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Wind Energy Deployment and the Relevance of Rare Earths

An Economic Analysis

  • Anja¬†Brumme

Part of the BestMasters book series (BEST)

Table of contents

  1. Front Matter
    Pages 1-16
  2. Anja Brumme
    Pages 17-48
  3. Anja Brumme
    Pages 63-75
  4. Back Matter
    Pages 77-87

About this book

Introduction

The worldwide deployment of wind power plants is soaring. Yet the availability of their construction materials could be a potential bottleneck. As rare earth elements represent the most critical materials, Anja Brumme provides a market analysis of rare earths, ascertaining that geological scarcity is not the main problem. Instead, the author identifies four kinds of market failure: market power, co-production, by-production and negative externalities. It becomes apparent that the market for rare earth metals is in a state of severe disequilibrium. Subsequently, her estimate of future rare earth demand patterns based on the wind power industry by 2050 reveals that the current level of supply is unlikely to be sufficient in the long run. To allow for a more elaborate analysis, the author suggests two options of including a rare earth side condition in an integrated assessment model.

 

Contents

  • Classification of Wind Power Technologies
  • Market Analysis of Rare Earth Elements
  • Estimates for Future Rare Earth Requirements from Wind Power Deployment
  • Application to the Integrated Assessment Model ReMIND-R

     

 Target Groups

  • Teachers and Students of Economics and Business Administration
  • Executives and Project Managers in Energy Industry and Energy Policy

 

The Author

Anja Brumme has studied European Studies and Economics and is currently working as a research assistant at the Chair of Economic Policy at Chemnitz University of Technology.

Keywords

Rare Earth Elements Renewable Energy Wind Power

Authors and affiliations

  • Anja¬†Brumme
    • 1
  1. 1.Faculty of Economics and Business AdministrationChemnitz University of TechnologyChemnitzGermany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-658-04913-3
  • Copyright Information Springer Fachmedien Wiesbaden 2014
  • Publisher Name Springer Gabler, Wiesbaden
  • eBook Packages Business and Economics
  • Print ISBN 978-3-658-04912-6
  • Online ISBN 978-3-658-04913-3
  • Buy this book on publisher's site