schleicher-tappeser
154304491
European Transport Policy and Sustainable Mobility, David Banister, Dominic Stead, Peter Steen, Jonas Akerman, Karl Dreborg, Peter Nijkamp, Ruggero Schleicher Tappeser. Spon Press, London, New York, 2000, XII+255 pages, ISBN 0 415 231892 (hb) 0 415 23409 3 (pb)
Joanna Lasserre
55602253
How renewables will change electricity markets in the next five years
Photovoltaic (PV) cells, onshore wind turbines, internet technologies, and storage technologies have the potential to fundamentally change electricity markets in the years ahead. Photovoltaic cells are the most disruptive energy technology as they allow consumers of all sizes to produce power by themselves new actors in the power market can begin operating with a new bottom up control logic. Unsubsidised PV markets may start to take off in 2013, fuelling substantial growth where PV power is getting cheaper than grid or diesel backup electricity for commercial consumers. Managing loads and achieving a good match between power consumption and weather dependent power production will likely become a key issue. This consumption production balance may trigger massive innovation and investment in energy management technologies involving different kinds of storage and controls. Increasing autonomy and flexibility of consumers challenges the top down control logic of traditional power supply and pushes for a more decentralised and multi layered system. How rapidly and smoothly this transformation occurs depends to a large extent on the adaptation speed of the regulatory framework and on the ability of market players to develop appropriate business models. The paper discusses conflicts of interest; hurdles and drivers; opportunities; and traps for this perspective.
Ruggero Schleicher-Tappeser
134914780
Catalytic Transformation of CO 2 to Fuels
By the year 2050, the European Commission are committed to reduce the emissions of greenhouse gas to 80 95% through the "Energy Roadmap 2050" that was adopted on December 15, 2011 (Schleicher Tappeser 2012) The routes on system of energy for decarbonization was explored by this Energy Roadmap 2050, and in order to achieve this objective, many relevant contributions have been done, which has effects not only at the European but also worldwide level.
Samira Bagheri
157667295
Investor specific cost of capital as explanatory factor for heterogeneity in energy investment decisions
The diffusion of renewable energies in Germany and other European countries has led to the participation of new and heterogeneous investor groups in the energy market, including project developers, industrial companies, small and medium sized enterprises, regional utilities, and institutional investors, but also farmers and private homeowners (Bergek et al. 2013; Trendresearch, 2013) While for several decades, investments in power generation infrastructure were largely dominated by large utility firms (Schleicher Tappeser, 2012; Richter 2013) they have lost a significant portion of their market share to new entrants in the emerging renewables segment. Why has this shift occurred? This paper proposes investor specific cost of capital as an important explanatory factor. We argue that fuel cost free renewable energy projects with guaranteed feed in tariffs, such as wind and solar power generation, offer a lower risk and lower return opportunity that is systematically undervalued by investors with high cost of capital, such as incumbent utilities. The behavior and preferences of renewable energy investors has been researched through different lenses, including path dependency (Unruh, 2002; Wustenhagen and Teppo, 2006) dynamic capabilities (e.g. Stenzel and Frenzel, 2008) behavioral economics and microeconomics (e.g. Kaenzig and Wustenhagen, 2010) and through a cognitive lens (Chassot et al. 2013) Nonetheless, the drivers and motives of investors remain largely open (Masini and Menichetti, 2012; Wustenhagen and Menichetti, 2012; Bergek et. al. 2013) A considerable stream of literature indicates differences among investors in terms of motives, resources, or previous experience influencing investment behavior and decisions, but little empirical evidence exists (Bergek et al. 2013) This is particularly true for differing financial characteristics and motives (Langniss, 1996; Dinica, 2006; Bergek et al. 2013) which will be the scope of this study. A standard economic perspective is reasonable to analyze renewable energy investments and investors, as the energy sector can be regarded as a business context "dominated by highly rational and well informed investors" (Masini and Menichetti, 2012) Available studies in this field are mostly focusing on comparisons of renewable energies with conventional power generation (Awerbuch, 2003; Soderholm et al. 2007; Bergek et al. 2013) or between different types of renewable energies (Munoz et al. 2009; Delmas and MontesSancho, 2011; Bergek et al. 2013) but may also contribute to understand investment decision processes by different investor groups. The most common instrument for investment analysis is the net present value (NPV) calculation, and the cost of capital a crucial variable for the valuation outcome (Ryan and Ryan, 2002; Titman and Martin, 2008) Considering differences among investors in terms of their cost of capital, and the different financial attributes of renewable energies and conventional power generation, we derive our research question: how does the cost of capital of different investor groups influence their renewable energy investment decisions? We derive a theoretical model, illustrating how previous investment activities shape capital costs of investors in the energy sector, and how these capital costs influence choice on renewable energies and other investment opportunities. We demonstrate the role of cost based valuation methods, often applied in the energy industry. Thereby, we challenge existing views, which primarily consider higher technological and regulatory risks as a major barrier for investors to support a large scale diffusion of renewable energies.
