Investment in wind power and pumped storage in a real options model

Wolf Heinrich Reuter, Sabine Fuss, Jana Szolgayová and Michael Obersteiner

Renewable and Sustainable Energy Reviews, 2012, vol. 16, issue 4, 2242-2248

Abstract: Promoting renewable energy has been a key ingredient in energy policy seeking to de-carbonize the energy mix and will continue to do so in the future given the European Union's high ambitions to further curb carbon emissions. A wide range of instruments has been suggested and implemented in various countries of the EU. A prominent policy promoting investment in renewable technologies is the use of feed-in tariffs, which has worked well at large scale in, e.g. Germany, but which has only been implemented in a very limited way in countries such as the UK.

Keywords: Wind; Hydro pumped storage; Real options; Energy policy; Market effects (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (42)

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DOI: 10.1016/j.rser.2012.01.025

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