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Renewables

What matters for private investment in renewable energy?

ORCID Icon, ORCID Icon & ORCID Icon
Pages 71-87 | Received 26 Mar 2021, Accepted 19 Apr 2022, Published online: 29 Apr 2022

Figures & data

Figure 1. Investments in energy transition technologies. Note: CCS – carbon capture and storage. Investment in CCS is available from 2018, electrified transport from 2016. Renewable energy includes wind, solar, biofuels, biomass & waste, marine, geothermal and small hydro. Source: Authors’ own using data from BloombergNEF (Citation2020).

Figure 1. Investments in energy transition technologies. Note: CCS – carbon capture and storage. Investment in CCS is available from 2018, electrified transport from 2016. Renewable energy includes wind, solar, biofuels, biomass & waste, marine, geothermal and small hydro. Source: Authors’ own using data from BloombergNEF (Citation2020).

Figure 2. Investment in renewable energy. Notes: Renewable energy includes wind, solar, biofuels, biomass & waste, marine, geothermal and small hydro. Source: Authors’ own using data from BloombergNEF (Citation2020).

Figure 2. Investment in renewable energy. Notes: Renewable energy includes wind, solar, biofuels, biomass & waste, marine, geothermal and small hydro. Source: Authors’ own using data from BloombergNEF (Citation2020).

Figure 3. Sources of financing and technology maturity. Source: Authors’ own using Frankfurt School-UNEP Centre/BNEF (Citation2020, p. 58)

Figure 3. Sources of financing and technology maturity. Source: Authors’ own using Frankfurt School-UNEP Centre/BNEF (Citation2020, p. 58)

Figure 4. Private financing structure in renewable energy (by year) Note: Please refer to Table A1 in the Appendix for definitions of the sources of financing. Source: Authors’ own using data from BloombergNEF (Citation2020).

Figure 4. Private financing structure in renewable energy (by year) Note: Please refer to Table A1 in the Appendix for definitions of the sources of financing. Source: Authors’ own using data from BloombergNEF (Citation2020).

Figure 5. Private financing structure in renewable energy (by country). Source: Authors’ own using data from BloombergNEF (Citation2020).

Figure 5. Private financing structure in renewable energy (by country). Source: Authors’ own using data from BloombergNEF (Citation2020).

Figure 6. Private financing structure in renewable energy (by technology). Source: Authors’ own using data from BloombergNEF (Citation2020).

Figure 6. Private financing structure in renewable energy (by technology). Source: Authors’ own using data from BloombergNEF (Citation2020).

Table 1. Renewable energy capacity.

Table 2. Descriptive statistics.

Table 3. Multi-level variables.

Table 4. The determinants of private investment in renewable energy by funding source: country, sector and time fixed effects.

Figure 7. Government R&D expenditure and energy policy estimated elasticities on private investment by funding source. Source: Authors’ estimation based on Equation (1).

Figure 7. Government R&D expenditure and energy policy estimated elasticities on private investment by funding source. Source: Authors’ estimation based on Equation (1).
Supplemental material

Supplemental Material

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