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The economics of spatial-dynamic processes: Applications to renewable resources

Dates

Year
2009

Citation

Smith, M.D., Sanchirico, J.N., and Wilen, J.E., 2009, The economics of spatial-dynamic processes: Applications to renewable resources: Journal of Environmental Economics and Management, v. 57, iss. 1, p. 104-121.

Summary

This paper presents an overview of the main issues associated with the economics of offshore wind. Investment in offshore wind systems has been growing rapidly throughout Europe, and the technology will be essential in meeting EU targets for renewable energy in 2020. Offshore wind suffers from high installation and connection costs, however, making government support essential. We review various support policies used in Europe, concluding that tender-based feed-in tariff schemes, as used in Denmark, may be best for providing adequate support while minimising developers' rents. It may prove economic to build an international offshore grid connecting wind farms belonging to different countries that are sited close to each other.

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Attached Files

Communities

  • Western Energy Citation Clearinghouse

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Additional Information

Identifiers

Type Scheme Key
DOI WECC []
ISSN WECC 00950696

Citation Extension

citationTypeJournal Article
journalJournal of Environmental Economics and Management
parts
typePages
value104-121
typeVolume
value57
typeIssue
value1

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