By OECD Publishing; International Energy Agency
The worldwide power approach faces pressing demanding situations. matters approximately strength defense are turning out to be, as highlighted by means of the hot political turmoil in Northern Africa and the nuclear incident in Fukushima. while, the necessity to reply to weather switch is extra serious than ever. in contrast historical past, many governments have elevated efforts to advertise deployment of renewable power – low-carbon assets that could enhance power defense. This has motivated unparalleled upward thrust in deployment, and renewables are actually the fastest
growing quarter of the power mix.
This “coming of age” of renewable power additionally brings demanding situations. development is targeted on some of the on hand applied sciences, and speedy deployment is constrained to a comparatively small variety of nations. in additional complex markets, handling help bills and procedure integration of huge stocks of renewable power in a time of financial weak point and funds austerity has sparked lively political debate.
The IEA’s new record, Deploying Renewables 2011: top and destiny coverage Practice:
· offers a finished evaluation and research of renewable strength coverage and industry trends;
· Analyses intimately the dynamics of deployment and gives best-practice coverage rules for various levels of industry maturity;
· Assesses the influence and cost-effectiveness of aid rules utilizing new methodological instruments and indicators;
· Investigates the strategic purposes underpinning the pursuit of RE deployment through diverse nations and the clients for globalisation of RE.
This new publication builds on and extends a 2008 IEA ebook, drawing on contemporary coverage and deployment event world-wide. It presents counsel for coverage makers and different stakeholders to prevent previous error, conquer new demanding situations and take advantage of deploying renewables – at the present time and the next day to come.
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Extra resources for Deploying Renewables : Best and Future Policy Practice
This amount is twice as high as during the first round of offshore project deployments and partially reflects a shortage in O&M providers (BNEF, 2010a). indd 45 © OECD/IEA, 2011 The investment costs for offshore wind have increased in recent years. In 2003, projects had an estimated project capital expense of USD 1 900/kW installed; in 2010, prices reached USD 4 800/kW. This increase has been the result of: (i) rising costs of input materials, such as steel and copper; (ii) withdrawal of a number of engineering, procurement and construction providers and turbine manufacturers (Vestas during 2006/07); (iii) a crunch in the availability of installation vessels; and (iv) a lack of competition among offshore wind turbine manufacturers (BNEF, 2010a).
Feedstock costs are less significant and should in many cases be much less susceptible to feedstock cost variability, and the price for processes that rely on residues or non-food crops. Because these processes are not yet fully commercialised, production cost estimates are uncertain and based on design studies rather than practical experience. 18). Also, because the processes are novel, considerable scope is available for cost reduction and improvements in efficiency and product yield. These processes are expected to yield biofuels that are competitive with gasoline (and with conventional biofuels) between 2030 and 2040 (IEA, 2011c).
Chapter 3 reviews progress in policy development. It focuses on the following issues: • the main drivers for promoting RE as a component of the energy mix; • the main barriers to RE deployment; • the policy tools that have been successfully put to use to tackle them; • the relevance of the policy principles developed in the 2008 edition of Deploying Renewables, the scope for extending them, and their applicability to the electricity, heat and transport sectors; and • the policy challenges characteristic of different stages along the deployment journey, and how they can best be tackled.