Common knowledge in the wind industry pinpoints inconsistent policy, such as the production-tax credit scheme in the US, as a key source for boom and bust cycles in the wind energy industry. This paper looks at the sources of the industry boom and bust via a system dynamics model for diffusion of wind energy technology. A model is developed through the combined use of theory and calibration to a set of comparative national and state-level cases. The formulated model captures the effects of inconsistent policy for different national scenarios. The paper demonstrates through the system dynamics model how short-term bias can harm the long term development of the industry by perpetuating these boom and bust cycles. Finally, various policy scenarios that will encourage more sustainable industrial growth are suggested and simulated within the model.

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Date created

• 2010 July 25-2010 July 29

Type

• Document

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• Processing documentation available at: https://wiki.albany.edu/display/SCA/Processing+Ingested+Digital+Files

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• Creative Commons BY-NC-ND Attribution-NonCommercial-NoDerivs 4.0 International

  
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ITEM CONTEXT

Part of

17bfad39e1d09bfe17f82d7ae001449f

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Part of

23d738ba88f8333bc39725f9cb5bd0b8

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Part of

516b485dacfb3c26da448243f0948912

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Collection

System Dynamic Society Records

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Collecting area

• This collection is part of the University Archives