image: This is the book "Renewable Energy Finance" by Charles W Donovan (Imperial College Business School, UK). view more
Credit: World Scientific, 2015
Imperial College Press's latest book on "Renewable Energy Finance" reveals how putting the brakes on climate change is not a question of science and technology but rather one of financial commitment and political will.
A collection of leading academic and financial experts describe how clean energy future can be achieved by simply providing the renewable energy industry with access to the same sources of cheap financing that are used by the fossil fuel industry.
Author and Book Editor Charles W. Donovan, Principal Teaching Fellow at Imperial College Business School in London, argues that in a free market, clean energy would be an attractive proposition for investors seeking stable, long-term income. But this isn't yet a level playing field; governments make the rules and the rules still favor (and heavily subsidize) investment in fossil fuels.
Despite the cards being stacked against it, the installation of renewable energy technologies has grown remarkably in recent years. To take just one example, solar PV capacity has grown at 30%+ per annum throughout the most recent financial crisis and now attracts more than $80 billion in new investment globally each year. But growth patterns across countries are far from equal. In countries where access to finance has not been a part of the policy agenda, there is stagnation. In countries where governments have supported new financing methods, renewable energy production has soared.
The book gives readers a unique insiders' perspective on how renewable energy deals actually get done, and is a go-to reference manual for understanding how to fund investment projects in renewable energy. Drawing together contributions from senior finance executives and academic thought-leaders, Renewable Energy Finance is, as noted by Lord Browne of Madingley in his Foreword, "an essential reference point for professionals working in the energy industry today."
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This set is sold in major book stores at US$78 / £51. More information on the book can be found at http://www.worldscientific.com/worldscibooks/10.1142/p1030
To schedule an author interview, please contact Jason CJ Lim at cjlim@wspc.com
Some of the themes from Charlie Donovan's book will feature in a new MSc Climate Change, Management & Finance course which opens for applications in November 2015. The one year Masters course is designed to equip business leaders with the skills to tackle the business challenges caused by climate change. For further details visit wwwf.imperial.ac.uk/business-school
About World Scientific Publishing
World Scientific Publishing is a leading independent publisher of books and journals for the scholarly, research and professional communities. The company publishes about 500 books annually and more than 120 journals in various fields. World Scientific collaborates with prestigious organisations like the Nobel Foundation, US National Academies Press, as well as its subsidiary, the Imperial College Press, amongst others, to bring high quality academic and professional content to researchers and academics worldwide. To find out more about World Scientific, please visit http://www.worldscientific.com.
For more information on the book, contact Jason CJ at cjlim@wspc.com.sg
About Imperial College London
Imperial College London is one of the world's leading universities. The College's 14,000 students and 7,500 staff are expanding the frontiers of knowledge in science, medicine, engineering and business, and translating their discoveries into benefits for society.
Founded in 1907, Imperial builds on a distinguished past - having pioneered penicillin, holography and fibre optics - to shape the future. Imperial researchers work across disciplines to improve global health, tackle climate change, develop sustainable energy technology and address security challenges. This blend of academic excellence and its real-world application feeds into Imperial's exceptional learning environment, where students participate in research to push the limits of their degrees.
Imperial nurtures a dynamic enterprise culture, where collaborations with industrial, healthcare and international partners are the norm. In 2007, Imperial College London and Imperial College Healthcare NHS Trust formed the UK's first Academic Health Science Centre. This unique partnership aims to improve the quality of life of patients and populations by taking new discoveries and translating them into new therapies as quickly as possible.
Imperial has nine London campuses, including Imperial West: a new 25 acre research and innovation centre in White City, west London. At Imperial West, researchers, businesses and higher education partners will co-locate to create value from ideas on a global scale. http://www.imperial.ac.uk