16 Sep '13, 1pm

Object Lesson: Europe's Solar Energy Market

Object Lesson: Europe's Solar Energy Market

An object lesson is a concrete example of a negative outcome often juxtaposed with a positive outcome, but always a lesson and one that is almost always worth paying attention to. When governments tinker with markets the end result depends on more than the specific market, it depends on the level of support provided to competitors and other actors important to the industry as well as the economic climate and the approval or disapproval of potential customers. When support is added the level of generosity of this support can accelerate the market to an unsupportable level and invite actors whose self-interest is counter that of the market. When support is removed, be it abruptly or slowly, this removal can accelerate the market abruptly, leading eventually to a crash. When controlling, retroactive measures are put in place, stability is almost never restored and participant...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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Sounds like an interesting book!

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