Feed‐in tariffs for financing renewable energy in Southeast Asia

Azhgaliyeva, Dina; Mishra, Ranjeeta

doi:10.1002/wene.425

Cited by 6 publications

(4 citation statements)

References 22 publications

(29 reference statements)

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“…However, a major challenge concerning WtE in developing countries is from an investment perspective, considering the already high tariff paid for electricity. In developing countries like Nigeria, the government has recently taken steps to address this issue by reducing the tariff to further encourage foreign investors' participation in developing the energy sector of the country [141]. The introduction of feed-in-tariffs could play a ma-jor part in attracting private investments in new installations of WtE/renewable energy capacity in Nigeria.…”

Section: Life Cycle Costing For Waste To Energy Technologiesmentioning

confidence: 99%

“…The introduction of feed-in-tariffs could play a ma-jor part in attracting private investments in new installations of WtE/renewable energy capacity in Nigeria. Feed-in-tariffs (FITs) refer to the price per unit of electricity above the electricity market price, which are fixed in contracts that a government commits to for purchasing renewable energy by signing a long-term contract with renewable energy suppliers [141]. These help to lower the LCOE of energy generated from renewables such as WtE by offering cost-cutting based on compensation to the producers of renewable energy (RE) sources, along with guaranteed grid access and ensuring that investors are paid a cost-based price for providing renewable electricity to the grid in addition to long-term contract agreements [142].…”

Section: Life Cycle Costing For Waste To Energy Technologiesmentioning

confidence: 99%

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Life Cycle Sustainability Assessment of Waste to Energy Systems in the Developing World: A Review

Nubi,

Murphy,

Morse

2024

Environments

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The global move towards a circular economy, as well as that of achieving the United Nations Sustainable Development Goals (SDGs), has necessitated the search for several sustainable solutions in various sectors. Given this, the provision of sustainable waste management and electricity systems constitute a significant part of the SDGs, and the waste-to-energy (WtE) concept has recently become a key topic given that it can potentially help reduce the dependence on fossil fuels for energy generation, as well as minimizing the need to dispose of waste in landfill. However, to date, the sustainability assessments of WtE generation technologies have been limited in scope concerning the three-dimensional sustainability framework (economic, environmental, and social). Life Cycle Sustainability Assessment (LCSA) has been proposed as a potential approach that could comprehensively address these three pillars of sustainability simultaneously based on life cycle thinking. LCSA, as a holistic method, could also potentially deal with the complexity associated with decision-making by allowing for the consideration of a full range of possible sustainability consequences. LCSA is an analytical tool that integrates the Life Cycle Assessment (LCA), Life Cycle Costing (LCC), and Social Life Cycle Assessment (sLCA) methodologies, which already exist and continue to be developed. Individually, these life-cycle approaches tend to be used to point out particular ‘hotspots’ in product or service systems, and hence focus on direct impacts in a given sustainability domain, neglecting the indirect ones. LCSA aims for a more holistic sustainability perspective and seeks to address the associated challenge of integrating these three pillars of sustainability into an overall and more comprehensive sustainability assessment. This need for harmonization within the LCSA methodology is a major challenge in its operationalization. In recent years there has been steady progress towards developing and applying LCSA, including for WtE. The aim of this paper is to review the most recent trends and perspectives in developing countries, especially regarding how LCSA could help inform decision-making. The paper also analyses the LCSA literature to set out the theoretical and practical challenges behind integrating the three methods (LCA, LCC, and sLCA). The review was conducted via a search of keywords such as LCSA, waste, and energy in the Web of Science databases, resulting in the selection of 187 publications written in English. Of those, 13 articles operationalized LCSA in specific waste and WtE related case studies. The review provides a review of the application of LCSA for researchers, technological experts, and policymakers through published findings and identifies perspectives on new research. These include uncertainty, subjectivity in weighting, double-counting, the low maturity of sLCA, and the integration of the interconnection between the three dimensions (environmental, economic, and social dimensions) of LCSA results in decision-making. In addition, gaps (such as the integration of the interconnection between the three dimensions) that need to be addressed via further research are highlighted to allow for a better understanding of methodological trade-offs that come from using the LCSA analytical approach to assess the sustainability of WtE generation technologies, especially in developing countries. It is hoped that this study will be a positive contribution to environmental and energy policy decisions in developing countries faced with the dual problems of waste management and electricity supply along with their sustainable development goals.

