Renewable energy deployment remains an important issue. Generation of electricity and heat from renewable energy (RE) sources reduces the emission of greenhouse gases, provides energy access in remote areas, and diversifies fossil-fuel reliant energy supply, increasing energy security. As such RE deployment creates environmental and social value. Increasingly, RE deployment also contributes to employment and the emergence of an economic sector which is participating in global competition. The question for decision makers in industrialized countries as well as in emerging economies and developing countries is: How can economic value be generated from RE and how can this process be supported by value enabling policies? This study is set out to offer/develop an analytic framework oriented toward identifying opportunities for value creation along the entire RE value chain; to identify and define RE value creation policies and discuss possibilities for strategic policy interventions to enhance RE value creation; and to deepen the analysis with lessons learnt from the development of RE and other sectors.
This paper presents three individual cases of a wind turbine producer, a wind farm and a wind blade producer to illustrate how foreign collaboration and technology, choice of deployment strategy, and government policy have influenced the sector to continually improve its technology. The findings indicate that foreign technology and collaboration have had a significant role in helping wind energy technology to develop in China, and were also key elements in stimulating indigenous innovation when high prices held the domestic wind market back from massive expansion. While public policy has played a key role in many aspects of the development of the innovation path, the long-term, enduring goal of developing the required technology was the essential driver. The development of the wind sector occurred alongside the economic development and social improvement of the nation. Thus, while it may be too soon to predict the future path of innovation for Chinese wind energy technology, an emphasis on research and development and increasing international competition is a trend that is likely to continue.
In its new report ‘A Greener Budget: Sustaining our Prosperity in a Changing World’, WWF-UK sets out a suite of practical policy recommendations that would help to shift the UK to a sustainable, resource efficient, low-carbon economy.
Drawing on the latest evidence, the report shows how these policy measures are win-wins for the environment and the economy - cutting public sector costs, generating hundreds of thousands of new jobs, creating new market opportunities, improving UK competitiveness, and insulating the economy and businesses from growing risks of resource scarcity and climate change.
Some of these measures will pay off even in the short-term – such as cutting energy and resource use. UK businesses could save £23billion in the space of one year through no-cost or low-cost resource efficiency measures, based on Defra’s own estimates. Other evidence suggests that, over longer time frames, improving the UK’s resource efficiency could generate half a million new jobs by 2030.
This report is the final delivery of the Energy Efficiency Financial Institution Group (EEFIG) summarizing its work and thinking over the 16 months between October 2013 and February 2015. During this time EEFIG has met nearly every month and addressed energy efficiency investments, their drivers and trends, for buildings, industry and SMEs in the European Union (EU). The reports contains recommendations on a range of actions that could help overcome the current challenges to obtaining long-term financing for energy efficiency. It focuses on the following questions to increase the flow of energy efficiency investments from a financial institution’s perspective:
1. What are the most imminent challenges that must be overcome?
2.Who would be the right party to address them?
3. What should the European Commission/EU do?