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Explore the economic impact of renewable energy policies on GDP, job creation, and tax revenues, compared to traditional energy sources. Analyze the value creation potential of wind energy at EU27, Spain, UK, and France levels. Understand the direct, indirect, and induced impacts on the economy. Find out how wind energy surpasses CCGT in contributing to GDP and creating jobs.
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ACCIONA - EDPAnalysis of the value creation potential of renewable energy policy EWEA 2013
Introduction - methodology Offshore wind
Methodological framework 1 LCOE • Microeconomic analysis of CAPEX, OPEX and fuel costs for each technology 2 • GVA and jobs created by the domestic share of CAPEX an OPEX required to build and operate the reference plants. Direct impact on GDP 3 • GVA and jobs created by the domestic share of suppliers involved in the plant’s development, construction, operation and maintenance. • Induced domestic impacts account for the effects of increased consumption from employees and business owners from the additional income generated in the supply chain Indirect and induced impact on GDP 4 • Security of supply • CO2 • Tax revenues Other externalities
Main findings Offshore wind
Wind energy has a higher contribution to GDP than CCGT • Wind energy generates more Gross Value Added per MWh produced than CCGT Spain
The contribution to GDP of wind and CCGT vary according to national energy situations UK France
At EU27 level, Wind has a higher job creation potential than CCGT • In EU27, wind creates 20 job.year per M€ invested, compared to 14 for CCGT. Jobs creation - EU27 Jobs creation - Spain
Wind electricity generates significant tax revenues • 1 € spent on electricity from wind generates between 27 and 52 €cts of tax revenues. • In France and Germany the “tax return” is above 50 €cts.
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