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Section: Life Cycle Costing For Waste To Energy Technologiesmentioning

confidence: 99%

Section: Life Cycle Costing For Waste To Energy Technologiesmentioning

confidence: 99%

Life Cycle Sustainability Assessment of Waste to Energy Systems in the Developing World: A Review

Nubi,

Murphy,

Morse

2024

Environments

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“…The third is to comprehensively utilize the "Feed in Tariffs" mechanism and the "Net Metering" plan. Government subsidies are used to encourage enterprises to develop and utilize clean energy, ensuring sustainable investments in renewable energy [48,49], and create employment opportunities. In addition, individuals are encouraged to carry out clean energy power generation projects and achieve a stable supply of electricity through public and private energy lending schemes to achieve peak shaving and valley filling results.…”

Section: Carbon Decoupling By Setting Carbon Neutrality Targets and A...mentioning

confidence: 99%

The Status Quo, Dilemma, and Transformation Path of the Carbon Neutrality-Related Policy of the ASEAN

Yang,

2024

Sustainability

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After joining the globalization initiative, countries from the Association of Southeast Asian Nations (ASEAN) have experienced an exponential growth in carbon emissions. The high carbon lock-in of the energy consumption structure and lagged energy infrastructure construction have led to high carbon emissions, which has put great pressure on ASEAN countries to reduce their carbon emissions. To achieve the goal of carbon neutrality by the middle of this century, ASEAN countries have successively formulated strategic guidelines for energy transformation and green development, focusing on the structural transformation of energy development and utilization, a coal decommissioning plan, grid interconnection, the electrification of urban transportation patterns, energy conservation, consumption reduction, and international technological cooperation. ASEAN countries still face many challenges in achieving their carbon neutrality targets, including unstable policies, poor environmental awareness among residents, poor guarantee for energy transformation, disconnection between technology and capital, and difficulties in regional coordination. These are reflected in the obvious carbon lock-in effect and the strong dependence on carbon in traditional industries. ASEAN countries are seeking a balance of interests in the Sino–US infrastructure game. In this context, China, as an advocate of South–South cooperation, is committed to expanding the cooperation with ASEAN countries on carbon neutrality in the following aspects: the development and utilization of renewable energy resources, formulation of a progressive grid interconnection plan, establishment of the green financial system, and research and development of green technologies. The purpose is to help ASEAN countries achieve their goals of carbon neutrality.

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“…In this case, the FIT for wind powerhouses cost 7.8 USD/kWh. Majority the tariff was paid by a government electricity corporation called Electricity of Vietnam (EVN) and then the rest, VEPF pays 1 USD/kWh out of the total tariff (Azhgaliyeva & Mishra, 2022;Do et al, 2021;Junlakarn et al, 2021;Le et al, 2022).…”

Section: Vietnammentioning

confidence: 99%

The feed-in tariff (FIT) policy to improve renewable energy utilization: An analysis of FIT implementation in ASEAN countries from renewable energy growth, decarbonization, and investment perspective

Rahmanta¹,

Permana

Susanto

et al. 2023

Int. J. Renew. Energy Dev.

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The FIT policy are widely adopted in the world to promote the utilization of renewable energy technology (RET). Tariff rates, tariff regression mechanisms, contract term, and quota constraints are all components of the FIT policy. This policy has also been adopted by Association of Southeast Asian Nations or ASEAN countries to optimize their renewable energy (RE) potential. This paper examines the utilization of RET in power generation under the FIT policy from the perspective of the growth of renewable energy, environment, and investment which applied in five major ASEAN countries in term of the biggest generation capacity, such as: Indonesia Vietnam, Malaysia, Thailand, and the Philippines. This study shows that the FIT has been successful in accelerating renewable energy growth compared to pre-FIT, where annual RE capacity growth was 7.52% in Thailand (2007-2021), 16.38% in Vietnam (2011-2021), 4.56% in Indonesia (2012-2021) 2021), 9.11% in Malaysia (2012-2021), and 5.21% in the Philippines (2012-2021). FIT also managed to keep CO2/kWh emissions production stable in Vietnam, Malaysia, and Thailand while increasing RE production in their power systems. Otherwise, due to the low utilization of RET in Indonesia and the Philippines, CO2 emissions in them has increased significantly, 6.67% per year at Indonesia, and 15.25% per year at the Philippines after the introduction of the FIT. Generally, FIT has succeeded in increasing the value of international funding investments in RE sector in Indonesia, Vietnam, Malaysia, Thailand, and the Philippines

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Feed‐in tariffs for financing renewable energy in Southeast Asia

Cited by 6 publications

References 22 publications

Life Cycle Sustainability Assessment of Waste to Energy Systems in the Developing World: A Review

Life Cycle Sustainability Assessment of Waste to Energy Systems in the Developing World: A Review

The Status Quo, Dilemma, and Transformation Path of the Carbon Neutrality-Related Policy of the ASEAN

The feed-in tariff (FIT) policy to improve renewable energy utilization: An analysis of FIT implementation in ASEAN countries from renewable energy growth, decarbonization, and investment perspective

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