Investing in renewables
Planning and funding solar, wind, geothermal, biomass, or hydro, and district heating
Pexels – Photo by Tom Fisk
New investments in renewable energy are a common adaptive coping strategy that, under some circumstances, can be transformative. Fossil fuel companies may diversify their activities to include renewables, sometimes even forming new divisions or companies to protect their renewables activities from the declining profitability of their carbon intensive activities. Local governments in carbon intensive regions can adapt to losses due to coal or oil phase out by investing in local wind or solar. Non-energy companies like housing providers can replace carbon-intensive home heating systems with low carbon heat networks. This coping strategy can also be used by private citizens by investing in energy communities, or private solar panels or other infrastructure.
Investing in renewables most often happens in middle to late transition stages when technologies and related financing, manufacturing, installation and maintenance systems are being built or are already well established. It has a high success rate in generating revenues, energy, and spillover benefits.
Further Reading
Funding
The CINTRAN project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No. 884539. The sole responsibility for the content of this website lies with the authors and does not necessarily reflect the opinion of CINEA or other EU agencies or bodies.