TY - JOUR
T1 - A solar city strategy applied to six municipalities
T2 - Integrating market, finance, and policy factors for infrastructure-scale photovoltaic development in Amsterdam, London, Munich, New York, Seoul, and Tokyo
AU - Byrne, John
AU - Taminiau, Job
AU - Kim, Kyung Nam
AU - Seo, Jeongseok
AU - Lee, Joohee
N1 - Publisher Copyright:
© 2016 John Wiley & Sons, Ltd.
PY - 2016/1/1
Y1 - 2016/1/1
N2 - Policy support platforms like the Feed-in Tariff and the Renewable Portfolio Standard have been very successful in accelerating renewable energy development around the world. Nonetheless, the sustained and consistent transition to a renewable energy future required, e.g., to avoid further climate change, continues to elude societies. To achieve substantial energy transformation, reconsideration of the finance-policy-market interaction is required and is contemplated here by positioning the build-out of a particular renewable energy technology, photovoltaic (PV) energy, as a commitment to infrastructure-scale development. A so-called 'solar city' strategy is analyzed in which large-scale deployment of PV throughout the urban fabric essentially constructs an urban renewable energy power plant by utilizing the vast rooftop real estate available in all cities. The article explores a capital market strategy for practical implementation of urban PV in six case study cities-Amsterdam, London, Munich, New York City, Seoul, and Tokyo. This study demonstrates the substantial potential of the solar city concept in each location and outlines a financing strategy to realize the potential.
AB - Policy support platforms like the Feed-in Tariff and the Renewable Portfolio Standard have been very successful in accelerating renewable energy development around the world. Nonetheless, the sustained and consistent transition to a renewable energy future required, e.g., to avoid further climate change, continues to elude societies. To achieve substantial energy transformation, reconsideration of the finance-policy-market interaction is required and is contemplated here by positioning the build-out of a particular renewable energy technology, photovoltaic (PV) energy, as a commitment to infrastructure-scale development. A so-called 'solar city' strategy is analyzed in which large-scale deployment of PV throughout the urban fabric essentially constructs an urban renewable energy power plant by utilizing the vast rooftop real estate available in all cities. The article explores a capital market strategy for practical implementation of urban PV in six case study cities-Amsterdam, London, Munich, New York City, Seoul, and Tokyo. This study demonstrates the substantial potential of the solar city concept in each location and outlines a financing strategy to realize the potential.
UR - http://www.scopus.com/inward/record.url?scp=84958772011&partnerID=8YFLogxK
U2 - 10.1002/wene.182
DO - 10.1002/wene.182
M3 - Review article
AN - SCOPUS:84958772011
SN - 2041-8396
VL - 5
SP - 68
EP - 88
JO - Wiley Interdisciplinary Reviews: Energy and Environment
JF - Wiley Interdisciplinary Reviews: Energy and Environment
IS - 1
ER -