Economic Perspectives of Renewable Energy Systems

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Economic Perspectives of Renewable Energy Systems ( economic-perspectives-renewable-energy-systems )

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Examples in the past show that new energy technologies often succeed only with the help of specific policies and incentives set up to establish new markets and promote technical innovation. Even future energy systems is hard to foresee, there is no doubt about the global growth of energy consumption, the necessity for more decentralised and dispersed energy sources and systems in Europe and other larger regions. This means that larger contribution of Renewables in the global and European energy mix is necessary. Price trends for coal, oil and gas are important for planning future energy systems, but are less predicable. Important is the willingness for the transition from fossil fuels to Renewables. Large-scale market introduction of new technologies (i.e. wind-power, solar-power, bio-fuel production) will have an influence/impact to the environment as well to public acceptance. These facts have to be considered on the basis of “sustainability”, considering energetic, economic, environmental and social aspects. R&D is needed to find adequate solutions. The energy system of tomorrow will be a result of technological innovation and various social, economic and environmental changes. 13. Forecast for Total Primary Energy Supply and share of Renewables to Energy supply Energy forecasts on assumptions of an average growth of TPES and of an average annual capacity of Renewables production are illustrated in the following figures. Worldwide energy forecast: In the case of an average annual growth of TPES with 2% and an average annual growth of Renewables production capacity of 5%, the share of Renewables contribution to TPES will be 30 % in 2050. OECD-Europe forecast: In the case of an average annual growth of TPES with 1% and an average annual growth of Renewables production capacity of 5%, the share of Renewables contribution to TPES will be 33 % in 2050. Austria energy forecast: In the case of an average annual growth of TPES with 1% and an average annual growth of Renewables production capacity of 3%, the share of Renewables contribution to TPES will be 74 %. While in developing countries and countries in transition a higher annual growth rate in TPES is expected, a decrease in industrialized countries is expected – because of more energy-efficiency. 54

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