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ARTICLE · 06 APRIL 2005

The Next Wave: Developing Markets in Renewable Energy

In an age of volatile energy prices, increasing concern over climate change, and political debate over reliance on foreign sources of energy, domestic development of renewable energy sources – "renewables" – is viewed by many as a potential panacea. On the heels of widespread renewables development internationally, many states, and increasingly the federal government, have placed the development and use of renewables high on their policy agenda, and developed regulatory programs with substantial

United StatesEnergy and Natural Resources

By Elise N. Zoli, Robert H. Fitzgerald and Aladdine Joroff

Originally published March 2005

In an age of volatile energy prices, increasing concern over climate change, and political debate over reliance on foreign sources of energy, domestic development of renewable energy sources – "renewables" – is viewed by many as a potential panacea. On the heels of widespread renewables development internationally, many states, and increasingly the federal government, have placed the development and use of renewables high on their policy agenda, and developed regulatory programs with substantial financial incentives to spur renewables development. More states are certain to follow.

As state and federal renewables programs evolve, so do opportunities. Developers and producers of renewable energy are expected to find a strong demand for their power from distribution companies and an increasingly sensitized public. Certain consumers of power, from industrial facilities to office and

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