Economics of renewable energy

Authored by: Jyoti Prasad Painuly , Norbert Wohlgemuth

Routledge Handbook of Energy Economics

Print publication date:  September  2019
Online publication date:  September  2019

Print ISBN: 9781138208254
eBook ISBN: 9781315459653
Adobe ISBN:


 Download Chapter



Renewable energy now attracts highest investment among all fuels to generate electricity, with wind and solar energy share increasing rapidly in the last few years. This has been possible due to advances in technology and falling costs. Though at global level, renewable energy supplied 18.2% of the total final energy consumption, several countries are now targeting 100% renewables by 2050. For this, a variety of barriers may need to be addressed, including technical (absorption in the grid, storage), market, economic and financial, regulatory and others. Governments’ support may be necessary until a level playing field has been provided by eliminating global fossil fuel subsidies and accounting for environmental externalities from use of fossil fuels.

Search for more...
Back to top

Use of cookies on this website

We are using cookies to provide statistics that help us give you the best experience of our site. You can find out more in our Privacy Policy. By continuing to use the site you are agreeing to our use of cookies.