are routinely ignored during project formulation and risk assessment, namely coordination among public and private agencies, confirmed availability of relatively minor but essential components, possibility of concurrent demand for inputs from different project proponents, etc. The book provides a systematic 'guided tour' of renewable energy (RE) projects for potential project analysts and includes the development of financial models. It concludes with an evaluation of risk and the design of risk-mitigation measures. It is designed to simultaneously appeal to business school students and to serve as a guide for practicing executives, policy makers and consultants. The cases cover several countries, currencies, policy environments, technologies and resources and will help policy makers, consultants and project analysts and proponents view RE projects in a new light.

Rational Exuberance for Renewable Energy is a beyond-the-hype account of the underlying issues that encourage or plague widespread dissemination of renewable energy (RE) technologies. Renewable energy operates in the real world, and it cannot be assumed that the conventional theories and incentive structures of economics and business do not apply. The author argues that grants and subsidies could be provided to support research, development and technology improvement efforts, but should not be employed as an instrument of state policy to intervene in specific markets. It is important to recognize that although investors often demonstrate an appetite for market risk, they find technology risks and policy uncertainty much less appealing. Rational Exuberance for Renewable Energy blends classical economic theory with the everyday realities of the RE industry to identify incentive structures contributing to the success - or otherwise - of project implementation involving renewable sources and appropriate technologies. This book is a compilation of articles that analyze individual RE technologies, and offer multiple perspectives of the RE industry and markets. Rational Exuberance for Renewable Energy is intended for policy makers, advanced students of energy economics and sustainable development, and for potential mainstream investors.

This book is a compilation of case studies from different countries and covers contemporary technologies including electric vehicles and solar thermal power plants. The book highlights the real-world situations facing individual projects and highlights the strengths and weaknesses of the underlying business propositions. It also sheds light on the factors that are routinely ignored during project formulation and risk assessment, namely coordination among public and private agencies, confirmed availability of relatively minor but essential components, possibility of concurrent demand for inputs from different project proponents, etc. The book provides a systematic 'guided tour' of renewable energy (RE) projects for potential project analysts and includes the development of financial models. It concludes with an evaluation of risk and the design of risk-mitigation measures. It is designed to simultaneously appeal to business school students and to serve as a guide for practicing executives, policy makers and consultants. The cases cover several countries, currencies, policy environments, technologies and resources and will help policy makers, consultants and project analysts and proponents view RE projects in a new light.

Enabling Environment is as real as it gets. The global commons are jointly owned and their inhabitants are jointly obligated to ensure their preservation. In the face of protracted negotiations, convoluted documentation, discord, and incessant bickering among scientists, activists, pressure groups of various hues, politicians and negotiators, very often the people on the ground are ignored or taken for granted. In the meantime, life meanders along. It is these 'everyday individuals' who make consumption-related choices on their lifestyles, travel or on preferring certain products or services over others. Enabling Environment puts the individual front and center. Ecosystem services need to be recognized, appropriately priced and the costs allocated to the agents concerned. Enabling Environment is about defining economic and non-economic incentive structures and utilizing them to arrive at pro-environmental outcomes. This collection of articles illustrates the use of existing social, economic and regulatory structures, and the financial architecture and instruments, suitably modified or extended, to help internalize the environmental externality.

Rational Exuberance for Renewable Energy is a beyond-the-hype account of the underlying issues that encourage or plague widespread dissemination of renewable energy (RE) technologies. Renewable energy operates in the real world, and it cannot be assumed that the conventional theories and incentive structures of economics and business do not apply. The author argues that grants and subsidies could be provided to support research, development and technology improvement efforts, but should not be employed as an instrument of state policy to intervene in specific markets. It is important to recognize that although investors often demonstrate an appetite for market risk, they find technology risks and policy uncertainty much less appealing. Rational Exuberance for Renewable Energy blends classical economic theory with the everyday realities of the RE industry to identify incentive structures contributing to the success - or otherwise - of project implementation involving renewable sources and appropriate technologies. The book is a compilation of articles that analyze individual RE technologies, and offer multiple perspectives of the RE industry and markets. Rational Exuberance for Renewable Energy is intended for policy makers, advanced students of energy economics and sustainable development, and for potential mainstream investors.

This compilation of geographically dispersed case studies and experiences is designed as a singular blend of real world situations laced with conceptual structures and relevant theoretical background to provide readers with a comprehensive picture of the economics of externalities. It is hoped that this collection would help researchers and practitioners alike examine externalities in a new light, and to help structure suitable policy to bring investments into shared-services to socially optimal levels.