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Drivers and Barriers for Investments in Wind Energy in Serbia: “Don Quixote against the windmills”

Kovandzic, Jana LU (2011) In IIIEE Master thesis IMEN56 20111
The International Institute for Industrial Environmental Economics
Abstract
The objective of this thesis has been to explore the potential for expansion of wind power in
Serbia, through analysis of the key drivers and barriers for further development. This has been
done primarily through literature review and semi-structured interviews. After elaborating on
the institutional setting and national legal framework, this thesis examines international
circumstances that impact investments in wind energy. These factors include the Acquis
Communautaire of the European Union and the Clean Development Mechanism (CDM) of
Kyoto Protocol. The negotiations with the EU for the status of candidate country result in the
need for restructuring energy sector, which commenced with transposing the legal norms of
the Acquis in... (More)
The objective of this thesis has been to explore the potential for expansion of wind power in
Serbia, through analysis of the key drivers and barriers for further development. This has been
done primarily through literature review and semi-structured interviews. After elaborating on
the institutional setting and national legal framework, this thesis examines international
circumstances that impact investments in wind energy. These factors include the Acquis
Communautaire of the European Union and the Clean Development Mechanism (CDM) of
Kyoto Protocol. The negotiations with the EU for the status of candidate country result in the
need for restructuring energy sector, which commenced with transposing the legal norms of
the Acquis in the sphere of energy. However, this research depicts existing procedural barriers,
such as complicated and contradicting licensing procedures and vague scheme for attaining
subsidies for producing power from renewable energy sources. Thesis further examines the
potential of wind energy to comply with National CDM Criteria and Indicators of Sustainable
Development. Generally, the issue of wind energy development is embedded in the context of
energy pricing and the issue of energy security. In this milieu local communities can benefit
greatly from wind energy. The potential for wind energy development on the local level was
analysed through the SWOT (strengths-weaknesses-opportunities-threats) analysis of the
position of municipalities. The SWOT analysis aimed at indicating different managerial
strategies those municipalities could take, pointing out drivers and barriers in this process.
Research suggests that actors involved on the local and national level have the lack of
understanding of crucial processes, followed by high transaction costs, the lack of will and the
lack of human capacities. However, potential benefits that local actors observe – the broader
level of job creation, the transfer of technologies and the raise of capacities – are seen as
strong drivers and give significant impulses to wind energy sector development. (Less)
Please use this url to cite or link to this publication:
author
Kovandzic, Jana LU
supervisor
organization
course
IMEN56 20111
year
type
H2 - Master's Degree (Two Years)
subject
keywords
wind energy, drivers and barriers, Acquis Communautaire, CDM indicators, SWOT
publication/series
IIIEE Master thesis
report number
2011:04
ISSN
1401-9191
language
English
id
2203274
date added to LUP
2011-11-08 14:54:58
date last changed
2011-11-08 14:54:58
@misc{2203274,
  abstract     = {The objective of this thesis has been to explore the potential for expansion of wind power in
Serbia, through analysis of the key drivers and barriers for further development. This has been
done primarily through literature review and semi-structured interviews. After elaborating on
the institutional setting and national legal framework, this thesis examines international
circumstances that impact investments in wind energy. These factors include the Acquis
Communautaire of the European Union and the Clean Development Mechanism (CDM) of
Kyoto Protocol. The negotiations with the EU for the status of candidate country result in the
need for restructuring energy sector, which commenced with transposing the legal norms of
the Acquis in the sphere of energy. However, this research depicts existing procedural barriers,
such as complicated and contradicting licensing procedures and vague scheme for attaining
subsidies for producing power from renewable energy sources. Thesis further examines the
potential of wind energy to comply with National CDM Criteria and Indicators of Sustainable
Development. Generally, the issue of wind energy development is embedded in the context of
energy pricing and the issue of energy security. In this milieu local communities can benefit
greatly from wind energy. The potential for wind energy development on the local level was
analysed through the SWOT (strengths-weaknesses-opportunities-threats) analysis of the
position of municipalities. The SWOT analysis aimed at indicating different managerial
strategies those municipalities could take, pointing out drivers and barriers in this process.
Research suggests that actors involved on the local and national level have the lack of
understanding of crucial processes, followed by high transaction costs, the lack of will and the
lack of human capacities. However, potential benefits that local actors observe – the broader
level of job creation, the transfer of technologies and the raise of capacities – are seen as
strong drivers and give significant impulses to wind energy sector development.},
  author       = {Kovandzic, Jana},
  issn         = {1401-9191},
  keyword      = {wind energy,drivers and barriers,Acquis Communautaire,CDM indicators,SWOT},
  language     = {eng},
  note         = {Student Paper},
  series       = {IIIEE Master thesis},
  title        = {Drivers and Barriers for Investments in Wind Energy in Serbia: “Don Quixote against the windmills”},
  year         = {2011},
}