Deloitte Services, Renewable Energy, Climate Change, International Conventions Concerning the Climate Change Issue, Effects, Impacts, International Community, Adaptation, Mitigation, European Energy Policy, EU, EU Energy Security and Solidarity Action Plan, Communication of the Commission in View of Copenhagen 2009, Existing Energy Sources, Costs, Renewable Energy Sources (RES), Targets, Progress to Date, European State Aid Policy, EU Regulations, Community Guidelines on State Aid for Environmental Protection, Financing Mechanisms and Institutions, National Instruments, National Policies
Everybody knows that climate change is one of the greatest threats facing the planet. The costs of failure to act are becoming unthinkable. Yet we know now that if developed countries agree to cut their collective emissions by 30% by 2020, annual economic growth would be trimmed by less than 0.2% – a small price to pay to avoid the potential long-term costs of climate change. Moreover, it is easy to appreciate the positive value of other benefits such as reduced air pollution, security of energy supply at predictable prices, and improved competitiveness through innovation.
Now, for the growing number of enterprises and investors committed to combating climate change with renewable energy technologies, here at last is a minutely detailed analysis of the opportunities and obstacles involved in developing a coherent and effective business strategy. Beginning with an in-depth and up-to-date overview of what we know about the climate change issue, the author goes on to an extensive survey of Renewable Energy Sources (RES), both existing and under development. Recognizing that, in the current state of global awareness, the European Union has taken by far the largest steps in tackling the enormous problems entailed by climate change, she explores in unprecedented detail the various “green” energy incentives and support schemes available under various programs available both at EU level and in each of the 27 Member States.
Both project developers and investors will find out here exactly how to:
- significantly reduce the main market entry barrier – high costs;
- exploit synergies and avoid negative spillover effects through coordinated action;
- draw on all available policy levers, fiscal policies, structural and financial market reforms and external action;
- ensure full coherence between immediate actions and the EU’s medium- to longer term objectives;
- take full account of the global nature of the problem and shape the EU’s contribution to international responses;
- comply with technical provisions for monitoring, reporting and verification; and
- discern investment trends in the RES markets.
- Providing both knowledge of the industry and of relevant investment instruments, Renewable Energy Sources will serve as a powerful liaison between project developers and investors in the renewable energy market. Interested companies and their counsel will find here a ready reference for information on sources of equity/venture capital, detailed knowledge of available subsidies, business expansion strategies, viable investment options, and advantageous networks.
Clarisse Fräss-Ehrfeld, Renewable Energy Sources: a Chance to Combat Climate Change (Kluwer Law, The Netherlands 2009)