By Pere Mir-Artigues, Pablo del Río
This publication offers an up to date, rigorous research of the state-of-the-art of sunlight photovoltaic (PV) new release. It makes a speciality of the commercial research of sunlight PV iteration applied sciences in addition to the rules which were devised and carried out world wide to aid it. It presents the most theoretical instruments for realizing the price of those applied sciences, and discusses them from either a old and comparative point of view with recognize to different competing applied sciences (both traditional and renewable). moreover, it provides the conceptual reason to maximise reader insights into even if and the way public aid for those applied sciences is justified in addition to the results for the financial system of alternative promoting measures. Integrating options from assorted economics disciplines (environmental economics, innovation economics, business economics and public economics) right into a coherent foundation for the research of the prices and rules for sunlight PV electrical energy, it offers an replace to the literature to mirror contemporary advances in and deployments of sunlight electrical energy and the drastic aid in linked costs.
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Additional info for The Economics and Policy of Solar Photovoltaic Generation
These issues are briefly addressed in the following paragraphs. The ﬁrst factor refers to reserves, both regarding the amount existing in the Earth crust as well as the speed at which they are extracted. The ﬁgure for global reserves is never exact due to the lack of sufﬁcient geological information. However, all these materials seem to be present in the Earth crust in a quantity much higher than any future need of the solar PV sector (MIT 2015: 133–134). The real problem is to ﬁnd them with a degree of concentration which allows their extraction (technical perspective) and justiﬁes it (economic criterion).
The third aspect to be considered is the reaction of the markets to the global scarcity and the restrictions which could eventually appear. The market for these rare metals is quite special. On the one hand, only one or a few ﬁrms control the world supply (under the close look of the respective governments); on the other hand, their price is usually low when their uses are unclear; and they go up fast when their demand is activated. Although these materials are only a minuscule fraction of the total costs of a module (less than 1 %), this market is prone to speculation.
On the one hand, only one or a few ﬁrms control the world supply (under the close look of the respective governments); on the other hand, their price is usually low when their uses are unclear; and they go up fast when their demand is activated. Although these materials are only a minuscule fraction of the total costs of a module (less than 1 %), this market is prone to speculation. The increase in prices can be disproportionate and takes place before the appearance of real quantitative restrictions.