Sarah Salm Rolf Wuestenhagen Thorsten Helms
196701402
Progress towards Sustainable Regional Development: Results form the EU Research Programme on Human Dimensions of Environmental Change
Ruggero Schleicher-Tappeser
201682503
The Alpine Space as a Sustainable Business Location
(c) Lou Hagbarth, October 2007 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of the publisher. Every effort has been made to ensure that the information given herein is accurate, but no legal responsibility is accepted for any errors or omissions in that information and no responsibility is accepted with regard to the standing of any firms, companies, authorities or individuals mentioned. Hagbarth Publications Structural Change in Europe 5
Ruggero Schleicher-Tappeser
156520553
Policy approaches for decoupling freight transport from economic growth 1
This paper discusses one aspect of sustainable mobility: the connection between the development of freight transport volumes and prosperity. Historically freight transport growth has been strongly linked to GDP growth. This trend cannot continue if society shall develop in the direction of sustainable development. However there are different signs that the historical pattern must not necessarily continue. Key factors for developing decoupling strategies are: the material intensity of the economy, the spatial structure of production and consumption, the handling requirements of goods, the organisation of transport. Two basic strategies "dematerialisation of the economy" and "reducing the spatial range of material flows" can be identified on this basis. Policy options are being discussed and systemised in this paper.
Ruggero Schleicher-Tappeser Christiane Hey Peter Steen
133646322
Instruments for Sustainable Regional Development
Ruggero Schleicher-Tappeser Filippo Strati Alain Thierstein Manfred Walser
143446120
The role of the Alps in an integrating Europe Frameworks for prospective debat
Abstract At the beginning of the 21st century, the Alps are in an unprecedented situation where die capability of intercultural cooperation may have a strong influence on the future. European integration, improved accessibility of the valleys, the impact of new communication technologies, the rapidly increasint importance of global markets and a decreasing symbolic importance of the Alps all together lead to a shrinking of this exceptional mountain range situated in the middle of important European cities, urge to consider a larger context and open up a variety of new perspectives. Will it be possible to re invent a specifically Alpine developement model despite all infernal differences, actively relating to the rich multicultural environment and taking care of the delicate natural and cultural heritage Or will the Alps fall apart in separate backyards of the large cities The article analyses the role of the Alpine Convention and explores the cooperation interests of different actors. It proposes to conceive the Alps as a laboratory for European cooperation and calls for a systematic joining of forces between regional, national and European decision making levels in the spirit of subsidiarity.
Ruggero Schleicher-Tappeser
55515254
Structural funds and sustainable development the SQM approach
The question of how to achieve greater levels of sustainable development is intrinsically linked with the discussion concerning new forms of governance. Structural funds have become most influential in promoting sustainable development and appropriate forms of governance across the EU. They have been very important in introducing new innovative forms of co ordination in many countries and have encouraged the mobilization of new political actors. Structural Funds can be considered as a most interesting laboratory for the development of new governance patterns, which are urgently needed for coping with accelerated change and increasing complexity. Multi level governance in the spirit of subsidiarity will not be possible without flexible objective oriented management approaches instead of the rigid attribution of competences. This requires new conceptual approaches, procedures, and instruments. 'SQM Sustainable Quality Management(r) is a coherent system for the conception, support, monitoring and evaluation of sustainable development processes. A series of pilot projects in the last five years have shown its potential and utility. The SQM system includes concepts, methods and operational tools that have proved to be applicable and comprehensible in different European cultures. Internet based SQM software tools support every step in the policy cycle. Sustainable development is conceived as an overarching principle that governs the management of processes and covers all policy principles postulated by the EU. In the use of a common framework over the whole policy cycle and the coherent implementation of basic principles there is the promise of achieving better orientation towards sustainable development and considerable efficiency gains.
Ruggero Schleicher-Tappeser Filippo Strati