| Summary: | 碩士 === 國立臺北科技大學 === 管理國際學生碩士專班 (IMBA) === 104 === Energy markets have been under a significant amount of change in the last five years. Traditional sources energy continue to grow, but at slower paces. Renewable energy capacity is having a staggering growth. What is driving these transition? This study aims to explore the environment of current energy markets. First, traditional and renewable sources of energy are identified and explained in the literature review. A background of past energy transitions, the current state of oil, and the relevance of COP21 are also identified and explained. Second, linear regression models that identify the relationship between renewable energy capacities and fossil fuel prices are constructed and analyzed. Fourth, the other factors behind the boom in renewable energy investments are identified and explained. The collapse of oil prices in 2014 is explained. Fifth, the differences in renewable energy investment environments in developing and developed nations are identified and explained.
Based on the results, we can infer that it was the alignment of the factors identified the reason behind the boom in renewable energy investments in the last 5 years. The negative relationship between renewable energy capacity and fossil fuel prices in the last 5 years is analyzed in context of the other factors studied. The study concludes that these past 5 years are potentially the upward trend in the S-curve, but that a full transition to renewable energy will not occur in the near future.
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