What is really behind the adoption of new renewable electricity generating technologies?

This study investigates the partial correlations between the share of new renewable electricity in a country and income, energy security and climate change mitigation. For the purpose of this paper, new renewables refer to the electricity generating technologies that have not yet reached grid-parity (e.g. wind, solar). The author proposes a measure of energy security depending on the role of inputs (coal and natural gas) in electricity generation as well as a rneasure of a country's potential to mitigate climate change based on the quantity of fossil-based electricity generated per capita. Findings from 2007, 2008 and 2009 data on 107 middle and high-income economies show that rich countries relying on coal imports to generate their power, are also those with the highest shares of electric power from new renewables. (C) 2013 International Energy Initiative. Published by Elsevier Inc. All rights reserved.