Solar and Wind Deployment: A Comparison of Experiences in Germany, California and Texas. Facts and brief analysis

Jakob Peter, Christina Elberg, Marc Oliver Bettzüge and Felix Höffler
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Christina Elberg: Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI)
Marc Oliver Bettzüge: Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI)
Felix Höffler: Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI)

No 2015-9, EWI Working Papers from Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI)

Abstract: In light of progressing climate change, both Germany as well as the two U.S. federal states California and Texas have enacted decarbonization strategies based on renewable energies. At the same time, the policy instruments to pursue their goals differ substantially. This comparative study identifies similarities and differences in policy structures as well as the penetration of variable renewable resources. It shows a fast deployment of wind and solar power in Germany at comparatively high cost. At the same time, it reveals that the two U.S. markets could ameliorate the investment conditions for renewable energy via three measures: 1. Reduction of institutional obstacles and transaction costs, 2. Introduction of CO2-pricing (Texas) or increasing CO2-pricing (California), 3. additional support schemes for wind and solar, if substantive reasons for additional support prevail.

Keywords: Comparative Analysis; Decarbonization; RES Deployment; Energy Sector Regulation (search for similar items in EconPapers)
JEL-codes: L94 N70 Q42 Q48 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2015-12-19
New Economics Papers: this item is included in nep-ene, nep-env and nep-reg
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Persistent link: https://EconPapers.repec.org/RePEc:ris:ewikln:2015_009

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