Policy implications of implementing residential PV solar energy systems in developing regions

IF 9.3 2区 经济学 Q1 ECONOMICS
Jaribu Shand, Emmanuel Glakpe, Chase Ivey
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引用次数: 0

Abstract

Access to sustainable and reliable energy sources is a pivotal driver of economic development and improved living standards in all regions of the world. This research paper explores the policy implications of implementing residential photovoltaic (PV) solar systems in two developing regions, Jamaica, and Ghana, and emphasizes the role of policy frameworks in shaping the sustainable energy landscape. The study employs a multifaceted approach, combining System Advisor Model (SAM) analysis – which reveals promising energy production potential in both regions, with substantial economic benefits – and a risk assessment to evaluate the feasibility, economic viability, and potential barriers to residential PV solar adoption. Financial assessments indicate competitive payback periods and favorable returns on investment, suggesting that residential PV systems can offer cost-effective energy solutions. Identifying potential barriers to adoption through a comprehensive risk assessment highlights challenges related to policy instability, financing constraints, and technical limitations. Policy recommendations and strategies for mitigating these barriers are proposed to accelerate the transition to renewable energy sources in both regions. The findings underscore the potential for solar energy to address energy access challenges while advancing economic development, environmental sustainability, and energy resilience in Jamaica, and Ghana, while offering valuable lessons for similar contexts worldwide.
在发展中地区实施住宅光伏太阳能系统的政策影响
在世界各地,获得可持续和可靠的能源是推动经济发展和提高生活水平的关键因素。本研究论文探讨了在牙买加和加纳这两个发展中地区实施住宅光伏太阳能系统的政策影响,并强调了政策框架在塑造可持续能源景观方面的作用。该研究采用了一种多层面的方法,将系统顾问模型(SAM)分析(该模型揭示了这两个地区具有巨大经济效益的能源生产潜力)和风险评估相结合,以评估采用住宅光伏太阳能系统的可行性、经济可行性和潜在障碍。财务评估表明,投资回收期和投资回报率都很有竞争力,这表明住宅光伏系统可以提供具有成本效益的能源解决方案。通过全面的风险评估来确定采用的潜在障碍,突出了与政策不稳定性、融资限制和技术局限性有关的挑战。提出了减少这些障碍的政策建议和战略,以加快这两个地区向可再生能源的过渡。研究结果强调了太阳能在应对能源获取挑战、促进牙买加和加纳的经济发展、环境可持续性和能源恢复能力方面的潜力,同时也为全球类似情况提供了宝贵经验。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Energy Policy
Energy Policy 管理科学-环境科学
CiteScore
17.30
自引率
5.60%
发文量
540
审稿时长
7.9 months
期刊介绍: Energy policy is the manner in which a given entity (often governmental) has decided to address issues of energy development including energy conversion, distribution and use as well as reduction of greenhouse gas emissions in order to contribute to climate change mitigation. The attributes of energy policy may include legislation, international treaties, incentives to investment, guidelines for energy conservation, taxation and other public policy techniques. Energy policy is closely related to climate change policy because totalled worldwide the energy sector emits more greenhouse gas than other sectors.
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