Chapter 7
Techno-Economic Analysis of Renewable Energy Systems
Each of the renewable energy sources has the potential to meet the global energy demand many times over, as seen from the material presented earlier in this book. The technological benefits of renewables, particularly their ability to mitigate climate change through the reduction of carbon emissions, are also well understood. These benefits, along with the limitless supply potential, should, in theory, provide sufficient impetus for transitioning to renewable energy systems. However, energy transitions are complex phenomena that have historically been driven by crises of supply or development of superior sources and accompanied by significant perturbances in societies and economies ...
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