EP 59

Karsten Neuhoff

Large Scale Deployment of Renewables for Electricity Generation

EP 59  | Non-Technical Summary | PDF

Abstract: Comparisons of resource assessments suggest resource constraints are not an obstacle to the large-scale deployment of renewable energy technologies. Economic analysis identifies barriers to the adoption of renewable energy sources resulting from market structure, competition in an uneven playing field and various non-market place 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. The paper suggests significant contributions from various technologies, but does not assess their optimal or maximal market share.

Keywords: technology policy, renewable energy, learning externalities, market structure

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