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Full Description
Reflecting its reliance on fossil fuels, the electric power industry produces the majority of the world's greenhouse gas emissions. The need for a revolution in the industry becomes further apparent given that 'decarbonization' means an increasing electrification of other sectors of the economy in particular, through a switch from gasoline to electric vehicles. Of the options for producing electric power without significant greenhouse gas emissions, renewable energy is most attractive to policymakers, as it promises increased national self-reliance on energy supplies and the creation of new industries and jobs, without the safety and political concerns of nuclear power or the unproven technology of carbon capture and storage.Drawing on both economic theory and the experiences of the United States and EU member states, Harnessing Renewable Energy addresses the key questions surrounding renewable energy policies. How appropriate is the focus on renewable power as a primary tool for reducing greenhouse gas emissions? If renewable energy is given specific support, what form should that support take? What are the implications for power markets if renewable generation is widely adopted? Thorough and well-evidenced, this book will be of interest to a broad range of policymakers, the electric power industry, and economists who study energy and environmental issues.
Contents
Chapter 1: Toward a Low-Carbon FuturePart I: TechnologyChapter 2: Renewable Technology Part II: Renewables, Climate Change and Energy PolicyChapter 3: Climate Change: Where are we and where are we heading?Chapter 4: Renewables and Security of Supply, a European PerspectiveChapter 5: Market Failure and the Structure of Externalities Chapter 6: Renewable Energy, Emissions Trading and Energy EfficiencyPart III: Renewables and Electric Power MarketsChapter 7: Electricity Wholesale Market Design in a Low Carbon FutureChapter 8: Electricity and Gas Regulation in a Low Carbon World Chapter 9: Investment Incentives In Renewable and Non- Renewable TechnologiesChapter 10: Designing a Super GridPart IV: National ExperiencesChapter 11: USAChapter 12: The European UnionChapter 13: United KingdomChapter 14: Germany Chapter 15: Spanish Renewable Strategy. Past Experience, Current Challenges and Future OpportunitiesChapter 16: Conclusion
