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Contents


About the Contributors                                                      ix
List of Figures and Tables                                                 xiii
Acknowledgments                                                            xix
Acronyms and Abbreviations                                                 xxi

Foreword                                                                  xxvii
  Günther Oettinger

Chapter 1. Toward a Low-Carbon Future in Electricity?                        1
  Boaz Moselle, Jorge Padilla, and Richard Schmalensee

Part I. Technology                                                           5

Chapter 2. Renewable Energy Technologies for Electricity Generation          7
  Godfrey Boyle

Part II. Renewables, Climate Change, and Energy Policy                      31

Chapter 3. Renewables Forecasts in a Low-Carbon World: A Brief Overview     33
  Erin T. Mansur
Chapter 4. Renewable Generation and Security of Supply                      51
  Boaz Moselle
Chapter 5. Market Failure and the Structure of Externalities                69
  Kenneth Gillingham and James Sweeney
Chapter 6. Renewable Energy, Energy Efficiency, and Emissions Trading       93
  José Goldemberg
viii    Harnessing Renewable Energy in Electric Power Systems


Part III. Renewable Generation and Electric Power Markets                 111

Chapter 7. Electricity Wholesale Market Design in a Low-Carbon Future     113
  William W. Hogan
Chapter 8. Energy Regulation in a Low-Carbon World                        137
  Richard Green
Chapter 9. Building Blocks: Investment in Renewable and Nonrenewable
  Technologies                                                            159
  James Bushnell
Chapter 10. Developing a Supergrid                                        181
  Christian von Hirschhausen

Part IV. National Experiences                                             207

Chapter 11. Renewable Electricity Generation in the United States         209
  Richard Schmalensee
Chapter 12. The European Union’s Policy on the Development of Renewable
  Energy                                                                  233
  Christopher Jones
Chapter 13. UK Renewable Energy Policy since Privatization                253
  Michael G. Pollitt
Chapter 14. Experience with Renewable Energy Policy in Germany            283
  Hannes Weigt and Florian Leuthold
Chapter 15. Renewable Electricity Support: The Spanish Experience         309
  Luis Agosti and Jorge Padilla

Conclusions: Whither Renewable Generation?                                327
  Boaz Moselle, Jorge Padilla, and Richard Schmalenesee

Index                                                                     335

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Contents

  • 1. Contents About the Contributors ix List of Figures and Tables xiii Acknowledgments xix Acronyms and Abbreviations xxi Foreword xxvii Günther Oettinger Chapter 1. Toward a Low-Carbon Future in Electricity? 1 Boaz Moselle, Jorge Padilla, and Richard Schmalensee Part I. Technology 5 Chapter 2. Renewable Energy Technologies for Electricity Generation 7 Godfrey Boyle Part II. Renewables, Climate Change, and Energy Policy 31 Chapter 3. Renewables Forecasts in a Low-Carbon World: A Brief Overview 33 Erin T. Mansur Chapter 4. Renewable Generation and Security of Supply 51 Boaz Moselle Chapter 5. Market Failure and the Structure of Externalities 69 Kenneth Gillingham and James Sweeney Chapter 6. Renewable Energy, Energy Efficiency, and Emissions Trading 93 José Goldemberg
  • 2. viii Harnessing Renewable Energy in Electric Power Systems Part III. Renewable Generation and Electric Power Markets 111 Chapter 7. Electricity Wholesale Market Design in a Low-Carbon Future 113 William W. Hogan Chapter 8. Energy Regulation in a Low-Carbon World 137 Richard Green Chapter 9. Building Blocks: Investment in Renewable and Nonrenewable Technologies 159 James Bushnell Chapter 10. Developing a Supergrid 181 Christian von Hirschhausen Part IV. National Experiences 207 Chapter 11. Renewable Electricity Generation in the United States 209 Richard Schmalensee Chapter 12. The European Union’s Policy on the Development of Renewable Energy 233 Christopher Jones Chapter 13. UK Renewable Energy Policy since Privatization 253 Michael G. Pollitt Chapter 14. Experience with Renewable Energy Policy in Germany 283 Hannes Weigt and Florian Leuthold Chapter 15. Renewable Electricity Support: The Spanish Experience 309 Luis Agosti and Jorge Padilla Conclusions: Whither Renewable Generation? 327 Boaz Moselle, Jorge Padilla, and Richard Schmalenesee Index 335