ALL EYES ON Renewable Energy: Incentives, Investment and Inteartion

摘要

Renewable energy has followed a path common to disruptive technologies. This development can be summarized in three phases; incentives which act to spur technological improvement, investment growth in which the bulk of investment shifts increasingly from the public to the private sector and finally more widespread integration through increased grid flexibility. The tangible result of this phased development can be seen in the sharp decline of capital costs, the spread of renewable technology to developing countries and the phasing out of some incentives in developed countries. The combination of incentives, investment and integration acting together over time to lower cost and increase the competitiveness of RE is summarized in Figure 3.