A solar city strategy applied to six municipalities: Integrating market, finance, and policy factors for infrastructure-scale photovoltaic development in Amsterdam, London, Munich, New York, Seoul, and Tokyo

John Byrne, Job Taminiau, Nam Kim Kyung, Jeongseok Seo, Joohee Lee

Research output: Contribution to journalReview article

15 Citations (Scopus)

Abstract

Policy support platforms like the Feed-in Tariff and the Renewable Portfolio Standard have been very successful in accelerating renewable energy development around the world. Nonetheless, the sustained and consistent transition to a renewable energy future required, e.g., to avoid further climate change, continues to elude societies. To achieve substantial energy transformation, reconsideration of the finance-policy-market interaction is required and is contemplated here by positioning the build-out of a particular renewable energy technology, photovoltaic (PV) energy, as a commitment to infrastructure-scale development. A so-called 'solar city' strategy is analyzed in which large-scale deployment of PV throughout the urban fabric essentially constructs an urban renewable energy power plant by utilizing the vast rooftop real estate available in all cities. The article explores a capital market strategy for practical implementation of urban PV in six case study cities-Amsterdam, London, Munich, New York City, Seoul, and Tokyo. This study demonstrates the substantial potential of the solar city concept in each location and outlines a financing strategy to realize the potential.

Original languageEnglish
Pages (from-to)68-88
Number of pages21
JournalWiley Interdisciplinary Reviews: Energy and Environment
Volume5
Issue number1
DOIs
Publication statusPublished - 2016 Jan 1

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Finance
Climate change
finance
Power plants
infrastructure
market
energy
capital market
positioning
power plant
city
municipality
policy
Financial markets
climate change

ASJC Scopus subject areas

  • Renewable Energy, Sustainability and the Environment
  • Environmental Science(all)

Cite this

A solar city strategy applied to six municipalities : Integrating market, finance, and policy factors for infrastructure-scale photovoltaic development in Amsterdam, London, Munich, New York, Seoul, and Tokyo. / Byrne, John; Taminiau, Job; Kyung, Nam Kim; Seo, Jeongseok; Lee, Joohee.

In: Wiley Interdisciplinary Reviews: Energy and Environment, Vol. 5, No. 1, 01.01.2016, p. 68-88.

Research output: Contribution to journalReview article

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