Development of Leading Approaches for Risk Assessment of the Renewable Energy: Some Recommendations

DOI

10.2991/assehr.k.200526.038How to use a DOI?

Keywords

renewable energy, risk assessment, strategic development, leadership, sustainability

Abstract

Renewable energy (RE) technologies are gradually taking over the world amid a lack of effective specific risk assessment tools, which is an important element of the strategic development of this sector. Meanwhile, the significant impact of state support on the industry, on the one hand, as well as the refusal of a number of countries to provide incentives to the sector, on the other hand, generate many new specific risks that need to be managed. Therefore, the author was tasked with developing recommendations for the creation of a fundamentally new methodological apparatus aimed at assessing the risks directly threatening RE projects. The article presents the main types of specific risks to renewable energy, and the analysis of the most relevant quantitative assessment approaches. Methodical features of RE risk assessment based on four criteria were systematized: general, project, state influence, individual influence of risks. Qualitative and quantitative restrictions of an assessment were also discussed. Based on the results of the study, recommendations for the development of a specific approach to assessing the risks faced by the sector were given. The obtained results are of practical importance and will be used for creating appropriate tools, and in the future - for assessing the risk effectiveness of the implementation of RE projects under the influence of different economic conditions.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Galina Chebotareva
PY  - 2020
DA  - 2020/05/27
TI  - Development of Leading Approaches for Risk Assessment of the Renewable Energy: Some Recommendations
BT  - Proceedings of the 6th International Conference on Social, economic, and academic leadership (ICSEAL-6-2019)
PB  - Atlantis Press
SP  - 260
EP  - 266
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.200526.038
DO  - 10.2991/assehr.k.200526.038
ID  - Chebotareva2020
ER  -