Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 17 February 2020

Abstract and Keywords

This chapter investigates the prospects of renewable energy from an economic point of view and presents a few economic models that address specific issues. Although the transition to renewable energy is inevitable given the threats the world faces otherwise, the path is not so simple and definitely cannot be driven by only market forces. The upshot is that the prospects of substantial and cheap availability of renewable energy are very unlikely on economic grounds unless a number of issues, in particular regarding substantial technical breakthroughs and binding agreements on global warming mitigation, are simultaneously satisfied. Otherwise crucial players will counteract or undermine the apparent profitability. However, there is no alternative to renewable energy. Ultimately, renewable energy must prove its use in the market, and energy poverty in the Third World provides a huge and profitable playground for this.

Keywords: barriers, commitment, constraints, forecast, modeling, R&D, renewable energy, transition

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.