Barriers to investment in utility-scale variable renewable electricity (VRE) generation projects

Based on this research, we argue that addressing so-called “symptomatic” barriers alone is hardly effective when the “fundamental” barriers remain untouched. It also demonstrates that monetary and fiscal policies can have side-effects on VRE investments. We suggest that a comprehensive policy framework to support VRE should not be solely limited to the narrow context of climate and energy policy, and the electricity market. It should be incorporated in a broader context including monetary and fiscal policies. When re-designing these macroeconomic policies, their potential negative impacts on VRE investments should be considered.