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.
Table of Contents
Chapter 1: Toward a Low-Carbon Future
Part I: Technology
Chapter 2: Renewable Technology
Part II: Renewables, Climate Change and Energy Policy
Chapter 3: Climate Change: Where are we and where are we heading?
Chapter 4: Renewables and Security of Supply, a European Perspective
Chapter 5: Market Failure and the Structure of Externalities
Chapter 6: Renewable Energy, Emissions Trading and Energy Efficiency
Part III: Renewables and Electric Power Markets
Chapter 7: Electricity Wholesale Market Design in a Low Carbon Future
Chapter 8: Electricity and Gas Regulation in a Low Carbon World
Chapter 9: Investment Incentives In Renewable and Non- Renewable Technologies
Chapter 10: Designing a Super Grid
Part IV: National Experiences
Chapter 11: USA
Chapter 12: The European Union
Chapter 13: United Kingdom
Chapter 14: Germany
Chapter 15: Spanish Renewable Strategy. Past Experience, Current Challenges and Future Opportunities
Chapter 16: Conclusion