Investment decisions in the renewable energy field: An analysis of main determinants

摘要: Renewable energy technologies (RET) have the potential to satisfy a significant share of global supply, thus contributing achieve climate mitigation goals. RET can also accelerate recovery from current economic crisis thanks many environmental, and societal benefits that such incorporate. However, traditional accounting methods largely overlook positive externalities generated by therefore tend favor conventional sources over capital-intensive, alternative technologies. Even worse, still suffer series biased perceptions preconceptions status quo production models innovative alternatives. This perspective help explain why investments in RET, although appealing, remain below expectations. In order better understand this phenomenon, we focus on investment decision making process sample investors with objective identify main determinants their choices. We propose test conceptual model which investigates role institutional behavioural factors determining renewable portfolios, as well degree technological diversification these portfolios. Based results our analysis, derive discuss implications for scholars, investors, policy makers.