Financial incentives to promote citizen investment in low-carbon and resource-efficient assets

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dc.contributor.author McInerney, Celine
dc.contributor.author Curtin, Joseph
dc.date.accessioned 2018-06-06T09:19:28Z
dc.date.available 2018-06-06T09:19:28Z
dc.date.issued 2017-07
dc.identifier.citation McInerney, C. and Curtin, J. (2017) Financial incentives to promote citizen investment in low-carbon and resource-efficient assets. Available at: http://www.epa.ie/pubs/reports/research/econ/McInerney%20Curtin%20final%20web-1.pdf (Accessed 6 June 2018). en
dc.identifier.startpage 1 en
dc.identifier.endpage 60 en
dc.identifier.isbn 978-1-84095-725-9
dc.identifier.other 2014-SE-MS-1
dc.identifier.uri http://hdl.handle.net/10468/6248
dc.description.abstract If the ambitious objectives of the international community, as set out in the Paris Agreement of December 2015, are to be met, rapid decarbonisation is required over the coming decades, particularly in developed countries. Many industrialised countries are incentivising the uptake of low-carbon and resource efficient technologies such as waste-to-energy, wind, solar photovoltaic (PV), and biomass heating systems, which alone have the potential to make a very substantial contribution to global decarbonisation by 2050 (IEA, 2015). It is notable that these technologies are particularly attractive to local citizen investors who are acting individually, as a member of a community group or as party to a project by a professional developer (Enzensberger et al., 2003). This is because of their maturity, modularity, high reliability, the simplicity of the energy generation process and availability of technical service providers (Yildiz, 2014). These technologies, however, face a number of barriers when it comes to widespread deployment; this means that their full potential cannot not realised. According to the Intergovernmental Panel on Climate Change (IPCC), policy must address these barriers to enable the full theoretical potential for mitigation to be realised. As illustrated in Figure 1.1, these barriers are not just technical and economic, but also relate to socio-economic, regulatory and institutional factors (IPCC-WGIII, 2001, p. 752). The focus of this report is on addressing two of the key barriers identified in the IPCC typology: financial barriers (and the consequent investment shortfall in low-carbon technologies (LCTs) (section 1.2)), and lack of social support among citizens for low-carbon transition (section 1.3). These barriers are discussed in turn, focusing on the potential for citizen investment to address them. en
dc.description.sponsorship Department of Communications, Energy and Natural Resources (EPA Research Programme 2014–2020) en
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.publisher Environmental Protection Agency en
dc.relation.ispartof EPA Research Programme 2014–2020
dc.relation.ispartofseries EPA Research Programme 2014–2020;220
dc.relation.uri http://www.epa.ie/pubs/reports/research/econ/McInerney%20Curtin%20final%20web-1.pdf
dc.rights © 2017, Environmental Protection Agency. All or part of this publication may be reproduced without further permission, provided the source is acknowledged. en
dc.subject Low-carbon en
dc.subject Resource-efficient en
dc.subject Energy citizenship en
dc.subject Investment shortfall en
dc.subject Social support en
dc.title Financial incentives to promote citizen investment in low-carbon and resource-efficient assets en
dc.type Report en
dc.internal.authorcontactother Celine Mcinerney, Accounting & Finance, University College Cork, Cork, Ireland. +353-21-490-3000 Email: c.mcinerney@ucc.ie en
dc.internal.availability Full text available en
dc.date.updated 2018-06-06T08:55:54Z
dc.description.version Published Version en
dc.internal.rssid 440524925
dc.contributor.funder Department of Communications, Energy and Natural Resources en
dc.description.status Not peer reviewed en
dc.internal.copyrightchecked Yes en
dc.internal.licenseacceptance Yes en
dc.internal.placepublication Johnstown Castle, County Wexford, Ireland en
dc.internal.IRISemailaddress c.mcinerney@ucc.ie en


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