Drivers and Barriers for Renewable Energy Investments in Emerging Countries – The Case of Wind Energy in China, India and Brazil
48 Pages Posted: 15 Nov 2015
Date Written: November 13, 2015
Developing and emerging countries are gaining importance on the renewable energy stage due to their growth prospects in several areas and a strong investment increase in the recent past. This paper is dedicated to investigating the drivers and barriers to investments in renewable energies in developing countries. It explores these by using a unique dataset of institutional investors comparing wind energy investments in India, China and Brazil (as representatives of the BRICS countries) by means of a case study. Factors affecting the investments of large institutional investors include the legal framework (including policies), the institutional environment (including infrastructure), overarching macro-economic stability (including currency risk) and growth potential.
Keywords: Renewable energy investments, emerging economies, wind energy, India, China, Brazil, barriers, drivers, government policy
JEL Classification: O33, O38, Q42, Q48
Suggested Citation: Suggested Citation