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urgent, the growing depletion of those resources; secondly, the negative ecological impact of their utilization; and thirdly the “unfair” market competition of those resources with alternative, renewable resources, thus influencing the pace of their development. • The trend of market liberalization also initiated merchant power plants. The governments should recognize that a power sector based on merchant power plants, dispatched according to competitive bidding is not compatible with the development of renewable energy power plants, which cannot be dispatched to accommodate fluctuating demand, because the up-front investment in fuel must be recovered on a continuous basis. The new, more sensitive approach should synchronize the options for the sake of global energy sustainability. Indication of Price Level Recently the cost of renewable energy power generation (most of the resources) has become competitive with conventional fuels. However, the competition should be fair, by including the externalities in renewables and refraining from fossil fuel subsidies. Most Important Renewable Energy Resource This depends on the country concerned. The existence of indigenous renewable resources is, of course, a precondition. Importance of Environmental Benefits These are very important. The positive influence of renewable power generation on the environment is one of the key promoters of renewable projects, although not the only one. “Diversification of resources” also plays a part. Most Important Developments for the Future • climate change related mechanisms • Government legislation or regulatory initiatives, such as “renewable energy set-asides” (RPS – Renewable Portfolio Standards – in the U.S., U.K. Renewable Obligation, etc.) • Export Credit Agencies promoting fast-track renewable project implementation • The rich countries should support access to renewables by the rural poor CASE STUDIES a. R&D Phase A steadily continuing process. In order to be competitive, the proprietary technology needs to be updated on a continuous basis.PDF Image | Organisations in Different Renewables
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