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市場調查報告書
可再生能源部門所受到的經濟不景氣影響
The Impact of the Economic Downturn on the Renewables Sector
| 出版商 |
Datamonitor |
| 出版日期 |
2009年04月 |
商品編碼 |
86413 |
| 內容資訊 |
英文 39 pages |
| 價格 |
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可再生能源部門所受到的經濟不景氣影響 是由出版商Datamonitor在2009年04月所出版的。
這份英文市場調查報告書包含39 pages 價格從美金2795起跳。
在經濟停滯與EU委員會為了調度環保能源的環境規定當中,公共事業企業籠罩在降低成本與選擇適當正確的環境之壓力下。
此報告書除了概略報告關於不景氣之下的可再生能源市場機會,同時還彙整了從投資側面來看現在的經濟不景氣帶給可再生能源部門的影響,還有主要提案等。報告書之內容摘要如下所示。
第1章 DATAMONITOR的見解
第2章 分析
- 有充分前兆顯示出應考慮全球經濟不景氣
- 目前的全球不景氣,根本原因在於主要投資銀行的全球資本市場裡,與住宅借貸相關的不良債權交易
- 「最大的」不景氣如今已影響到先進國家
- Datamonitor認知到英國不景氣的行進速度與深度
- 革新人物將不景氣視為市場機會
- 預測全球生產活動將會縮小而且此動向將會持續
- 股票市場反映投資家的信任危機
- 從1970年以後有過7次的不景氣
- 證券化是信用危機的根本
- 所得循環顯示出投資資金的進退兩難
- 融資擴大的矛盾與失敗打擊可再生能源 證券化擴大融資,造成2007年、08年的信用危機
- 將可再生能源當作卡住的資產,像這樣的發想並不會促進對環保規劃的成長
- 商品價格與機會費用在可再生能源投資中扮演重要的角色
- 石油•瓦斯價格影響環保能源與EU Emission Trading Scheme的導入
- 目前的發電展開中以化石燃料裝置較為有利
- 電力曲線顯示肯定的價格信號
- 英國的煤炭
- 經濟面與環境面的義務未被調和
- 平均後價格對於發電替代來源是有利的
- 價格信號
- 根據史登報告全球成長將會成立在可再生能源上
- 以財力支援勝者是很危險的戰略
- 政府主導的復活在2009年無疾而終
- 經濟應該與去除碳素切割分離
- SWOT分析
- 可再生能源的成長也在目前的不景氣之下呈現不透明狀態
- 經濟不景氣中看見希望的徵兆
- 歐洲風力發電市場
- 在各地區的交易中,歐洲為目標
- 歐洲風力發電與太陽能
- 在交易額當中,EU是對投資者而言具有吸引力的地區(2006年至2009)
- 全球交易裡5筆中就有2筆是在EU地區的交易(2006年至2009)
- Green New Deal的導入
- 凱因斯的Green New Deal
- 在未來展望中看見光芒
- 政府的行動與規定是投資的信號
- 核能發電的威脅為障壁
- Datamonitor的服務
- 對專家的提問
- Datamonitor的諮詢
- 免責條款
Abstract
Introduction
In a period of economic decline and environmental regulation to source green
energy by the EU Commission utilities are exposed to increasing pressure to
mitigate costs as well as make the correct environmental choices either
through M&A or through organic carbon offsetting measures. This brief examines
the key issues surrounding utilities and the opportunities in the renewables
market.
Scope of this research
- This brief provides you with a comprehensive account of opportunities in
the renewables market through the economic downturn.
- The impact of the current economic downturn on the renewables sector from
an investment perspective.
- Key recommendations on how to maximize the opportunity and the risks
involved in the investment appraisal of green projects.
- Key recommendations on how utilities can benefit from addressing the key
issues and position themselves effectively for the future.
Research and analysis highlights
The key macroeconomic indicators highlight the speed and the depth of the
economic downturn with reference to supply and demand-side impacts on
investment appraisal, the availability of credit and the attractiveness of the
renewables sector as a growth and opportunities market.
Prices act as key signals to decision makers in business planning, current
commodity prices will be positive
M&A activity has been bullish but is set to change through 2009 as the
economic climate affects both expectations and the availability of credit.
