Top down strategy for renewable energy investment: Conceptual framework and implementation |
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| Affiliation: | 1. Ivey School of Business, Western University, 1255 Western Road, London, ON N6G 0N1, Canada;2. Rotterdam School of Management, Erasmus University Rotterdam, Burgemeester Qudlaan 50, 3062 PA, Rotterdam, The Netherlands;3. Cambridge Judge Business School, Trumpington Street, Cambridge CB2 1AG, UK;1. Macquarie Business School, Macquarie University, Sydney, NSW 2113, Australia;2. Faculty of Industrial Engineering, K. N. Toosi University of Technology, Tehran, Iran;1. ETH Zurich, Department of Management, Technology and Economics, Weinbergstrasse 56/58, 8092 Zurich, Switzerland;2. Stanford University, Stanford Graduate School of Business, 655 Knight Way, Stanford, CA 94305, USA;1. College of Economics, Shenzhen University, Shenzhen, Guangdong, 518060, China;2. Department of Business Administration, Administration Technical College, Erbil Polytechnic University FPTP, Universiti Tun Hussein Onn, Malaysia;3. Department of Economics, Islamia College Peshawar, Pakistan;4. Department of Accounting and Finance, Faculty of Economics and Administrative Sciences, Cyprus International University, Mersin 10, Haspolat, 99040, Turkey;5. School of Accounting, Zhejiang University of Finance & Economics, China |
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| Abstract: | Electricity market is undergoing a tremendous transformation throughout the world. A drastic reduction of carbon emission cannot be realized if renewable energy resources are not increased in share of generation mix. Currently, most of the traditional mechanisms, including regulatory policies, fiscal incentives and public financing, are initiated from and heavily relied on policymakers and governments. However, not only these schemes do not necessarily align with business interests of investors, but also the motivations for renewable energy developments are always initiated by governments. In order to realize the full potential of renewable energy investment, an innovative approach is necessary to motivate investors and lessen government expenditures.In this paper, we present a top down strategy for renewable energy investment. The proposed approach is a three-step framework. By applying the approach, renewable energy global market leaders and trends will be identified and analyzed that included: (1) economics and renewable energy policy, (2) specific renewable energy sectors that presents the most attractive investment opportunity, (3) and finally the most promising renewable energy investment vehicles for investors. Other stakeholders can also use the developed framework, such as consumers and policymakers, to make socio-economic decisions and assess renewable energy investments. |
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| Keywords: | Renewable energy Renewable energy policy Renewable energy investment |
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