Issue 165 - 04 | Resolving the Green Paradoxes: Thriving Under Energy Transition Uncertainties

By Ricardo G. Barcelona
Published June 13, 2018 10:00 a.m.
“Renewables are perceived as social goods that deliver social benefits (i.e. less pollution) while incurring private costs (i.e. higher life cycle costs). Hence, economics and policy are locked in blind alleys where subsidies become central to achieving their ends. However, the cure becomes worse than the disease when highly distorted systems emerge: expensive supplies are favored, investments are turned into rent extraction opportunities, and risks are increased when firms’ continued viability is dictated by policy actions.

In reality, renewables are among the myriad of technology choices that have economic costs and benefits. In this context, renewables are economic goods that aim to gain traction, or niches, within an evolving and transitioning energy market. This perspective leads to very different conceptions of optimality and a ‘common good.’”

About Ricardo G. Barcelona | Ricardo G. Barcelona, PhD in Management, King’s College London, United Kingdom, lectures at leading business schools. He served in senior leadership roles at Royal Dutch Shell, Netherlands and London. As investment banker, he was top rated equity analyst and adviser whilst at SBC Warburg and ABN Amro/Rothschild.

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An Adaptive Approach to Profiting from Uncertainties (2017)
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