Journal Article

Large-Scale Deployment of Renewables for Electricity Generation

Karsten Neuhoff

in Oxford Review of Economic Policy

Published on behalf of The Oxford Review of Economic Policy Ltd

Volume 21, issue 1, pages 88-110
Published in print January 2005 | ISSN: 0266-903X
Published online January 2005 | e-ISSN: 1460-2121 | DOI: http://dx.doi.org/10.1093/oxrep/gri005
Large-Scale Deployment of Renewables for Electricity Generation

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  • Economic Development and Growth
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Comparisons of resource assessments suggest that sufficient renewable energy resources are available to allow for large-scale deployment of renewable energy technologies. Economic analysis identifies barriers to the adoption of renewable energy sources resulting from (i) market structure, (ii) competition in an uneven playing field, and (iii) various non-marketplace barriers. However, even if these barriers are removed, the problem of ‘technology lock-out’ remains. The key policy response is strategic deployment coupled with increased R&D support to accelerate the pace of improvement through market experience. This paper suggests significant contributions from various technologies are possible, but does not assess their optimal or maximal market share.

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Subjects: Economic Development and Growth ; Public Economics ; Political Economy ; Public Policy

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