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Reducing fossil fuels use while promoting the adoption of clean and renewable energy sources is crucial for mitigating climate change and attaining the sustainable development goals. This study investigates the driving forces of the share of non-hydroelectricity sources in total electricity generation. Using panel data of forty-six developed and developing countries over 1980–2011 and employing panel cointegration estimation techniques, we examine the key factors that influence the share of non-hydro renewable energy sources in the short and long run. The results of the study show that the driving factors have different impacts on the size and share of non-hydro renewable energy; and these impacts are mostly in the long run. Oil price increase and financial development has a significant positive effect on the amount and share of non-hydro renewable electricity generation. The impact of trade openness is ambiguous. Economic development enhances the size of non-hydro renewables but undermines its share in total electricity. Foreign direct investments, ratification of the Kyoto protocol, gross fixed capital formation and resource rent have no significant impact on non-hydro renewable electricity generation. Based on the results, appropriate policy recommendations are proffered. [ABSTRACT FROM AUTHOR]

Solar photovoltaic systems are considered vital renewable energy sources for mitigating climate change and reducing dependency on fossil fuels. However, in some countries, the diffusion rate of photovoltaic systems is decreasing. A case in point is Germany, the country with the highest installed capacity of photovoltaic systems. Given the new conditions in the German market, the diffusion rate continuously declined in both 2012 and 2013. Whether the diffusion rate will again take off is not known. While the recent literature has pointed out that local solar companies have a vital driving role in diffusion, not many studies have yet discussed the business models and challenges such local companies may have. Through an extensive case study, this paper explores the business model of a local solar company in a town of 43,000 habitants in Southern Germany. The case of this company tells about an important business model challenge. Overcoming such challenges may not only let the company survive but also drive the diffusion of solar photovoltaic systems in the region. The results include implications for both industrial actors and policymakers. [ABSTRACT FROM AUTHOR]

Mitigating climate change is driving the need to decarbonize the electricity sector, for which various possible technological options exist, alongside uncertainty over which options are preferable in terms of cost, emissions reductions, and energy security. To reduce this uncertainty, we here quantify two questions for the power system of Great Britain (England, Wales and Scotland): First, when compared within the same high-resolution modeling framework, how much do different combinations of technologies differ in these three respects? Second, how strongly does the cost and availability of grid-scale storage affect overall system cost, and would it favor some technology combinations above others? We compare three main possible generation technologies: (1) renewables, (2) nuclear, and (3) fossil fuels (with/without carbon capture and storage). Our results show that across a wide range of these combinations, the overall costs remain similar, implying that different configurations are equally feasible both technically and economically. However, the most economically favorable scenarios are not necessarily favorable in terms of emissions or energy security. The availability of grid-scale storage in scenarios with little dispatchable generation can reduce overall levelized electricity cost by up to 50%, depending on storage capacity costs. The UK can rely on its domestic wind and solar PV generation at lower renewable shares, with levelized costs only rising more than 10% above the mean of 0.084 GBP/kWh for shares of 50% and below at a 70% share, which is 35% higher. However, for more than an 80% renewable generation share to be economically feasible, large-scale storage, significantly more power imports, or domestic dispatchable renewables like tidal range must be available. [ABSTRACT FROM AUTHOR]