CURRENT CONCERNS AND TRENDS IN THE BUSINESS OF RENEWABLE ENERGY

Achieving sustainable growth of the renewable energy market is vital in order to reach global targets for sustainability and environmental improvement. The present paper analyzes changes in the market of renewable energy, technological advances, potential benefits, as well as present and future obst...

Full description

Saved in:
Bibliographic Details
Published in:Management Research and Practice 2014-12, Vol.6 (4), p.5-22
Main Author: Chinie, Alexandra Catalina
Format: Article
Language:English
Subjects:
Alternative energy sources
Biomass
Business models
Collaboration
Developing countries
Economy
Efficiency
Electricity
Electricity distribution
Energy efficiency
Energy industry
Energy resources
Entrepreneurs
Hydroelectric power
International
LDCs
Renewable resources
Solar energy
Studies
Sustainable development
Tariffs
Technological change
Trends
Wind power
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Achieving sustainable growth of the renewable energy market is vital in order to reach global targets for sustainability and environmental improvement. The present paper analyzes changes in the market of renewable energy, technological advances, potential benefits, as well as present and future obstacles. Changes of the renewable energy support systems have lead to a reconsideration of what drives investments in the field and how the business can be fostered on the long-term. Although significant reductions of the costs for renewable energy have been achieved, as is the case of photovoltaic energy, the high investment cost, as well as the difference between prices for energy from renewable sources and prices for conventional energy, still represent barriers to be overcome by the investors. Ways of improving the distribution and storage of energy from renewable energy are continuously being researched. The present paper empirically proves the importance of entrepreneurship and innovative business models in developing the renewable energy market, as well as technological research that would lead to the long-term cost efficiency of renewable energy.
ISSN:2067-2462