Waste Heat Recovery and RPS Policies in the US

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fact, Germany’s solar resource is on par with Alaska’s. If a sustainable and vibrant solar market is to take root, long-term institutional, financial, and other necessary infrastructure must be put in place. In its 2010 paper “Analysis of the Potential Solar Energy Market in the Caribbean,” CREDP identified a number of obstacles and first-step requirements for a suitable retail solar energy market to develop in the Caribbean. The main obstacles identified were lack of information and lack of resources (financial, grid development, and workforce). CREDP recommends that, to overcome these obstacles (commonly found throughout the world), nations need to • educate the general public and local governments about solar technologies; • compile an inventory of how much solar is already installed and how much more solar is possible (in MWs); • understand the availability of resources and current infrastructure; • put the appropriate institutional support in place to facilitate and encourage such a market. CREDP points out that these four recommendations can be applied to all the renewable energy technologies, not just solar. Economic Development Benefits of Expanding Renewable Energy Markets There are direct and indirect benefits inherent in the formation of a comprehensive renewable energy industry. Saving energy and money are considered direct benefits. In Manlius, Illinois, for example, a 660 kW wind turbine produces enough electricity to save the local school system over $100,000 per year in avoided fuel and electricity costs (Windustry, 2006). Keeping in mind that nearly 75 percent of all clean economy jobs in the United States are located in the top 100 largest metro areas, densely populated urban areas in LAC will likely have the most opportunity to generate direct or indirect economic development benefits (Muro, Rothwell, and Saha, 2011). Job Creation As the world continues to recover from the global recession of 2008, job creation becomes increasingly important. Globally, biomass employs approximately 1.7 million people, solar employs approximately 665,000, wind employs approximately 630,000, hydropower employs approximately 40,000, and geothermal employs approximately 20,000 people (REN21, 2011). Due to the demand for more renewable energy, Germany expects more jobs in renewable Renewable Energy Best Practices in Promotion and Use — Andrea Luecke — Page 12

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