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Wind Energy Deployment and the Relevance of Rare Earths

An Economic Analysis

By: Anja Brumme

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Wind Energy Deployment and the Relevance of Rare Earths

An Economic Analysis

By: Anja Brumme

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.

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Page Count

99

Publisher

Springer Science & Business Media

Published Date

ISBN 10

3658049138

ISBN 13

9783658049133

Wind Energy Deployment and the Relevance of Rare Earths

An Economic Analysis

By: Anja Brumme

Write a review Read reviews Take a Quiz Solve Book Puzzle

Wind Energy Deployment and the Relevance of Rare Earths

An Economic Analysis

By: Anja Brumme

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.

Average ratings

N/A

5

0%

4

0%

3

0%

2

0%

1

0%

Solve jigsaw puzzle

Age

Page Count

99

Publisher

Springer Science & Business Media

Published Date

ISBN 10

3658049138

ISBN 13

9783658049133