| Description |
1 online resource (xix, 87 pages) : illustrations. |
| Series |
BestMasters |
|
BestMasters (Springer (Firm))
|
| Bibliography |
Includes bibliographical references. |
| Summary |
The worldwide deployment of wind power plants is soaring. Yet the availability of their construction materials could be a potential bottleneck. As rare earth elements represent the most critical materials, Anja Brumme provides a market analysis of rare earths, ascertaining that geological scarcity is not the main problem. Instead, the author identifies four kinds of market failure: market power, co-production, by-production and negative externalities. It becomes apparent that the market for rare earth metals is in a state of severe disequilibrium. Subsequently, her estimate of future rare earth demand patterns based on the wind power industry by 2050 reveals that the current level of supply is unlikely to be sufficient in the long run. To allow for a more elaborate analysis, the author suggests two options of including a rare earth side condition in an integrated assessment model. |
| Note |
Description based on online resource; title from PDF title page (SpringerLink, viewed February 3, 2014). |
| Subject |
Wind turbines -- Materials -- Economic aspects.
|
|
Rare earth metals -- Economic aspects.
|
|
Wind power plants -- Economic aspects.
|
|
Wind power industry.
|
|
Economics/Management Science.
|
|
R & D/Technology Policy.
|
|
Public Finance & Economics.
|
|
Economic policy.
|
|
BUSINESS & ECONOMICS / Real Estate / General
|
| Other Form: |
Printed edition: 9783658049126 |
| ISBN |
9783658049133 (electronic bk.) |
|
3658049138 (electronic bk.) |
| Standard No. |
10.1007/978-3-658-04913-3 doi |
|
