1.

Record Nr.

UNINA9910253985003321

Autore

Zachariadis Theodoros

Titolo

Social Costs and Benefits of Renewable Electricity Generation in Cyprus / / by Theodoros Zachariadis, Costas Hadjikyriakou

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Springer, , 2016

ISBN

3-319-31535-8

Edizione

[1st ed. 2016.]

Descrizione fisica

1 online resource (53 p.)

Collana

SpringerBriefs in Energy, , 2191-5520

Disciplina

621.042

Soggetti

Energy policy

Energy and state

Renewable energy resources

Engineering economics

Engineering economy

Environmental economics

Energy Policy, Economics and Management

Renewable and Green Energy

Engineering Economics, Organization, Logistics, Marketing

Environmental Economics

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references at the end of each chapters.

Nota di contenuto

1. Introduction -- 2. State of the art of power generation in Cyprus -- 3. Methodology  -- 4. Data -- 5. Results.

Sommario/riassunto

This book presents an economic cost-benefit assessment of the penetration of renewable power generation in Cyprus up to 2030. Unlike a purely financial appraisal, we employ a social cost-benefit analysis that is mainly relevant for policy makers, taking into account – apart from direct financial costs – external costs and benefits from the diffusion of renewable electricity. The book presents a comprehensive yet straightforward case study, probably the first one conducted for Cyprus. Electricity produced by renewable sources increased worldwide at its fastest rate to date in 2014. Driven by policies to mitigate climate change, enhance energy security and reduce air pollution, and by declining costs of major technologies, renewables account for almost



all net new power generating capacity in the developed world. In this context, Cyprus is increasingly adopting renewable power generation as well. In addition to its energy and environmental commitments as a member of the European Union, the country wishes to diversify its energy supply in order to drive down electricity costs and reduce energy supply risks. A significant deployment of renewable electricity is foreseen in the coming decades. Is it economically justified for a small country with an isolated electric system like Cyprus.