Environmental Risk Mitigation : Coaxing a Market in the Battery and Energy Supply and Storage Industry

This book presents an extensive review of the context and an analysis of the market for clean energy technologies, with batteries as the primary case study. The focus of this book is on clean energy technology and in particular, on renewable energy and portable, mobile, and stationary battery and energy supply. The authors examine how effectively countries with large and advanced economies are building and coaxing the markets needed to effectively mitigate environmental risk. The analysis takes a country-level perspective of some of the largest and most technologically advanced economies in the world including China, France, Germany, Japan, Korea, the United Kingdom and the United States. The authors explore the measures being taken to foster markets that effectively reduce environmental risk, increase its resilience and even its recovery. In the concluding chapter, the authors suggest that while the market for environmental risk mitigation remains nascent, the possibility for its rapid development is high. A number of market coaxing mechanisms to promote its more rapid development are proposed. The book will be of interest to researchers, policy makers, business strategists, and academics in the fields of political science and business management. Barbara Weiss is an analyst at the St. Petersburg Institute of International Political Economy, USA. She has a Master's degree in International Business Studies and a Ph. D. in International Political Economy from the University of Tsukuba, Japan. Her research interests are market structure and competition and risk analysis. She speaks three languages and has lived in Northeast Asia and Europe, as well as in Canada and the US. Michiyo Obi is Professor of Faculty of Policy Studies at Nanzan University, Japan. She holds a Ph. D. in International Political Economy from the University of Tsukuba, Japan. Her research interests include the global governance of climate change based on the theory of social constructivism, focusing on policy ideas, recognition, and norms Contents 6 List of Figures 8 List of Tables 10 1: Introduction 11 2: Environmental Risk and Sustainability 19 ERI Right Side: Risk Indicators 23 ERI Left Side: Sustainability Indicators 37 3: Economic Growth, Technological Development, and Environmental Performance 43 4: Decarbonization and Clean Energy Technology Research and Development 56 The Case of Graphene Technology 81 5: Climate Change Mitigation and Clean Energy Technology Policies 84 Climate Change Mitigation (CCM) Policies 85 International Scheme 85 Risks and Uncertainties 87 Barriers to Renewable Energy Policymaking, Implementation and Financing 89 Market Failure and Other Economic Barriers 93 Information and Awareness Barriers 93 Socio-Cultural Barriers 94 Existing Institutional and Policy Barriers 95 Policies to Overcome Barriers 97 Supply-Push Policies 97 Demand-Pull Policies 98 Clean Energy R&D and Deployment Policies 100 CET Policies 106 Policy Uncertainty 111 6: Clean Energy Technology: Investment and Investment Financing in Renewable Energy, Batteries, Energy Supply and Storage 116 Market Making: The Banking System 123 Capital Markets: Debt and Equity Financing 125 Financial Markets: Funds, Institutional Investors, M&As 129 CET Investment Financing Going Forward 138 7: Battery and Energy Supply and Storage Technology Frontier 145 B|ESST Frontier 147 B|ESST Development-Application Trajectory 157 The Tesla “Spark” 159 8: Coaxing a Market: Environmental-Societal-­Financial Sustainability Interfaces 162 Environmental-Societal-Financial (E-S-F) Sustainability Interfaces 174 Case|Interface 1 (C|I1) 178 Case|Interface 2 (C|I2) 185 US Electricity Markets 188 EU Electricity Markets 190 Japan’s Electricity Markets 193 Case|Interface 3 (C|I3) 195 Environmental Risk Analysis, Assessment, Adaptation and Mitigation 201 Catastrophic Risk and Disaster Risk 202 9: Conclusion 205 Appendix 1 217 Appendix 2 222 References 223 Index 258 Front Matter....Pages i-ix Introduction....Pages 1-8 Environmental Risk and Sustainability....Pages 9-32 Economic Growth, Technological Development, and Environmental Performance....Pages 33-45 Decarbonization and Clean Energy Technology Research and Development....Pages 47-74 Climate Change Mitigation and Clean Energy Technology Policies....Pages 75-106 Clean Energy Technology: Investment and Investment Financing in Renewable Energy, Batteries, Energy Supply and Storage....Pages 107-135 Battery and Energy Supply and Storage Technology Frontier....Pages 137-153 Coaxing a Market: Environmental-Societal-Financial Sustainability Interfaces....Pages 155-197 Conclusion....Pages 199-210 Back Matter....Pages 211-280 Barriers to Renewable Energy Policymaking, Implementation and Financing -- Market Failure and Other Economic Barriers -- Information and Awareness Barriers -- Socio-Cultural Barriers -- Existing Institutional and Policy Barriers -- Policies to Overcome Barriers -- Supply-Push Policies -- Demand-Pull Policies -- Clean Energy R & D and Deployment Policies -- CET Policies -- Policy Uncertainty -- 6: Clean Energy Technology: Investment and Investment Financing in Renewable Energy, Batteries, Energy Supply and Storage -- Market Making: The Banking System -- Capital Markets: Debt and Equity Financing Financial Markets: Funds, Institutional Investors, M & As -- CET Investment Financing Going Forward -- 7: Battery and Energy Supply and Storage Technology Frontier -- B|ESST Frontier -- B|ESST Development-Application Trajectory -- The Tesla "Spark"--8: Coaxing a Market: Environmental-Societal-ƯFinancial Sustainability Interfaces -- Environmental-Societal-Financial (E-S-F) Sustainability Interfaces -- Case|Interface 1 (C|I1) -- Case|Interface 2 (C|I2) -- US Electricity Markets -- EU Electricity Markets -- Japan's Electricity Markets -- Case|Interface 3 (C|I3)