气候变化领域集成服务门户(CCPortal): Adverse effects of rising interest rates on sustainable energy transitions

CCPortal

DOI	10.1038/s41893-019-0375-2
	Adverse effects of rising interest rates on sustainable energy transitions
	Schmidt T.S.; Steffen B.; Egli F.; Pahle M.; Tietjen O.; Edenhofer O.
发表日期	2019
ISSN	2398-9629
起始页码	879
结束页码	885
卷号	2 期号:9
英文摘要	Increasing the use of renewable energy (RE) is a key enabler of sustainable energy transitions. While the costs of RE have substantially declined in the past, here we show that rising interest rates (IRs) can reverse the trend of decreasing RE costs, particularly in Europe with its historically low IRs. In Germany, IRs recovering to pre-financial crisis levels in 5 years could add 11% and 25% to the levelized cost of electricity for solar photovoltaics and onshore wind, respectively, with financing costs accounting for about one-third of total levelized cost of electricity. As fossil-fuel-based electricity costs are much less and potentially even negatively affected by rising IRs, the viability of RE investments would be markedly deteriorated. On the basis of these findings, we argue that rising IRs could jeopardize the sustainable energy transition and we propose a self-adjusting thermostatic policy strategy to safeguard against rising IRs. © 2019, The Author(s), under exclusive licence to Springer Nature Limited.
语种	英语
scopus关键词	Energy conservation; Fossil fuels; Investments; Renewable energy resources; Solar power generation; Adverse effect; Electricity costs; Financial crisis; Levelized cost of electricities; Policy strategies; Solar photovoltaics; Sustainable energy; Use of renewable energies; Costs
来源期刊	Nature Sustainability
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/163481
作者单位	Energy Politics Group, ETH Zurich, Zürich, Switzerland; Potsdam-Institute for Climate Impact Research, Potsdam, Germany; TU Berlin, Berlin, Germany; Mercator Research Institute on Global Commons and Climate Change, Berlin, Germany
推荐引用方式 GB/T 7714	Schmidt T.S.,Steffen B.,Egli F.,et al. Adverse effects of rising interest rates on sustainable energy transitions[J],2019,2(9).
APA	Schmidt T.S.,Steffen B.,Egli F.,Pahle M.,Tietjen O.,&Edenhofer O..(2019).Adverse effects of rising interest rates on sustainable energy transitions.Nature Sustainability,2(9).
MLA	Schmidt T.S.,et al."Adverse effects of rising interest rates on sustainable energy transitions".Nature Sustainability 2.9(2019).