Real options (RO) theory is well known for enhancing the value of projects under uncertainty. This is achieved by modelling the flexibility that managers possess to adjust the projects in response to changes in their environments. Based on this, RO theory could be used to tackle current energy...

In recent years, wind energy utilization has become increasingly attractive on economic grounds. Wind turbines for electricity generation employ a proven technology, supply energy on a reliable and sustainable basis, and at good, windy sites may even be competitive with conventional sources of...

Intermittent renewable energy sources, such as wind and solar, will become increasingly important in the electricity supply mix if ambitious renewable energy targets are to be met. This paper presents evidence on the effectiveness of different strategies and measures to increase the capacity...

Offshore natural-gas discoveries have released Israel from complete reliance on imported primary fuels and are allowing for a cleaner energy mix. Furthermore, additional production will soon come on stream, and there is a reasonable chance of new commercially viable gas finds, and possibly of...

This paper fills a gap in the macroeconomic literature on renewable sources of energy. It offers a definition of green investment and analyzes the trends and determinants of this investment over the last decade for 35 advanced and emerging countries. We use a new multi-country historical dataset...

China is facing a number of challenges such as electricity supply shortages, excessive consumption of fossil fuels and environmental pollution. As a renewable energy, wind power plays a vital role in mitigating these issues. With its unique geographical location and rich resources, China has...

Wind is one of the cleanest sources of renewable energy. The confidence on wind power can be realized from the recent growth of wind power at global level. Several countries have set specific target to meet substantial portion of their domestic energy demand from wind while many others have...

Economic evaluation of green or renewable power should compare the cost of renewable power with the cost savings from displaced fossil generation plus the avoided harm from reduced emissions of air pollution and greenhouse gases. We use existing estimates of the values of the harm and we...

The outcome of COP15, the conference on climate change in Copenhagen, was the Copenhagen Accord which was recognised by the 193 countries that attended. The Accord set no compulsory limits on carbon emissions, and none of the countries that introduced it – USA, China, India [with Brazil and...

A new generator portfolio planning model is described that is capable of quantifying the carbon emissions associated with systems that include very high penetrations of variable renewables. The model combines a deterministic renewable portfolio planning module with a Monte Carlo simulation of...