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Faster Than You Think: Renewable Energy and Developing Countries

Author

Listed:
  • Channing Arndt
  • Doug Arent
  • Faaiqa Hartley
  • Bruno Merven
  • Alam Hossain Mondal

Abstract

Since 2007, large and unexpected declines in generation costs for renewable energy systems, particularly solar but also wind, combined with policy measures designed to limit greenhouse gas emissions, have created a paradigm shift in energy systems. Variable renewable energy now dominates total investment in electricity power generation systems. This dominance of variable renewable energy in investment has thrust the systems integration task of matching electricity supply with demand to center stage, presenting new challenges for energy policy and planning as well as for the institutional organization of power systems. Despite these challenges, there is ample reason to believe that variable renewables will attain very high levels of penetration into energy systems, particularly in regions well endowed with solar and wind potential. Similar to their success with mobile phone telephony, many developing countries have a significant opportunity to leapfrog directly to more advanced energy technologies that are low cost, reliable, environmentally more benign, and well suited to serving dispersed rural populations.

Suggested Citation

  • Channing Arndt & Doug Arent & Faaiqa Hartley & Bruno Merven & Alam Hossain Mondal, 2019. "Faster Than You Think: Renewable Energy and Developing Countries," Annual Review of Resource Economics, Annual Reviews, vol. 11(1), pages 149-168, October.
    • Handle: RePEc:anr:reseco:v:11:y:2019:p:149-168
    DOI: 10.1146/annurev-resource-100518-093759
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    Citations

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    Cited by:

    1. Neupane, Deependra & Kafle, Sagar & Karki, Kaji Ram & Kim, Dae Hyun & Pradhan, Prajal, 2022. "Solar and wind energy potential assessment at provincial level in Nepal: Geospatial and economic analysis," Renewable Energy, Elsevier, vol. 181(C), pages 278-291.
    2. Agnieszka Wałachowska & Aranka Ignasiak-Szulc, 2021. "Comparison of Renewable Energy Sources in ‘New’ EU Member States in the Context of National Energy Transformations," Energies, MDPI, vol. 14(23), pages 1-17, November.
    3. Magalhaes, M. & Ringler, C. & Verma, Shilp & Schmitter, Petra, 2021. "Accelerating rural energy access for agricultural transformation: contribution of the CGIAR Research Program on Water, Land and Ecosystems to transforming food, land and water systems in a climate cri," IWMI Books, Reports H050910, International Water Management Institute.
    4. Sabarathinam Srinivasan & Suresh Kumarasamy & Zacharias E. Andreadakis & Pedro G. Lind, 2023. "Artificial Intelligence and Mathematical Models of Power Grids Driven by Renewable Energy Sources: A Survey," Energies, MDPI, vol. 16(14), pages 1-56, July.
    5. Lisa Reyes Mason & Colleen Cummings Melton & Darian Gray & Andrea L. Swallow, 2022. "Climate Change, Social Work, and the Transition Away from Fossil Fuels: A Scoping Review," Sustainability, MDPI, vol. 14(12), pages 1-17, June.
    6. Mohd Yahya, Nur Syahira & Ng, Lik Yin & Andiappan, Viknesh, 2021. "Optimisation and planning of biomass supply chain for new and existing power plants based on carbon reduction targets," Energy, Elsevier, vol. 237(C).
    7. Henry, Candise L. & Baker, Justin S. & Shaw, Brooke K. & Kondash, Andrew J. & Leiva, Benjamín & Castellanos, Edwin & Wade, Christopher M. & Lord, Benjamin & Van Houtven, George & Redmon, Jennifer Hopo, 2021. "How will renewable energy development goals affect energy poverty in Guatemala?," Energy Economics, Elsevier, vol. 104(C).
    8. Channing Arndt & Chris Loewald & Konstantin Makrelov, 2020. "Climate change and its implications for central banks in emerging and developing economies," Working Papers 10001, South African Reserve Bank.
    9. Vafa Anvari & Channing Arndt & Faaiqa Hartley & Konstantin Makrelov & Kenneth Strezepek & Tim Thomas & Sherwin Gabriel & Bruno Merven, 2022. "AclimatechangemodellingframeworkforfinancialstresstestinginSouthernAfrica," Working Papers 11030, South African Reserve Bank.
    10. Briera, Thibault & Lefèvre, Julien, 2024. "Reducing the cost of capital through international climate finance to accelerate the renewable energy transition in developing countries," Energy Policy, Elsevier, vol. 188(C).
    11. Magalhaes, M. & Ringler, C. & Verma, Shilp & Schmitter, Petra, 2022. "Accelerating rural energy access for agricultural transformation: contribution of the CGIAR Research Program on Water, Land and Ecosystems to transforming food, land and water systems in a climate cri," IWMI Reports 329154, International Water Management Institute.
    12. Muhammad, Sulaman & Pan, Yanchun & Ke, Xiao & Agha, Mujtaba Hassan & Borah, Prasad Siba & Akhtar, Muhammad, 2023. "European transition toward climate neutrality: Is renewable energy fueling energy poverty across Europe?," Renewable Energy, Elsevier, vol. 208(C), pages 181-190.
    13. Bhuvaneskumar Annamalaisamy & Sivakumar Vepur Jayaraman, 2023. "Renewable energy for sustainable development in Asia‐Pacific region: Do foreign direct investment and regulatory quality matter?," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(1), pages 108-124, February.

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