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A Review of Renewable Energy Supply and Energy Efficiency Technologies

  • Abolhosseini, Shahrouz

    ()

    (Seoul National University)

  • Heshmati, Almas

    ()

    (Jönköping University, Sogang University)

  • Altmann, Jörn

    ()

    (Seoul National University)

Electricity consumption will comprise an increasing share of global energy demand during the next two decades. In recent years, the increasing prices of fossil fuels and concerns about the environmental consequences of greenhouse gas emissions have renewed the interest in the development of alternative energy resources. In particular, the Fukushima Daiichi accident was a turning point in the call for alternative energy sources. Renewable energy is now considered a more desirable source of fuel than nuclear power due to the absence of risk and disasters. Considering that the major component of greenhouse gases is carbon dioxide, there is a global concern about reducing carbon emissions. In this regard, different policies could be applied to reducing carbon emissions, such as enhancing renewable energy deployment and encouraging technological innovations. Two main solutions may be implemented to reduce CO2 emissions and overcome the problem of climate change: replacing fossil fuels with renewable energy sources as much as possible and enhancing energy efficiency. In this paper, we discuss alternative technologies for enhancing renewable energy deployment and energy use efficiency.

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Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 8145.

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Length: 36 pages
Date of creation: Apr 2014
Date of revision:
Handle: RePEc:iza:izadps:dp8145
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