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The socioeconomic benefits of renewable energy projects

In: Handbook on the Economics of Renewable Energy

Author

Listed:
  • Ana Rosa Gamarra
  • Santacruz Banacloche
  • Natàlia Caldés
  • Yolanda Lechón

Abstract

This chapter provides a review and also some concrete examples of case studies of renewable energy investments and policies using multiregional input-output models (MRIO). In addition, a section dedicated to the assessment of the external costs of RES technologies is included. It shows the relevance and wealth of information derived from such studies with four examples. The objective of the first study was to assess the sustainability impacts of specific renewable energy innovations. The second aimed to evaluate the employment impacts of alternative renewable technologies. The third study conducted a comparative assessment of national programmes of RES investments, and the fourth aimed to assess the socioeconomic impact at a regional level in Europe. Besides, the socioeconomic benefits of air pollution mitigation associated with RES penetration in the transport sector are also presented in a final example. One of the conclusions of this chapter is that, when time and resources allow for it, sound and scientific-based quantitative socioeconomic assessments are required to fully understand the magnitude and causality of such impacts in order to inform and guide investment decisions, design policies, implement measures to minimize adverse effects, boost positive impacts and raise awareness.

Suggested Citation

  • Ana Rosa Gamarra & Santacruz Banacloche & Natàlia Caldés & Yolanda Lechón, 2023. "The socioeconomic benefits of renewable energy projects," Chapters, in: Pablo del Río & Mario Ragwitz (ed.), Handbook on the Economics of Renewable Energy, chapter 6, pages 118-137, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:20354_6
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    File URL: https://www.elgaronline.com/doi/10.4337/9781800379022.00012
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