Key reasons to purchase this research
- Understand the key issues and constraints facing the renewables industry
through the current economic decline in the EU-27
- Gain insight in to the strengths, opportunities weaknesses and threats
concerning renewable investment
- Understand Datamonitor' s key recommendations on renewable generation,
particularly through the current economic climate and legislative framework.
Table of Contents
DATAMONITOR VIEW
ANALYSIS
- There was considerable warning of a global economic recession (1/2)
- There was considerable warning of a global economic recession (2/2)The
timeline that led up to what we now refer to as a global recession was
firmly rooted in toxic mortgage-related debt traded on global capital
markets by the major investment banks.
- The ' greatest' recession is currently affecting the advanced economies
- Datamonitor recognizes the speed and depth of the downturn in the UK
- With the downturn come the market opportunities for innovators
- Output has fallen globally and is set continue this trend for the
foreseeable future
- Equity markets around the world reflect the crisis in investor confidence
- The business cycle has seen six recessions since 1970
- Securitization has been at the root of the credit problem
- The circular flow of income illustrates the capital funding dilemma
- The paradox and failure of expanding credit has hurt renewablesAlthough
securitization expanded credit, this ultimately led to a process that
defined the 2007 08 credit crunch.
- The idea of renewables as ' distressed' assets will not help green growth
- The price and opportunity cost of commodities will play an important role
in renewables investments
- Oil and gas prices will influence the uptake of green energy and the EU
Emission Trading Scheme
- Current generation spreads favor fossil fuel-fired plants
- However, the power curve shows positive price signals to generate
- UK coal will be the input fuel of choice at future EU ETS prices
- Economics and environmental obligations do not mix well
- On average, prices have been in favor of alternative sources of
generation
- Price signals have to remain over a longer period to be effective
- According to the Stern Review, global growth rests on renewables
- The use of fiscal force to assist a ' winner' is a dangerous strategy
- A purely government-led recovery should be side-stepped through 2009
- The economy should be decoupled from ' decarbonization
- A simple SWOT analysis highlights the concerns and complexities
surrounding renewables
- The results show that, all other things being equal, renewable growth is
uncertain in today' s recession
- Datamonitor' s Financial Deals Database shows that the economic downturn
offers a silver lining
- The European wind market attracts the biggest deals by value1
- Deals by regions illustrate Europe as a target destination
- Wind and solar energy are the chosen technologies in Europe
- By deal value, the EU is a highly attractive region for investors
(2006-2009)
- Two out of five deals globally are made in the EU region (2006-2009)
- Adopting the Green New Deal will be important for the understanding of
global renewable investment
- The Keynesian Green New Deal ticks the boxes, but may fail to convince
- Future forecasts predict light at the end of the tunnel
- Government action and regulation will be the best signal to invest
- The threat of nuclear remains a barrier to renewable success
- Our bespoke services can be tailored to your specific needs
- Ask the analyst
- Datamonitor consulting
- Disclaimer
FIGURES
- Figure: There was considerable warning of a global economic recession (1/2)
- Figure: The ' greatest' recession is currently affecting the advanced
economies
- Figure: Output has fallen globally and is set continue this trend for the
foreseeable future
- Figure: TypeFigTitleHere
- Figure: The business cycle has seen six recessions since 1970
- Figure: Securitization has been at the root of the credit problem
- Figure: The circular flow of income illustrates the capital funding dilemma
- Figure: TypeFigTitleHere
- Figure: Current generation spreads favor fossil fuel-fired plants
- Figure: However, the power curve shows positive price signals to generate
- Figure: UK coal will be the input fuel of choice at future EU ETS prices
- Figure: Economics and environmental obligations do not mix well
- Figure: According to the Stern Review, global growth rests on renewables
- Figure: A simple SWOT analysis highlights the concerns and complexities
surrounding renewables
- Figure: The European wind market attracts the biggest deals by value1
- Figure: The European wind market attracts the biggest deals by value1
- Figure: Deals by regions illustrate Europe as a target destination
- Figure: Wind and solar energy are the chosen technologies in Europe
- Figure: Wind and solar energy are the chosen technologies in Europe
- Figure: By deal value, the EU is a highly attractive region for investors
(2006-2009)
- Figure: Two out of five deals globally are made in the EU region
(2006-2009)
- Figure: Future forecasts predict light at the end of the tunnel
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