Policy Instruments to Support RE Industrial Value Chain Development
IEA-RETD RE-ValuePolicies Project
An IEA-RETD workshop organised by GWS, DIE and ISI
2 May 2013 in Bonn
The discussion on increasing rates of renewable energy technology (RET) deployment seems to have shifted from ‘why?’ to ‘how?’. Investment in RET around the world has increased steadily over the last ten years, reflecting a growing understanding of the pressing issues of global warming, energy security and energy access and the role renewables can play in resolving these issues. The challenges for turning RET deployment successes – measured in terms of capacity installed, electricity produced etc. – into economic successes in terms of jobs or value added, however, are manifold. As suggested in earlier analyses commissioned by IEA-RETD, it is now necessary that:
- Countries look at clean energy as a form of industrial policy or an economic competitiveness strategy, or they might well fall short of reaching the potential to scale-up technologies to achieve economic benefit from them, while collectively failing to reduce emissions of greenhouse gases as well. (source: FINANCE-RE)
- Governments treat renewable energy as a strategic choice and develop economic policies along the line of the full value chain from innovation to deployment and export. (source: FINANCE-RE 2)
In light of these challenges, IEA-RETD has commissioned a study on possible instruments to best support the renewable energy industrial value chain – the study aims to assess a basket of cross-cutting policy instruments (innovation, labour, industrial, finance, export, etc.) which could complement the set of RE policies currently used, in order to enable countries to increase the economic benefits of the further development of the RE industry.
The workshop aimed to discuss the initial result from the inception report.