Impact assessment of climate policy on Poland’s power sector

Abstract This article addresses the impact of the European Union Emissions Trading System (EU ETS) on Poland’s conventional energy sector in 2008 – 2020 and further till 2050. Poland is a country with over 80% dependence on coal in the power sector being under political pressure of the European Union’s (EU) ambitious climate policy. The impact of the increase of the […]

The importance of project finance for renewable energy projects

Given the magnitude of investment needs into low-carbon power generation, the availability and cost of capital is crucial for successful energy transitions. Recently, a strong increase of non-recourse project finance (as compared to corporate finance on a project sponsor’s balance sheets) could be observed for power generation projects. Classical economic motivations for project finance are […]

Six principles for energy innovation

Last month, the European Union marked the tenth year of its Strategic Energy Technology Plan. It is one of many policy initiatives worldwide to accelerate innovation in energy technologies to reduce greenhouse-gas emissions. As the window of opportunity to avert dangerous climate change closes, we urgently need to take stock of these initiatives — what […]

On order and complexity in innovations systems: conceptual frameworks for policy mixes in sustainability transitions

The sheer complexity of sustainability transitions makes it vital to develop simplifying conceptual frameworks. Starting from the contrast between the mainstream innovation-economics and systems-innovation/evolutionary literatures, this paper begins by summarising the “Three Domains” framework, which relates technology innovation and adoption choices to different domains of socio-economic decision-making, at successively larger scales of time and social […]

Rescue US energy innovation

President Trump has proposed severe cuts to US government spending on energy research, development and demonstration, but Congress has the ‘power of the purse’ and can rescue US energy innovation. If serious cuts are enacted, the pace of innovation will slow, harming the economy, energy security and global environmental quality. Written by Laura Diaz Anadon, […]