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
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
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;
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.
Deloitte Services in the Renewable Energy Sector.
II. The Climate Change Issue: An Overview. 1. Definition of Climate
Change. 2. International Conventions Concerning the Climate Change
Issue. 3. Observed Effects and Impacts of Climate Change. 4.
Actions Taken by the International Community. 5. Adaptation to and
Mitigation of Climate Change.
III. The Role of the European Union
(EU). 1. Overview. 2. European Energy Policy. 3. The EU
Renewable Energy Roadmap. 4. Second Strategic Energy Review: An EU
Energy Security and Solidarity Action Plan. 5. Communication of the
Commission in View of Copenhagen 2009.
IV. Renewable Energy: A Chance to Combat Climate Change. 1.
Introduction. 2. Overview of Existing Energy Sources. 3. Costs,
Advantages and Disadvantages of the Different (Renewable) Energy Sources. 4.
Renewable Energy Sources (RES) and their Markets. 5. Renewable Energy
Targets: Progress to Date.
V. EU State Aid Policy and its Programs for Renewable Energy
Investments. 1. European State Aid Policy: A Brief Overview. 2. EU
Regulations in View of State Aid. 3. Community Guidelines on State Aid
for Environmental Protection. 4. Financing Mechanisms and Institutions
in the European Union. 5. Current EU Funding Programs for Renewable
VI. National Instruments and Policies to Promote Renewable Energy Sources
(RES). 1. Introduction. 2. National Instruments to Promote
Renewable Energy Sources (RES). 3. National Policies to Promote
Renewable Energy Sources (RES).
VII. Promotion Schemes and Feed-in Tariffs for Renewable Energy Sources within
the EU-27: A Detailed Country Analysis. VIII. Conclusion and Outlook. Glossary.
List of abbreviations. Bibliography.