Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1038/s41893-019-0375-2 |
Adverse effects of rising interest rates on sustainable energy transitions | |
Schmidt, Tobias S.1; Steffen, Bjarne1; Egli, Florian1; Pahle, Michael2; Tietjen, Oliver2,3; Edenhofer, Ottmar2,3,4 | |
2019-09-01 | |
发表期刊 | NATURE SUSTAINABILITY |
ISSN | 2398-9629 |
出版年 | 2019 |
卷号 | 2期号:9页码:879-885 |
文章类型 | Article |
语种 | 英语 |
国家 | Switzerland; Germany |
英文摘要 | Increasing the use of renewable energy (RE) is a key enabler of sustainable energy transitions. While the costs of RE have substantially declined in the past, here we show that rising interest rates (IRs) can reverse the trend of decreasing RE costs, particularly in Europe with its historically low IRs. In Germany, IRs recovering to pre-financial crisis levels in 5 years could add 11% and 25% to the levelized cost of electricity for solar photovoltaics and onshore wind, respectively, with financing costs accounting for about one-third of total levelized cost of electricity. As fossil-fuel-based electricity costs are much less and potentially even negatively affected by rising IRs, the viability of RE investments would be markedly deteriorated. On the basis of these findings, we argue that rising IRs could jeopardize the sustainable energy transition and we propose a self-adjusting thermostatic policy strategy to safeguard against rising IRs. |
领域 | 资源环境 |
收录类别 | SSCI |
WOS记录号 | WOS:000485771900020 |
WOS关键词 | ELECTRICITY MARKET ; RENEWABLE ENERGY ; MONETARY-POLICY ; INVESTMENT ; PRICES ; EMISSIONS ; RESPONSES ; INSIGHTS ; FINANCE ; BANKS |
WOS类目 | Green & Sustainable Science & Technology ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Science & Technology - Other Topics ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/289896 |
专题 | 资源环境科学 |
作者单位 | 1.Swiss Fed Inst Technol, Energy Polit Grp, Zurich, Switzerland; 2.Potsdam Inst Climate Impact Res, Potsdam, Germany; 3.TU Berlin, Berlin, Germany; 4.Mercator Res Inst Global Commons & Climate Change, Berlin, Germany |
推荐引用方式 GB/T 7714 | Schmidt, Tobias S.,Steffen, Bjarne,Egli, Florian,et al. Adverse effects of rising interest rates on sustainable energy transitions[J]. NATURE SUSTAINABILITY,2019,2(9):879-885. |
APA | Schmidt, Tobias S.,Steffen, Bjarne,Egli, Florian,Pahle, Michael,Tietjen, Oliver,&Edenhofer, Ottmar.(2019).Adverse effects of rising interest rates on sustainable energy transitions.NATURE SUSTAINABILITY,2(9),879-885. |
MLA | Schmidt, Tobias S.,et al."Adverse effects of rising interest rates on sustainable energy transitions".NATURE SUSTAINABILITY 2.9(2019):879-885. |
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